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National Student Financial Aid Scheme Act, 1999

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To establish the National Student Financial Aid Scheme (NSFAS); to provide for the management, governance and administration of the NSFAS; to provide for the granting of loans and bursaries to eligible students at public higher education institutions and for the administration of such loans and bursaries; to provide for the recovery of loans; to provide for the repeal of the Provision of Special Funds for Tertiary Education and Training Act, 1993; and to provide for matters connected therewith.

 

Last update: May 2003


Copyright: This Act reproduced under Government Printers Copyright Authority 10154 dated 20 March 1996


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Latest Developments:

 

The National Student Financial Aid Scheme Regulations dealing with income contingent loan repayments has been added to the Act as gazetted in – GG 22491 dated 19 July 2001.

 

Professor Kader Asmal has determined the 29 July 2000 as the date on which the Tertiary Education Fund of South Africa (TEFSA) ceases performing its functions and all assets that vest in TEFSA, then vest in the National Student Financial Aid Scheme (NSFAS).

Notice No. 35, calling nominations of members for the NSFAS Board, has been added to the Act.

The National Student Financial Aid Scheme Act, 1999, has been added to the site on 26 January 2000. A commencement date is still to follow.