Vaal University of Technology

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What is NSFAS Loan

NSFAS loan is the study loan you borrow from NSFAS to cover the costs of your studies at any of the public universities or TVET’s in South Africa. The loan covers: tuition fees, residence or private accommodation, food, books and travel costs were applicable. This loan must be repaid to NSFAS when you finish studying and secure employment. Up to 40% of your NSFAS study loan may be converted into a bursary, which you do not need to repay, the bursary conversion is dependent your academic performance.