The conditions of the NSFAS are that the amount of the loan inscribed in the loan agreement is paid under the student account to the university, for the academic account, the home, student fees and other similar costs for the continuation of the studies for which the student is registered. No credit advance is granted unless the loan agreement has been signed. “We make sure our students understand the risks, costs and obligations of the financial assistance they receive. Therefore, the signing of the agreement is mandatory and it is customary for all institutions that provide financial assistance in South Africa to provide financial support,” said Kagisho Mamabolo, spokesperson. The NSFAS will not process tuition fees for students who have not signed their contracts. All students receiving assistance are required to recognize that they understand the conditions and level of funding in the LAF/SOP FRAMEWORK. Now that we have done so, we call on students to do their part and sign the agreements to their own advantage. No credit contract can be entered into without the signing of the form and the acceptance of the contract. The National Student Financial Aid Scheme (NSFAS) invites the 63,558 students who have received funding and have not yet signed their loan forms (LAF) and calendars (SOP) to do so as soon as possible or before May 31, 2017 at their respective universities and TVET colleges. “It is our responsibility, as stated in the National Credit Act 34 of 2005, that we must conduct a detailed financial assessment on behalf of the client before entering into a credit contract with a consumer. Once you have signed, you will see a notification that the terms and conditions of the agreement have been forwarded, indicating that you have successfully signed. To sign an LAF/SOP, a student can simply visit the NSFAS website – www.nsfas.org.za, click on your LAF/SOP link sign, and enter an ID number into the search engine.
The details are then displayed on the screen. The OTP is sent by SMS to the mobile phone number registered at NSFAS. Siphi MatomelaCell: 074 851 5277E-Mail: firstname.lastname@example.org The email contains a link to the online portal, click on the link. You need to enter your ID number to get a one-stroke pin (OTP). However, students receiving financial assistance will continue to receive (automatically) assistance until they have completed their studies, provided they reach the 50% threshold. Affected students could expect NSFA funding to be withdrawn if they do not meet their funding commitment, even though they have been approved for 2017 funding. If you have changed your mobile phone number, email the following support documents to email@example.com to update your data: You will receive an email notification to log in online. Questions/interviews:Mandy AbrahamsTel: 021 763 3200.