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How NSFAS plans to help students affected by COVID-19

Published May 11, 2020

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DURBAN - The National Student Financial Aid Scheme (NSFAS) has announced that they will be activating a business continuity plan to ensure uninterrupted funding to students for 2021.

Although 2021 students may be treading in deep water in the coming months, NSFAS was swift in their response to ensure that the problem be mitigated.

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The organisation also urged students to open up their own bank accounts so payments can be made more efficiently. “We are urging students to open up bank accounts to ensure more efficient disbursements of funds from institutions where applicable,” said NSFAS in a statement.

“Going forward, NAFAS is working on a banking model that will eliminate all intermediaries in the disbursements value chain and facilitate direct deposits from NSFAS into student bank accounts,” they said.

Most applicants make use of their mid-term results to complete the Central Application Office form, however it may prove difficult given that the mid-term examination could be postponed.

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