NSFAS Accepted Nearly 170 000 Applications Within Hours. The National Student Financial Aid Scheme (NSFAS) opened its 2025 application process on Friday, September 20, and received an overwhelming response within just a few hours. By the end of the day, nearly 170,000 applications were submitted, setting the stage for what promises to be a busy year for the financial aid body.
A Strong Start to the 2025 Academic Year
The NSFAS application period for the 2025 academic year officially began on September 20, with the scheme accepting applications for bursaries and loans until December 15, 2024. This early surge in applications demonstrates the high demand for financial assistance among South African students.
NSFAS plays a critical role in supporting students from low-income families, providing essential funding for tuition, registration fees, living expenses, and more. For 2024, NSFAS is funding approximately 1.2 million students, and this number is expected to increase significantly in 2025.
Minister Address and Application Encouragement
Dr. Nobuhle Nkabane, Minister of the Department of Higher Education, and NSFAS Administrator Freeman Nomvalo held a briefing to mark the launch of the 2025 application period. The Minister emphasized that prospective students do not need to wait for their matric results before applying. This proactive approach is designed to streamline the application process and ensure that students receive their funding decisions in a timely manner.
A Surge in Applications: What the Numbers Say
In just a few hours after the applications opened, NSFAS received more than 170,000 applications, with expectations that the final number could reach between 800,000 and 900,000. This surge is indicative of the growing reliance on NSFAS funding among South African students. A significant portion of these applications came from Gauteng, KwaZulu-Natal, and Limpopo provinces.
What NSFAS Funding Covers
NSFAS offers both bursaries and loans to eligible students. Here’s a breakdown of what these cover:
NSFAS Bursary
- Registration Fees: Covers the cost of enrolling in a tertiary institution.
- Tuition Fees: Includes the total cost of the academic program.
- Learning Materials: Funds for textbooks and other essential study resources.
- Living Allowance: A monthly stipend to cover basic living expenses.
- Personal Care Allowance: Additional funds for personal care items.
- Transport or Accommodation: Depending on whether the student lives on or off campus.
NSFAS Loan
- Registration Fees: Helps students enroll in their chosen courses.
- Tuition Fees: Covers the cost of the academic program.
- Learning Materials: Funds for textbooks and study resources.
Nomvalo confirmed that immediate funding decisions will be made for NSFAS and first-time entering students. Continuing students will follow specific guidelines set by the scheme. NSFAS aims to release all funding decisions by December 31, ensuring that students are financially prepared for the upcoming academic year.
Preparing for an Increase in Applications
The early surge in applications suggests that NSFAS may face an even greater number of applications by the end of the period. The Department of Higher Education has prepared for this, with Nomvalo stating that NSFAS will continue to improve its systems to manage the large volume of applications and ensure prompt funding decisions.
The Importance of Early Applications
Students are encouraged to apply as early as possible to avoid the year-end rush and ensure they receive their funding decisions in time for the start of the academic year. Early applications also provide NSFAS with ample time to verify and process information, reducing the likelihood of delays.
Conclusion
The rapid influx of applications within hours of opening is a clear indication of the vital role NSFAS plays in supporting South African students. As the 2025 academic year approaches, NSFAS is committed to providing timely and efficient financial assistance to all eligible students. Prospective students should take advantage of the early application window to secure their funding and focus on their educational goals.