Rhodes University NSFAS Online Application 2021-2022
So you are interested in applying for the Rhodes University NSFAS Student aid for ?, then youve come to the right place. On this page we are happy to present to you the details and steps required in successfully applying for your NSFAS loan. It should be noted that this loan was created by the South African government to meet the needs of needy students who demonstrate a potential for academic success. These students typically belong to households that make less but not more than R600000 a year.
The Rhodes University NSFAS Application is simple and straightforward. A student will have to create a mynsfas Account, then proceed to fill an online application form. Details of the steps below are outline below.
NB: Students who already applied for and received NSFAS funding do not need to reapply. Such students will simply have to sign an agreement form, after which loans will be released. It should be noted that a student must meet the necessary requirement of attaining a progressive score of at least 50% to remain eligible. Students who fall below this score are likely to be excluded from funding.
The NSFAS loan is widely misconceived as a bursary, this is NOT true. This student aid is a loan facility made available by the government to support needy students. There are however special situations where a portion of the loan is converted into a bursary based on academic performance. This bursary may be as much as 40% of the loaned amount.
Below are the necessary documents required to start your application.
To be eligible, students must:-
- Be South African citizens;
- Be studying for a first qualification;
- Be financially needy;
- Demonstrate the potential to succeed academically.
To calculate the value of the loan to which a student is entitled, the NSFAS Means Test is used. Students with a gross annual family income in excess of R180 000 will seldom be eligible for funding.
Limited funds are available so applicants will not necessarily be granted funding from NSFAS. It is important, therefore that applications are submitted as early as possible.
If a student passes all subjects in the year that funding is obtained from NSFAS, 40% of the value of the NSFAS loan is converted into a bursary and is credited to the student’s NSFAS accounting during the course of the following year.
The student will be asked to start repaying the loan once employed and earning a salary in excess of R26 300 per year. Repayments will be based on the individual’s earnings.
For 2009, the interest on the loan is 7.6%. This amount is reviewed annually.
WHERE DO YOU APPLY?
- You can apply online via www.nsfas.org.za OR
- You can collect and drop off your complete paper NSFAS application and ALL required documents at NYDA Offices. To find your closest office, visitwww.nsfas.org.za/content/howtoapply.html#account3
Rhodes University NSFAS Application Closing Date
Please note the following important information:
- The deadline for NSFAS funding is 30 November. No late applications will be accepted. For more information on the application process or to apply, please visit www.nsfas.org.za or call 086 006 7327.
- The closing date for applications for other funding opportunities will be communicated at a later stage. Please note, however, that ALL applications for funding must be submitted via the NSFAS website: www.nsfas.org.za
Rhodes University NSFAS Contact Details
The Undergraduate Financial Aid Offices are situated in Eden Grove
Should you have any queries relating to undergraduate financial aid, please contact our offices:
P. O. Box 94
Tel: (046) 603 8248
Fax: (046) 603 8300
Web: Undergraduate Financial Aid
The Postgraduate Financial Aid Offices are situated in the Main Administration Block in Room 206
Should you have any queries relating to postgraduate financial aid, please contact our offices:
P. O. Box 94
Tel: (046) 603 8755
Fax: (046) 603 8822