National Student Financial Aid Scheme NSFAS Mission, Vision, and Value Proposition.
The National Student Financial Aid Scheme is a South African government student financial aid scheme that provides financial aid to undergraduate students to help pay for the cost of their tertiary education after finishing high school. It is funded by the Department of Higher Education and Training.
National Student Financial Aid Scheme NSFAS Mission
Our mission is to transform NSFAS into an efficient and effective provider of financial aid to students from poor and working-class families in a sustainable manner that promotes access to, and success in, higher and further education and training, in pursuit of South Africa’s national and human resource development goals.
The National Student Financial Aid Scheme (NSFAS) was established in terms of the National Student Financial Aid Scheme (Act 56 of 1999).
The mission statement is made up of three distinct elements, which describe why NSFAS exists and the impact on the constituency:
- NSFAS exists to provide financial aid to eligible students at TVET colleges and public universities;
- NSFAS identifies eligible students, provides bursaries, and collects past student loan repayments to replenish the funds available for future generations of students; and,
- NSFAS supports access to, and success in, higher education and training for students from poor and working-class families who would otherwise not be able to afford to study.
National Student Financial Aid Scheme NSFAS Vision
A model public entity that provides financial aid to all eligible public universities and Technical and Vocational Education and Training (TVET) college students from poor and working-class families.
National Student Financial Aid Scheme NSFAS Value Proposition
NSFAS supports access to, and success in, higher education and training for students from poor and working-class families who would otherwise not be able to afford to study.
External values towards our students and stakeholders:
- ACCESSIBILITY
We create an environment that allows efficient, effective, and direct access to NSFAS and the funding it provides to eligible students. - TRANSPARENCY
We are open and honest with all students and stakeholders. - AFFORDABILITY
We offer affordable solutions for students to study at public universities and TVET colleges. - RELIABILITY
We honor our commitments and strive to deliver on our mandate. - AUTHENTICITY
We protect our students and stakeholders by offering quality services and information.
Internal values towards our employees and the organization:
- INTEGRITY
We act with integrity towards all stakeholders and support clients that uphold the same values. - ACCOUNTABILITY
We take responsibility for our actions that drive performance management. - RESPECT
We treat all our staff members with respect and fairness. - INNOVATION
We strive to innovate in communicating with and serving students.
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