NSFAS opens loan applications for missing middle students

The National Student Financial Aid Scheme.
Reading Time: 2 minutes

The National Student Financial Aid Scheme (NSFAS) has opened its loan funding scheme for the missing middle students. These are students whose combined household income is between R350 000 and R600 000 per annum.

The closing date for the applications is February 15.

This comes after a meeting between the NSFAS Board and the South African Union of Students (SAUS). The meeting discussed the readiness of NSFAS for the 2024 academic year.

SAUS Secretary-General Lukhanyo Daweti says the two-week extension is sufficient.

“They wanted to also open for another cycle but we said we know for a fact that from the applications you have received, there are some that you have rejected. From the applications that you have rejected based on income, NSFAS goes back to that pool and verifies who is between R350 000 and R600 000. You identify those people, send them an SMS that you don’t qualify for a bursary but you do qualify for an NSFAS missing middle loan. Are you interested? So that one has been resolved and it has started happening.”