What does NSFAS stand for and how does this scheme assist students
Answers
Answer: NSFAS stands for National Student Financial Aid Scheme
Explanation:
- National Student Financial Aid Scheme is a full form of NSFAS.
- NSFAS is started by the Government of South Africa to support students of its country.
- Students who have completed their high school (secondary education) can get support through NSFAS.
- It is one type of scheme providing loans to the poor student to study undergraduate and graduate programs.
- Students should fulfill eligibility criteria for being eligible for the loan and after completion of the course and getting a job, he or she should repay that particular amount.
- One of the important advantages of NSFAS is a student can start repayment of loans only after being employed.
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What does NSFAS stand for and how does this scheme assist students
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What does NSFAS stands for
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The term NFSAS Stands for - The National Student Financial Aid Scheme
by the government of south Africa
Explanation:
The National Student Financial Aid Scheme (NSFAS) is a government based student bursary and loan scheme which receives its funding budget from the Department of Higher Education and Training.
This Financial Aid Scheme was established on the basis of the National Student Financial Aid Scheme Act 56 of 1999.
It provides Financial Aid to students in form of bursaries and loans in various public universities and Technical and Vocational Education and Training (TVET) Colleges in South Africa.
The Financial Aid provided by NSFAS includes tuition fees,
food, accommodation, books and travel allowances.
The loans borrowed are paid back to NSFAS once the student has graduated or left university or college and is employed with a minimum salary of R30 000 or more per annum. In case the student is still studying or unemployed, then they are not required to make the repayments.
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