The National Student Financial Aid Scheme

image of The National Student Financial Aid Scheme
image of The National Student Financial Aid Scheme

The National Student Financial Aid Scheme is a registered credit provider with South Africa’s National Credit Regulator: NCRCP2655


About – The National Student Financial Aid Scheme

NSFAS is the programme for student loans and bursaries operated by the Government of South Africa. We provide finance to students who are enrolled in or, are in the process of enrolling, in any of the public universities and public FET colleges in the country. We work with all public institutions providing tertiary education without exception.

Proud to be a Part of your Success Story 

We are glad to announce that our education funding has increased to R8,5 billion in 2013 from R441 million in 1999. We have helped numerous young South Africans become leading experts in what they do and we are proud to have been part of their success story. When the students who we support graduate and repay their loans, our funds grow and allow us to help even more young people.

Services – The National Student Financial Aid Scheme

NSFAS offers student loans to students enrolled in any one of the 25 public universities in South Africa. The facilities are designed to cover all study costs including tuition fees, accommodation, study materials, equipment and transportation. The loan that you take out must be repaid once you've complete your studies.

Achieve and Repay only 60%!

As long as you achieve high academic results, some 40% of the principal amount can be turned into a bursary and in this way you will not have to repay it. The repayment terms are flexible and will depend on your employment income after you graduate.

These fantastic student loans are available without guarantees from parents and guardians.


Summary of Services

  • Personal Long-term Loans
  • Student Loans 
  • University Grants
  • Education Finance
  • Study Loans 
  • Personal Loans


The National Student Financial Aid Scheme Loans Review - Are These Student Loans Right for You?

The cost of higher education in South Africa is considerable but, there are various ways to get the finance which you need to pay for your studies. This review of the National Student Financial Aid Scheme loans will provide a detailed and unbiased evaluation of them. This will help you decide whether you can use one.

Can't Obtain a Loan from a Private Lender?

The National Student Financial Aid Scheme (NSFAS) is run by the Government of South Africa. Its purpose is to provide financial assistance to university students in the form of student loans and bursaries. Currently, it has a budget of over R8 billion and this allows it to support a larger number of students with larger amounts of money. One of the main advantages of the Scheme is that it can provide finance to students who may not be able to obtain a student loan from a private lender.

The NSFAS Means Test

The NSFAS student loans are granted to students whose income situation allows them to pass the NSFAS Means Test and who have a high academic potential for success. Another requirement is that you are enrolled in or accepted to one of the 25 public universities in the country. You will not be able to obtain a loan if you are studying in a private institution. No guarantees or sureties from parents or sponsors are required.

Lower Rates than Offered by Large Banks 

The loan amounts are sufficient for covering tuition fees, accommodation, food and travel costs and expenses on textbooks. The actual amount is determined individually for every student. Another one of the major advantages of these personal loans is that they have a much lower interest rate than what commercial banks charge. It is 80% of the repo rate while private lenders typically charge interest rates which are higher than the repo rate.

Start Repaying After you Complete your Studies

The NSFAS student loans have perhaps the best repayment terms of all other products of their kind. You will not have to pay back anything while you are studying. The repayment term begins only after you graduate and find a job which pays you more than R30 000 in the form of an annual salary. You will have a grace period if you are unemployed or earn less. If you earn less than R59 000 per year, the repayments will be 3% of your annual salary. If you earn more, they will be 8%.

This review concludes that the National Student Financial Aid Scheme loans are among the best for South African students.

 Contact Details

House Vincent 2nd Floor, 7700, 10 Brodie Rd, Cape Town, Wynberg, 7800, South Africa
Ph: 0860 067 327 / 0860 067 327
Em: [email protected]
Em: [email protected]

 Postal Address

Private Bag X1, Plumstead, 7801, South Africa

 Opening Hours

  • Monday 08:00 – 17:30
  • Tuesday 08:00 – 17:30
  • Wednesday 08:00 – 17:30
  • Thursday 08:00 – 17:30
  • Friday 09:00 – 17:30
  • Saturday 09:30 – 13:00
  • Sunday Closed –