NSFAS Student Loans – Financial AidThe NSFAS loans are available to South African students who are enrolled in one of the 25 public universities of the country. They are designed to help you cover all of your expenses including tuition fees, accommodation cost, food and travel expenses and spending on books and materials.
The granted loan amount is determined on an individual basis. The interest rate is 80% of the repo rate. This makes it considerably lower than the interest rates charged by banks.
There are no financial or collateral requirements which parents, guardians or sponsors have to meet.
The repayment of the government student loan begins only after you graduate and start earning an income which is higher than R30,000 per year.
If your annual income is lower than R59,000, the payments will be 3% of your yearly salary. If it is higher, then they will be equal to 8%.
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- NSFAS status
- NSFAS login
- NSFAS 2018
- NSFAS online application 2019
- NSFAS login 2018
- NSFAS sop
- NSFAS 2019
- www.nsfas.org.za online application 2018