NSFAS News and Updates for 2025
Find the latest news and information on NSFAS. We have dedicated this page to serve you with undiluted news from the office of the NSFAS.
We share with you news ranging from NSFAS Application for 2025 (Updates) to NSFAS Allowance for 2025. Other developments from the NSFAS camp/office will be brought to your known. We basically help to spread NSFAS News to students and everyone in South Africa interested to know more from the NSFAS.
We have shared the NSFAS Contact Details below, so, students can personally communicate with NSFAS authorities to make enquiries or resolve any pressing issues.
Latest NSFAS News and Updates for 2023
NSFAS DISMISSES CLAIMS OF LATE PAYMENT TO STUDENTS AND PAYMENT OF 157 980 “GHOST STUDENTS”
NSFAS DISMISSES CLAIMS OF LATE PAYMENT TO STUDENTS AND PAYMENT OF 157 980 “GHOST STUDENTS”
Cape Town, 31 October – The National Student Financial Aid Scheme (NSFAS) categorically denies the recent claims of late payment of allowances to students. NSFAS confirms that payments of allowances have been processed on time to all NSFAS beneficiaries.
NSFAS has successfully disbursed allowances to 143,423 beneficiaries at TVET colleges for the month of October, with a total amount of R681,051,078. Owing to phishing threats, NSFAS had to put in place additional security measures to protect the system from potential fraudsters. As a result, the system upgrade caused delays in disbursing funds to universities. However, NSFAS is still on track to disburse allowances to students on the 1st of November 2023.
NSFAS has taken numerous measures to streamline its disbursement processes and improve the efficiency of fund transfers. These efforts are aimed at minimizing delays and ensuring that students can access their funds as promptly as possible.
“We understand the critical importance of these funds to our students, and we are continuously working to make the payment process as efficient as possible. Our commitment to the higher education community remains steadfast, and we are dedicated to providing financial assistance to those in need,” said NSFAS Board Chairperson, Mr Ernest Khosa.
The News 24 Article which claimed that NSFAS paid monthly allowances to 157 980 ‘ghost students’ is factually incorrect and improbable. NSFAS takes measures to ensure the accuracy and authenticity of student information through a Know Your Customer (KYC validation process. This process involves verifying various aspects of a student’s identity to authenticate them and enable access to their funds.
This stringent process does not only ensure that only eligible students receive financial assistance but also provides flexibility of remote verification using Electronic Biological Authentication and the convenience of face-to-face verification at the nearest campus provide students with options that suit their preferences.
Through our numerous measures to streamline its disbursement processes and improve the efficiency of fund transfers NSFAS efforts are aimed at minimizing delays and ensuring that students can access their funds as promptly as possible.
NSFAS will continue to disburse allowances to students with its Direct Payment partners until an official communication indicating otherwise. We understand the critical importance of these funds to our students, and we are continuously working to make the payment process as efficient as possible.
NSFAS will continue to work closely with educational institutions, students, and other stakeholders to ensure that the disbursement process runs smoothly and according to the established schedule.
NSFAS also notes statements related to allegations by the former CEO Andile Nongogo. The Chairperson of the Board has no intention to engage in a slanging match with former CEO, regardless of how provocative the allegations are. These statements are false and unfounded and repeating them doesn’t assist. Of importance is the need to implement the recommendations from the Werksman report which the Board is forging ahead with its implementation.
TVET Students NSFAS Application for 2023
News update on TVET Students NSFAS Application for 2023. The National Student Financial Aid Scheme (NSFAS) now offer bursaries for Technical and Vocational Education and Training (TVET) students.
Below is an update on TVET Students NSFAS Application for 2023.
Currently, almost 95% of TVET students are funded by NSFAS and students who have a grade 9, 10, 11 or 12 can apply to study at a TVET College. Visit nsfas.org.za to find out more on what TVET Colleges can offer for a successful future.
Benefits of Studying at TVET Colleges through
If having a good-paying job or a business of your own is one of your goals, then studying at a Technical and Vocational Education and Training (TVET) college is for you. A TVET college education will give you all the skills and information required for your job, with a wide range of courses to select from. TVET colleges focus on vocational and occupational education and training, preparing students to become functional workers in a skilled trade.
A big benefit of attending a TVET college is that it has become more affordable, as NSFAS provides easily accessible funding for learners who cannot afford further education.
Once your NSAS application for TVET funding is approved, we will cover the following:
- Registration & tuition,
Personal care, - Transport where necessary,
- And accommodation.
TVET colleges accept students who’ve completed Grade 9, 10, 11 or 12 at high school level.
Visit www.nsfas.org.za to explore more of how TVET colleges can provide opportunities to better the economy.
Also visit https://www.nsfas.org.za/
NSFAS Onboarding 2023: How to Onboard Yourself 2023
Latest update on NSFAS Onboarding 2023. As part of the digital transformation at NSFAS, all NSFAS beneficiaries at universities and TVET colleges will start receiving their allowances and transacting through the NSFAS bank card as of the 2023 academic year. This transformation brings in the concept of NSFAS Onboarding.
Students can now proceed on the onboarding process to attain their NSFAS Bank Account. Below are the steps for on how students can onboard on their own to access your bank account card in 2023.
Quick note:
Reminder to visit nsfas.org.za now and check your institution on the list, select
‘Register here’ and proceed to onboard yourself.
Let’s spread the word and encourage those students who still need to onboard to complete the onboarding process to receive allowances.
Steps on How to Onboard Yourself in 2023
Steps 1: You will receive an SMS with a link to register
Steps 2: Click on the link
Steps 3: Enter your ID number
Steps 4: Enter your address details, select a security question and provide a unique answer to secure your log in details
Steps 5: Capture a clear image of your ID
Steps 6: Capture a clear image of your ID under your chin
Steps 7: You will receive an approval SMS with your account number
Steps 8: Collect and active your NSFAS bank card at your campus
For any Information on the NSFAS Onboarding 2023, students should contact NSFAS on the contact details below;
For all other queries regarding students:
Tel No.: 08000 67327
Email: info@nsfas.org.za
Physical Address: The Halyard, 4 Christiaan Barnard St, Cape Town City Centre, Cape Town, 8001
Updates on NSFAS Students Allowance Payment 2023
DATE: FRIDAY 14 JULY 2023
Following a ground breaking and purposeful meeting the National Student Financial Aid Scheme
(NSFAS) held with the South African Union of Students (SAUS) and direct payment partners in Cape Town on Tuesday 11 July 2023, it was resolved as follows:
- Today, 14 July 2023, NSFAS is paying allowances of approximately 75% of all beneficiaries for whom registration data has been received from institutions and successfully validated by NSFAS.
- All institutions are urged to fast-track submission of the outstanding 25% of the registration data to ensure that beneficiaries are paid in the next payment run scheduled for the 31st of July 2023.
- NSFAS committed to dispatch capacitated teams within a week of the reopening of institutions to help with swift onboarding of students and the issuing of physical bank cards. This process will be completed in partnership with institutions and Student Representative Councils.
- All students affected by the recent defunding process will be sent a communication detailing the reasons for the defunding and advising them on steps to follow.
Other issues to be addressed as a matter of urgency include, among others, the following:
- Standardization of onboarding process across all platforms to simplify the process for students.
- Revisiting of the fee structure for the NSFAS bank account with the intention to reduce the
- transactional charges.
- lack of updates to relevant stakeholders on urgent matters; it was agreed that NSFAS will conduct weekly stakeholder meetings until all identified have been resolved.
In the past few weeks, NSFAS has intensified efforts to reach out and engage meaningfully with universities, TVET colleges and student organizations to ensure that the servicing of NSFAS beneficiaries is performed in a consistent, dependable, and coordinated manner.
It is the first time that the entity has taken a bold move to be directly accountable for the pavment of
student allowances. This new system, like any other new system, is bound to present new and unforeseen challenges.
Acting in good faith and to the benefit of the students, we can collectively resolve the challenges. It is this constructive and solution-orientated posture that we all need. The alternative is focusing on magnifying complaints and throwing accusations, which will not be helpful.
We would like to extend appreciation to all stakeholders who are playing a constructive role in the resolution of the challenges related to Direct Payments.
Contact National Student Financial Aid Scheme:
- 4 Christian Barnard Street, Cape Town City
- Centre, Cape Town, 8000
- Private Bag X1, Plumstead, Cape Town, 7801
- T: 0800 067 327 | 021 763 3200
- E: info@nsfas.org.za