NSFAS to release funds to institutionsThe National Student Financial Aid Scheme (NSFAS) will start processing payments to institutions and paying student allowances from Friday, 8 April 2022. Image source: © Leon Swart – 123RF.com In a statement issued on Tuesday, NSFAS confirmed that it has received the first tranche of its budgetary allocation for the first quarter of the financial year. “An official communication has been sent to all institutions on the allowance payment process. The institutions that have complied with the 2022 approved NSFAS Eligibility Criteria and Conditions for Financial Aid will receive payment from NSFAS. “The communique from NSFAS further requests institutions to abide by the funding rules set out in the NSFAS Eligibility Criteria and Conditions for Financial Aid, when disbursing funding to students,” NSFAS said. You qualify to apply for a bursary if:
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