National Student Financial Aid Scheme Act, 1999 (Act No. 56 of 1999)

Chapter 2 : Establishment, Composition, Governance and Functions of NSFAS

The functions of the NSFAS are–

a)	to allocate funds for loans and bursaries to eligible students;

b)	to develop criteria and conditions for the granting of loans and bursaries to eligible students in consultation with the Minister;

c)	to raise funds as contemplated in section 14(1);

d)	to recover loans;

e)	to maintain and analyse a database and undertake research for the better utilisation of financial resources;

f)	to advise the Minister on matters relating to student financial aid; and

g)	to perform other functions assigned to it by this Act or by the Minister.