NSFAS Mission, Vision And Value Proposition

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.