NSFAS only provides financial aid in the form of loan or bursary. It helps those students who meet eligibility criteria to pursue their further studies.

What is meant by NSFAS?

NSFAS is basically a government entity. It is run by the higher education department and training program.

 It is basically a loan which provides students to get admission in their desired field (public university or TVET college) without taking any tension regarding finance.

Before 2017 NSFAS worked as a loan. But at the start of 2018, it also provides bursary scheme if you meet the required target

40% loan will be exempted if you perform well in your academic studies. While the rest will be repaid after the completion of graduation degree.

What is the meaning of Bursary?

Bursaries is a monetary award granted to students who get good marks in every subject of their module. It also provides due to monetary requirements or specific demographic elements but if you fail in any subject. It will be reduced comparatively.

However, Bursary might be offered by any educational government organizations, private corporations as well as non-profit companies.

It does not need to be repaid because it is a gift to extraordinary students. As they achieve good grades in their academics.

The eligibility criteria for NSFAS and other Bursaries

These are applicable only to those students who are:

• You must be South African citizen.
• Got admission in TVET college or any government university.
• With a Disability (household income is less than 6 lacs per annum). 
• Family income (household income: not more than 3 lacs per year).

Understanding the differences between NSFAS and other Bursaries

It is important for the students to navigate the differences between NSFAS and other Bursaries. There are many differences but we will explaining some below:

We are committed to provide you all the information which can be helpful for you to understand the whole eligibility criteria, download the complete NSFAS Guide 2024.

Conclusion

In this article, we explained what is the the differences between NSFAS and other bursaries, as well as their eligibility criteria. To sum up, NSFSA provides both loan and bursary too. It depends on certain factors whether you receive bursary or loan. It includes monetary need or educational performance. By understanding the differences between NSFAS and other bursaries, students can make better decisions according to their financial requirements. They can continue their further studies without financial worries.

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Before that you have to notify NFSAS and the new institution by providing proper details so that their funding may not be affected. Otherwise, you will face huge consequences by not receiving any financial support.

How to notify NSFAS when changing institutions?

NSFAS does not deprive you of changing the institution. But you can change only once. However, you obliged to update your information details on your NFSAS account. You have to complete the registration process at your new institution. As well as submit the new details on your NFSAS account for funding. Make sure your new institution must be in alliance with your old institution.

NFSAS will review your application and will not stop funding if you are qualifying for the funding. Once qualified they directly pay your tuition fees of your new institution. They also transfer the funding for your living expenses. But before changing the institution, you have to make sure that this institution is eligible for NFSAS funding. The South African public sector accepts NFSAS funding. But only a few private institutions are also included in NFSAS funding.

To Understand N+ Rule

According to NFSAS policy there is a limit set for the duration of student’s funding. N stands for minimum period for the completion of course. + is the additional period for students getting funds from NFSAS. Students who got registered in this scheme before 2018 acquire N+2 or additional 2 years of funding, while after 2018 only get an extra 1 year of funding.

Should I Reapply for NSFAS If I Change institutions?

Most of the students asked this question that they need to reapply for the National Aid funding scheme. Well, the answer is you don’t need to reapply for the application.

You just need to be accepted by the new institution. But ensure that your new institution sends your updated information to NFSAS to approve your funding for the new one. Otherwise, you will end up acquiring funding based on your old institution instead of new.

The Academic conditions For NSFAS Funding

Students must meet the following criteria to be eligible for NFSAS funding:

• Must acquire 50% marks in their academic studies.
• Should pass 50% courses in your academic year.
• N+L which described above Should not be exceeded.
• You can only change your course or institution once throughout your studies.

Which documents required by NFSAS for changing institution

NFSAS may require certain following documents when you change your institution:  

• Acceptance letter from your new institution.
• Registration proof of your new institution.
• Other relevant documents which are needed to be updated for the changing institution.

If I failed in my old institution, will NFSAS still fund me at my new institute

NFSAS will not stop your funding when you fail in your old institution. But premise is that you should pass at least 50% of your courses in your previous module.

However, you should get 55% marks in your current module. Otherwise, you will not be eligible for funding. Remember that students only receive funding as per N+ rules.

Conclusion

In this article we explained why you have to Notify NSFAS When Changing Institutions. You will get funds according to N+ rule. We also explained that reapplying for the application is not required. But make sure your new institution transfers your updated details to NFSAS to get funding according to the new institute.

Moreover, you can read in the above article which documents are required. As well as, when you fail in your old tuition which are the requirements to get NFSAS funding in your new one. Before changing institutions, always review whether this institution is eligible for NFSAS funding or not. Follow the link If you want to know the Differences Between NSFAS and Other Bursaries.

If you want to check your SASSA Status, CLICK HERE

The post How to Notify NSFAS When Changing Institutions appeared first on Clicko Tech.

The students who qualify for eligibility criteria can withdraw their grants through NSFAS eZaga. You must know how to use NSFAS eZaga Wallet 2024.  It allows you to withdraw or spend your amount at any registered Marchant by NSFAS. Grants will be given through consultation with institutions under the supervision of NSFAS when you are applying for registration. 

How to get started with NSFAS eZaga Wallet 2024? 

1. Visit the official site of SASSA https://srd.sassa.gov.za/sc19/status
2. Receive an SMS from NSFAS. 
3. Applicants should verify their accounts by typing *120*176# 
4. Enter the ID number and receive a password to withdraw the grants through Boxer, Pick n PAY, Usave, and Superstores. 
5. These retailers or super merchants have no limits to withdrawing the grants you can easily spend the maximum amount of your cash wallet.
6. Keep the password secure to have access to withdraw the grants anytime. 
7. NSFAS advised you to use celbux.appspot.com to make your password more secure.
8. Don’t share your mobile PIN or your Grants PIN with anyone. Keep your cell phone safe from others.  

Note: Please note that the students who are enrolled in the below institutes are eligible for NSFAS grants. 

How to register eZaga account?

1. Follow the steps to register your account at eZaga. 
2. To register your account at eZaga follow the link.
3. Enter your ID details and provide the information necessary information that is required. 
4. Take a print of your latest documents from the front side. 
5. Take a picture of your front side along with the document. 
6. Now, wait for the final decision. 
7. eZaga will send you a confirmation SMS. 
8. If you need any problem Ezaga will assist you. 

How To Use NSFAS eZaga Wallet 2024 Via Cardless Method 

NSFAS has advised the students to dial this code *120*001#. You get the voucher and if you haven’t get your voucher code. Your code will be sent to your phone numbers. You can withdraw your grant through Nedbank ATMs or the nearest retailers such as Pick n Pay, Shoprite, Checkers, Boxer, and U Safe. 

Moreover, NSFAS has facilities their services across the nation to collect the grant by visiting the office. NSFAS has adopted several methods to prevent security measures that would be safe for the students. 

1. Log into the eZaga App. 
2. Click on the Zaga app. 
3. Click on Nedbank ATM.
4. Enter the amount you would like to withdraw
5. You will receive the voucher code within one hour. 
6. Withdraw your money at the nearest office or retailer’s shop. 

Working Hours of Nedbank email eWallet

Monday to Friday                                         8 am to 6 pm

Saturday                                                        8  am to 12 pm

Sundays                                                        iMali are unavailable on Sundays

Public Holidays                                            iMali are unavailable on Public Holidays

What is Celbux NSFAS?

Celbux is also registered as a bank account in SASSA. Celbux doesn’t charge any charges to create an account. NSFAS Celbux system facilitates the students to send money to each other. You can use the NSFAS wallet easily. 

It provides an opportunity for students of NSFAS that they have access to monitor their funds. They can make their voucher to visit any supermarket affiliated with NSFAS and withdraw their voucher. Celbux is the easiest and most convenient way to withdraw money 

This system facilitates the user quickly and sends the statement notifications of funds. Students can easily check the funds in the NSFAS wallet by having access to the internet and mobile phones. 

How do I check my NSFAS Celbux Status? 

1. Visit the official site celbux.appspot.com
2. Read the instructions given on the screen 
3. Provide personal details such as username, password, and phone numbers. 
4. Finally, click the login tab 
5. You will check your Celbux NSFAS status. 

What is the Difference between Celbux and SBux? 

Celbux’s previous name was SBux, it didn’t allow the user to withdraw the cash voucher. NSFAS has made amendments now to awards, the students are allowed to withdraw the grants from their bank accounts through vouchers That’s why SBux has been changed to Celbux and named after the NSFAS wallet. 

Beneficiaries of NSFAS eZaga Wallet 2024

• NSFAS eZaga provides several benefits to the students.
• Students can withdraw their cash through ATMs or retail stores. 
• NSFAS facilitates its applicants to withdraw their amounts through online transactions.
• Provide an ID number.
• Provide a virtual card. 
• Provide facilities for transaction and balance inquiry from different platforms.
• Protection of Personal Act (POPIA) worked under NSFAS to protect the rights of students. 
• NSFAS provides a call center for further inquiry.

Conclusion

The NSFAS bank will assist in managing the student’s responsibility for finance. It provides students with funds through food, transport, and living standards. SASSA encourages the students to register themselves to NSFAS to get the grants on time. NSFAS will participate further in the development of the country. 

Queries

If you need assistance please contact NSFAS Toll-Free No: 08000 67327 or Send your queries and feedback to: info@nsfas.org.za

If you want to check your SASSA status… CLICK HERE

Frequently Asked Questions (FAQS)

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