Students risk losing funding

2017-05-24 06:01

The National Student Financial Aid Scheme (NSFAS) calls on all students who have not yet signed their loan agreement forms to do so before the deadline of 31 May.

According to the scheme, about 63 558 students have not signed their loan agreement forms (LAF) and schedules (SOP).

The students are advised to sign documents at their respective universities and TVET colleges.

Kagisho Mamabolo, spokesperson, said affected students could possibly face retraction of NSFAS funding if they failed to honour their obligation, despite being approved for the 2017 funding.

“The NSFAS terms and conditions state that the loan amount recorded in the loan agreement will be paid as a credit to the student account with the university, for the academic, residence and student levies, as well as similar costs of pursuing the course of studies for which the student is registered,” said Mamabolo.

“No loan advance will be made unless the loan agreement has been signed.

“It is our responsibility, as stated in the National Credit Act 34 of 2005, that prior to entering into any credit agreement with a consumer, we must conduct a detailed financial assessment on behalf of the client,” said Mamabolo.

He said funded students who were eligible for financial assistance would continue to receive funding (auto­matically) until they complete their studies, provided they achieve the 50% pass mark.

To sign a LAF/SOP, a student can visit, click on the sign your LAF/SOP link, and then enter an ID number into the search engine.


Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.