How to Cancel NSFAS to Receive an SASSA SRD Grant Explore the detail about How you can Cancel NSFAS to Receive an SASSA SRD Grant this article provide Complete Guide.
What is NSFAS?
The National Student Financial Aid Scheme
(NSFAS) is the government student bursary
and loan scheme that receives its funding
budget from, and reports to the Department
of Higher Education and Training.
What is SASSA Grant
The SRD Grant though, it is a temporary grant, which the South African government put into place for individuals and households who are in distress as a result of COVID-19. In the case of the NSFAS and the SRD Grant, both target the provision of financial support; the former addresses different categories of people and has distinct eligibility requirements.
Reason for NSFAS Cancelletion?
Students who have a change in their financial situation or who get other funding sources may need to cancel their NSFAS application. Keeping correct records with NSFAS is very important. An application that is not canceled can cause avoidable administrative problems and may even harm future funding chances.
Considerations To Make Before Cancellation
Rescission of a NSFAS funding is a heavy action. Here are a few factors that should be looked into critically:
Impact on Education: The NSFAS funding assists with your
education. Therefore, withdrawing it may mean that you do not have spare cash
to pay your school fees, rent, among other important things
since you will be expected to fund yourself.
Repaying NSFAS Loan: In case you have been given a
NSFAS scholarship before (which at the same time is a loan) in the event of
discontinuing studies you will be needed to return the funds by the time
graduating or quitting school. Cancellation could push your repayment
schedule to a later date.
Consider Other Funding Sources: Look for other funding
options such as bursaries, scholarships, or part-time work and do not jump
towards cancelling NSFAS.
Applying for SRD Grant: Check if you qualify for the SRD grant
before deciding to cancel NSFAS. Such information is available on SASSA’s
website.
How to Cancel NSFAS Application
To cancel your NSFAS application, follow these steps:
- Visit the NSFAS website and log into your MyNSFAS Account.
- Click on ‘Track Funding Progress’.
- Select ‘Cancel Application’.
NOTE: All the information will be sent online, and you don’t have to submit any documents.
Applying for the SRD Grant
After successfully cancelling your NSFAS application, you can now apply for the SRD Grant. Here are the steps to do so:
- Visit the SASSA SRD website.
- Enter your Mobile Number and click ‘send SMS’.
- You’ll receive a One Time Pin (OTP).
- Enter the OTP and continue to complete the SASSA R350 application by filling in the required information.
