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Do I Have to Pay NSFAS Back?



Do I Have to Pay NSFAS Back?

Do I Have to Pay NSFAS Back? The National Student Financial Aid Scheme (NSFAS) is a vital resource for countless students in South Africa, providing financial assistance to those who might not otherwise afford tertiary education. However, many recipients often wonder about their obligations regarding repayment. Let’s delve into the details.

Understanding NSFAS Repayment

NSFAS operates on the principle of providing interest-free loans to eligible students. The repayment process typically begins once the beneficiary has completed their studies and meets specific financial criteria.

Do I Have to Pay NSFAS Back?

Repayment to NSFAS only commences after you have completed your studies, whether you’ve graduated or left the university or college. Additionally, you’re only required to start repayment once you’ve secured employment or engaged in business activities and earn an annual income of R30,000 or more.

Grace Period for Students and Unemployed Individuals

If you’re still pursuing your studies or are currently unemployed, you’re exempt from making repayments. This grace period acknowledges the financial challenges often faced by recent graduates or individuals seeking employment opportunities.

Importance of Compliance

While the prospect of repayment might seem daunting, adhering to NSFAS repayment policies is crucial. Not only does it ensure the sustainability of the scheme, but it also enables future generations to benefit from the same opportunities.

Managing Repayments

NSFAS offers various repayment options to accommodate diverse financial circumstances. These include income-based repayment plans and provisions for temporary payment breaks in case of financial hardship.


The obligation to repay NSFAS loans arises after you’ve completed your studies and achieved a certain level of financial stability. Until then, students and unemployed individuals can focus on their academic pursuits without the burden of repayment. Understanding these repayment dynamics is essential for responsible financial planning and contributing to the sustainability of NSFAS for future generations.

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