important information pertaining to a nsfas loan

NATIONAL STUDENT FINANCIAL AID SCHEME
FINANCIAL
SUPPORT SERVICES
POTCHEFSTROOM
CAMPUS
IMPORTANT INFORMATION PERTAINING TO A NSFAS LOAN

The main objective of the “National Student Financial Aid Scheme” (NSFAS) is to provide financial aid by
means of a loan scheme to students who have the academic potential and is financially needy. If your annual
gross income is more than R160 000, it is not likely that you will qualify for this loan. Should there be two or more
students in one household, the cut-off will be approximately R200 000, subject to the availability of funds.

If a student passes all his/her study modules during the year, a portion of the loan will be converted into a bursary.
The maximum conversion from loan to bursary will be 40% of the annual loan amount.

The interest rate is fixed on 80% of the repo rate and is amended annually on the 1 st of April. Interest on the loan
will be raised from the 1st of April during the year that the loan has been approved.
Repayment of the NSFAS loan will commence once the student has completed the degree and is earning a steady
income.
The NSFAS Council determines the minimum and maximum amounts to be allocated by each institution and the
amounts may vary annually.
The mandatory National Means-Test is applied to all applications to determine the value of the loan amount. An
Expected Family Contribution (EFC) towards study fees might be required depending on the gross income of
the parent(s)/guardian(s).
All other bursaries that the student will receive whether from University funds or independent bursars, has to be
taken into account when the University applies the Means-Test and has to be deducted from the NSFAS loan
allocation.




ACADEMIC REQUIREMENTS

First year students must have obtained an APS-score of 22 during their final Grade 12 exams and must apply for
NSFAS before 30 October of the preceding year of study.

Senior students must pass at least 60% of the modules taken to be allegeable for a NSFAS loan in the next year.
The closing date for senior students is 30 September annually.
PLEASE READ THROUGH CAREFULLY BEFORE COMPLETING THE APPLICATION FORM
 APPLICATIONS WITHOUT A STUDENT NUMBER AND/OR INCORRECT/INCOMPLETE FORMS CANNOT
BE PROCESSED AND MAY LEAD TO DISAPPROVAL OF THE APPLICATION.
 Attach a COPY OF YOUR BARCODE IDENTITY DOCUMENT that is certified on the same side as the
picture and not on the backside. Only South African citizens may apply for the loan.
FAMILY DETAILS
1.
2.
3.
Attach the most recent proof of income of PARENT(S)/GUARDIAN(S)/SPOUSE OR ANY OTHER MEMBER
OF THE HOUSEHOLD THAT EARNS AN INCOME (salary-/pension slips not older than three months). It is of
great importance to determine the financial status of the family. PROOF OF INCOME (by means of sworn
statement and 6 months’ bank statements, not older than three months) must be attached if you don’t receive a
salary-/pension slip.
A sworn statement (not older than three months) must be attached if your MOTHER/GUARDIAN/SPOUSE IS
A HOUSEWIFE.
A certified copy of the PENSION
SLIP (not older than three months) of your
PARENT(S)/GUARDIAN(S)/SPOUSE or any other member of the household must be attached if he/she is a
PENSIONER.
4.
5.
6.
7.
8.
9.
10.
11.
A
sworn
statement
(not
older
than
three
months)
must
be
attached
if
your
PARENT(S)/GUARDIAN(S)/SPOUSE is UNEMPLOYED.
WRITTEN CONFIRMATION FROM A
COMMUNITY LEADER for example the preacher, attorney or social worker must be attached in addition.
If your PARENTS are SEPARATED but not legally divorced, a sworn statement (not older than three months)
in that regard must be submitted by one of the parents and PROOF OF INCOME (not older than three months)
OF BOTH PARENTS must be attached.
A certified copy of the DIVORCE ORDER must be attached if your PARENTS are LEGALLY DIVORCED.
PROOF OF INCOME OF BOTH PARENTS (not older than three months) must be attached.
If the PARENTS are DECEASED, a CERTIFIED COPY/COPIES OF THE DEATH CERTIFICATE(S) must be
attached.
In the instance of FARMERS and BUSINESSES, the most recent (not older than one year) TAX
ASSESSMENT (IT34) AND most recent FINANCIAL STATEMENTS of the farm/business must be attached.
If your parents’ assets were LIQUIDATED and/or placed UNDER ADMINISTRATION, attach PROOF OF
INCOME as well as proof of LIQUIDATION- AND/OR ADMINISTRATION ORDER.
If you are under GUARDIANSHIP, attach a copy of the COURT ORDER or submit a sworn statement of the
guardian(s). GRANDPARENTS OR OTHER FAMILY MEMBERS CAN NOT ACT AS GUARDIANS IF THE
BIOLOGICAL PARENTS ARE STILL ALIVE EXCEPT IF A COURT ORDER WAS ISSUED (CERTIFIED
COPY OF THE COURT ORDER MUST BE ATTACHED).
Attach copies of IDENTITY DOCUMENTS of the APPLICANT AND ALL MEMBERS OF THE HOUSEHOLD
that has been certified on the same side as the picture and not on the backside of the copy.
CLOSING DATE FOR APPLICATIONS
PROSPECTIVE FIRST YEAR STUDENTS
nd
rd
30 OCTOBER
th
SENIOR STUDENTS, MEANING 2 , 3 AND 4 YEAR STUDENTS
30 SEPTEMBER
STUDENTS MUST APPLY ANNUALLY BEFORE THE CLOSING DATE
TEL
MAIL
COURIER
WEB
POTCHEFSTROOM
VAAL TRIANGLE
MAFIKENG
018 299-2045 / 018 299-2046 / 018 299-2052
016 910-3134 / 016 910-3157
018 389-2372 / 018 389-2330
NWU
Financial Support Services
Private Bag X6001
POTCHEFSTROOM, 2520
NWU
Vaal Triangle Campus
PO Box 1174
VANDERBIJLPARK, 1900
NWU
Mafikeng Campus
Private Bag X2046
MMABATHO, 2745
NWU
Financial Support Services
4 Hoffmanstreet
Building F19
POTCHEFSTROOM, 2520
NWU
Vaal Triangle Campus
Van Eck-Boulevard
VANDERBIJLPARK, 1900
NWU
Mafikeng Campus
Corner of Albert Luthuli & University drive
MMABATHO, 2745
www.nwu.ac.za
NATIONAL STUDENT FINANCIAL AID SCHEME
APPLICATION FOR A NSFAS LOAN FOR THE YEAR: 20….…..…
FINANCIAL SUPPORT SERVICES
SECTION A: STUDENT’S PERSONAL DETAILS
Your full name
Title
Full Names
Surname
Your ID number
Date of birth
YYYY/MM/DD
ATTACH A CERTIFIED COPY OF ID
Name known by
Institution
POTCHEFSTROOM
VAAL TRIANGLE
MAFIKENG
Student Number
On which Campus are you going to register?
Marital status
Are you a final year student?
YES
NO
Single / Married / Divorced / Widowed / Separated / Other arrangement:
Please provide your family residential address below:
Residential
Address
Physical
Postal
Postal Code
Postal Code
Where will you be living while you are studying at this institution?
Living in on-campus, self catering residence
From out of town, living off-campus (eg renting through landlord
or agency)
Living at home (as per address above)
From the local town but not living at home
Living in full catered on-campus residence
Address while studying
Your contact telephone numbers
(Please indicate full street
Home
address/name of residence)
Cell
Postal Code
Home Language
Preferred Language
Your e-mail address
Ethnic Group/Race (for
statistics only)
Gender:
English / Afrikaans
Please provide an e-mail address which you use most frequently and
have daily/weekly access to
Male
African / Coloured / Indian / White / Other (please specify)
Female
Are you a person with a disability
If YES, please specify
nature of disability
YES
/
NO
SECTION B: DETAILS OF FAMILY
What is your parent’s marital status as of today?
Are one/both parent(s) deceased?
*If YES, please indicate which parent
Married / Divorced / Widowed / Separated
YES / NO
If NO, please complete sections B1 and B2 below.
Mother
(please proceed to section B2 OR B3 if applicable)
Father
(please proceed to section B1 OR B3 if applicable)
If both parents are deceased, please provide details of the legal guardian or caregiver with whom you are living or who has assumed responsibility for your
care and financial support (please proceed to Section B3).
For the sections below, please provide the details of the parents/legal guardian/step-parent who will be responsible for contributing to the costs of your
studies and supporting you financially during your studies. ALL applicants must complete Sections B4 and B5.
SECTION B1: DETAILS OF MOTHER / STEPMOTHER
Full name
Title
Full Names
Surname (as per ID book)
ID number
Date of birth
YYYY/MM/DD
Home address
Postal Code
Contact number
Occupation
Employed by
*Unemployed
YES / NO
*Claiming UIF?
YES / NO
(Name of company or individual)
Source of income
* Wages
Weekly
Monthly
(please tick the relevant box)
* Salary
Fortnightly
Monthly
Other
Daily
* Interest from investment
* Business profit (eg. Taxi, hawker, SME)
* Contribution from maintenance payments
* Social Grant
Gross earnings per year
R
Type
(Describe)
Does your mother pay tax?
* If YES, please provide income
tax number
YES / NO
SECTION B2: DETAILS OF FATHER / STEPFATHER
Full name
Title
ID number
Full Names
Surname (as per ID book)
Date of birth
YYYY/MM/DD
Home address
Postal Code
Contact number
Occupation
Employed by
*Unemployed
YES / NO
*Claiming UIF?
YES / NO
(Name of company or individual)
Source of income
* Wages
Weekly
Monthly
(please tick the relevant box)
* Salary
Fortnightly
Monthly
Other
Daily
* Interest from investment
* Business profit (eg. Taxi, hawker, SME)
* Contribution from maintenance payments
* Social Grant
Gross earnings per year
R
Type
(Describe)
Does your father pay tax?
* If YES, please provide income
tax number
YES / NO
SECTION B3: DETAILS OF LEGAL GUARDIAN / APPOINTED CAREGIVER / OTHER PERSONS PROVIDING
FINANCIAL SUPPORT TO THE STUDENT
Were you appointed by a court of law to act as the legal guardian of the student in this applications?
YES * / NO
Were you appointed by the applicant’s deceased parents?
YES * / NO
Full name
Title
Full Names
Surname (as per ID book)
ID number
Date of birth
YYYY/MM/DD
Legal guardian / caregiver marital status
Married / Divorced / Widowed / Separated
Home address
Postal Code
Contact number
Occupation
Employed by
*Unemployed
YES / NO
*Claiming UIF?
YES / NO
(Name of company or individual)
Source of income
* Wages
Weekly
Monthly
(please tick the relevant box)
* Salary
Fortnightly
Monthly
Other
Daily
* Interest from investment
* Business profit (eg. Taxi, hawker, SME)
* Contribution from maintenance payments
Gross earnings per year
R
* Social Grant
Type
Does your guardian/caregiver pay
tax?
* If YES, please provide income
tax number
(Describe)
YES / NO
SECTION B4: DETAILS OF FAMILY STRUCTURE
1.
2.
3.
Starting with the student, list ALL family members (including parents) residing permanently in your home that is
dependent on the parent(s)/guardian’s income.
Attach a copy of EVERY PERSON on this list’s Identification document or birth certificate.
If other siblings are students registered at a tertiary institution, attach proof of his/her registration.
Title
Initial(s)
Surname
Relationship to applicant
1
Age
Currently busy with
1
Spouse / Partner / Brother / Sister / Daughter / Son / Uncle / Aunt / Grandparent / Other
2
Primary school / Secondary school / Out of school / Unemployed / Employed / University / FET College / Other
Are any of the siblings listed above studying at a tertiary institution?
YES
2
NO
If any of the family members above are employed, how much income does he/she earn?
SECTION B5: DETAILS OF NEXT OF KIN
In the event of an emergency, the institution or NSFAS may need to contact the applicants’ next of kin. A next of kin is a direct family member, other than
your parents or legal guardian, not living with you.
Full name
Title
Full Names
ID number
Surname (as per ID book)
Date of birth
YYYY/MM/DD
Home address
Postal Code
Contact number
How is this person related to the applicant?
SECTION C: PARTICULARS OF COURSE
Are you a first-time applicant for financial aid?
Qualification type: (please tick)
(please tick)
YES
Degree
Name of qualification (eg B Sc, B Eng, B Ed)
Course of study (eg Conservation, Civil Eng, Foundation Phase)
Year first registered for this course (eg 2006)
Current year of study (eg year 1)
NO
Diploma
SECTION D: FINANCIAL DETAILS OF APPLICANT AND/OR FAMILY SUPPORTING APPLICANT
Students who are working and self-supporting/self-financing their studies should complete Section D1. Students who are still dependent on family support
for financing their studies should complete Section D2.
SECTION D1: APPLICANT’S EMPLOYMENT STATUS
Name of employer
Occupation
Address of employer
Postal Code
Telephone number
Cellphone number
E-mail address
SECTION D2: FINANCIAL STATUS OF FAMILY
Does your parents/guardian own a fixed property (eg. house)?
What type of home do you live in?
Do you have a bond/mortgage on this property?
If YES, what is the
approximate value?
YES / NO
House
YES / NO
Flat
On a farm
Informal settlement
If YES, monthly repayment
Rent
SECTION E: DECLARATION BY APPLICANT (OR PARENT IF APPLICANT IS UNDER THE AGE OF 18 YEARS)
Are you currently under an administration order?
YES
NO
I, the undersigned, declare that the information provided in this application form is correct, and I have included all information on family
income to the best of my knowledge. I understand that the information requested in this form may have to be verified for purposes of a
fair allocation of loan/bursary award. I understand that, should any relevant information have been omitted or found to be incorrect,
disciplinary action will be taken by the University, which could result in any/all funding being cancelled/revoked. I consent to the
Financial Aid office giving details of my academic record and financial profile to NSFAS and other donors.
Signature
*
Date
Indicates that written proof/evidence is required (eg. ID book, death certificates, divorce papers, income tax form).
FSBRV-SAVDW/FSS BURSARIES/NSFAS/POTCH
CHECKLIST FOR COMPLETENESS OF NSFAS APPLICATION FORM
Complete
Incomplete
STUDENT NR …………………………… INITIALS & SURNAME …………………………………………………….……….…..…..
CORROBORATIVE DOCUMENTATION
ATTACHED
YES
1
Section A:
Certified copy of ID document of student
2
Section B:
Certified copy of death certificate(s) of parent(s)/guardian(s) if applicable
3
Section B 1, 2, 3:
Certified copy of parents marriage certificate. If separated, a copy of decree of divorce and proof
of allimony received
4
Section B 1, 2, 3:
PROOF OF INCOME
NO
Parent(s)/guardian(s) employed – Certified copy of salary/wage slips of both parents
Parent(s)/guardian(s) own or belong to a CC and/or a PTY (LTD) – Income statement, Balance
Sheet, Cash Flow statement, Income Tax Certificate and Income Tax Return of business
Parent(s)/guardian(s) is/are earning commission – IRP 5 AND bank statements of 6 months
Parent(s)/guardian(s) is/are sole proprietor – Salary/wage slips AND bank statements of 6 months if
allimony has been received
Parent(s)/guardian(s) is/are informal trader/hawker – Proof of income AND bank statements of 6
months
Parent(s)/guardian(s) is/are unemployed – Affidavit(s), UIF card AND bank statements of 6 months
Parent(s)/guardian(s) is/are elderly, disabled or sickly – Affidavit AND bank statements of 6 monts
5
Section B 4:
Certified copies of ID document or birth certificate of ALL family members
6
Section B 4:
Certified copy of proof of registration if there is more than one student in the family
_______________________________________
INITIAL(S) & SURNAME OF STAFF MEMBER
_____________________________
SIGNATURE OF STAFF MEMBER
______________
DATE
OFFICE USE
AMOUNT AWARDED
R
BURSARY OFFICIAL
HEAD: FSS
DATE OF PROCESSING