National Student Financial Aid Scheme Act, 1999 |
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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: February 2021
Copyright: This Act reproduced under Government Printers Copyright Authority 10154 dated 20 March 1996
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The National Student Financial Aid Scheme Act 1999, is hereby updated by the repealing of Regulation 1 on Additional Functions assigned to NSFAS by the Minister as per Notice No. 67 of GG 44128, dated 1 February 2021.
The National Student Financial Aid Scheme Act 1999, is hereby updated by recording the Extension of the period of appointment of the administrator of the related scheme as per Notice No. 1022 of GG 43739, dated 28 September 2020.
The National Student Financial Aid Scheme Act 1999, is hereby updated the appointment of the administrator of the related scheme as per Notice No. 1107 of GG 43662, dated 22 August 2020.
The National Student Financial Aid Scheme Act 1999, is hereby updated by recording the Extension of the period of appointment of the administrator of the related scheme as per Notice No. 915 of GG 43637, dated 21 August 2020.
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.
The National Student Financial Aid Scheme Act 1999, is hereby updated by Regulations on Additional Functions assigned to the NSFAS as per Notice No. 413 of GG 41554, dated 3 April 2018.