NSFAS is the National Student Financial Aid Scheme which is a government loan and bursary fund for students. NSFAS bursary applications and registrations are open in the later part of the year for students who want to study in the next calendar year.
The National Student Financial Aid Scheme (NSFAS) was established in 1991 and replaced the Tertiary Education Fund of South Africa (TEFSA) in 1999 with the gazetting of the NSFAS Act of 1999. NSFAS is fully supported by the Department of Education and training. The main aim of NSFAS is to provide financial support to eligible students to help pay for the cost of their tertiary education at any TVET college or University.
The Democratic Alliance is on a mission to get further details when it comes to Unisa's decision to reduce the number of new students accepted in 2021. They are also calling out NSFAS saying that students shouldn't pay the price for their poor administration.