NSFAS definition

NSFAS means the National Student Financial Aid Scheme established by section 3;

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NSFAS means the National Student Financial Aid Scheme established in terms of the National Student Financial Aid Scheme Act 56 of 1999, and has the same meaning as “the Scheme”;

NSFAS means the National Student Financial Aid Scheme established in terms of the National Student Financial Aid Scheme Act 56 of 1999 and has the same meaning as “the Scheme”;

Examples of NSFAS in a sentence

• However, NSFAS will be entitled at its absolute discretion and at any time to cede, assign, transfer or delegate any or all of its rights and obligations under this agreement to any natural or juristic person of its choice.

• The student will not be entitled to cede, assign, transfer or delegate any of his/ her rights or obligations under this Agreement without the prior written consent of NSFAS.

• In the event that a student is eligible for NSFAS funding but is registered for a course that is not funded, NSFAS will not fund that student.

• In the event that the student is found to be funded incorrectly and further fails to repay the total amount of the Bursary, NSFAS shall be entitled to submit adverse information concerning the student to a credit bureau.

• Successful NSFAS applicants shall be eligible for NSFAS financial aid in the form of abursary.

• NSFAS undertakes to ensure that it respects and maintains the privacy and confidentiality of any personal information and data that it may obtain or gain access to and undertakes that it will not process any of the student’s personal information without his/her prior written consent.

• The Bursary Agreement between the student and NSFAS shall become effective (“Effective Date”).

• The NSFAS funded student shall, in the second year of study and every year thereafter, for the duration of the qualification participate in community service or special project work as prescribed by the DHET National Rules and Guidelines.

• NSFAS is permitted to terminate this Agreement if the student does not comply with it or is found to be ineligible for funding.

• If the Bursary converts to a Loan in terms of this Agreement the Loan Amount is the principal debt owed by the Student to NSFAS, as contemplated at section 101(1 )(a) of the Credit Act.

More Definitions of NSFAS

NSFAS means the National Student Financial Aid Scheme, a statutory body established in accordance with the National Student Financial Aid Scheme Aid, 56 of 1999;

NSFAS means the National Student Financial Aid Scheme, established in terms of section 3(1) of the National Student Financial Aid Scheme Act 56 of 1999;

NSFAS means the National Student Financial Aid Scheme, incorporated in accordance with section 3 (1) of the National Student Financial Aid Scheme Act 56 of 1999;

NSFAS means the National Student Financial Aid Scheme established in terms of the National Student Financial Act, 199 (Act No. 56 of 1999);

NSFAS has the right, in terms of clause 1.2 of the Loan Conditions, to reduce this amount.