NSFAS is a government loan scheme, with the added incentive of a maximum of 40% being converted into a non-repayable bursary depending on academic performance. The purpose of these loans is to assist financially-needy students who have the academic potential to succeed. As loans do not necessarily cover all costs, students are encouraged to seek additional funding from other sources. 

Only students whose GROSS combined family income (mother and father) does not exceed R140 000 per annum can apply. 

Application must be made on the prescribed application form BEFORE 30 October each year. Application forms are available from all financial aid offices from May each year. Incomplete application forms will not be considered.