How to qualify for a nsfas loan

How to qualify for a nsfas loan

How to qualify for a nsfas loan : To determine who qualifies for NSFAS, applicants have to undergo a “means test” to rank how financially needy they are. This is a formula which takes into account the household income, the number of dependents in the household, and the family’s cost of living. Usually, students with an annual household income of R160 000 or less will be eligible to apply. A family contribution to the fees may, however, need to be made, depending on the means test.
Who is eligible,
– SA Citizens
– Registered at a SA University or University of Technology
– An undergraduate, studying for 1st Higher Ed qualification
– Studying for a 2nd Higher Ed qualification if neccesary for profession eg. LLB
– Able to demonstrate potential for academic success
– In need of financial assistance