Latest News Archive

Please select Category, Year, and then Month to display items

Everything you need to know about NSFAS Funding

01 January 2021

1. What is my NSFAS status?

Please log in on your MyNSFAS account to check your status (www.nsfas.org.za).

2. I forgot my password for my MyNSFAS account. What should I do?

Click on the ‘Forgot your password?’ link:

Nsfas 1

Nsfas edit

3. I forgot my username for my MyNSFAS account. What should I do?

Click on the ‘Forgot your password?’ link:

Nsfas 1

4. Do I have to pay for registration if my NSFAS funds were approved?

No, you do not have to pay for registration if your NSFAS funds are approved. Please note that Financial Aid will allocate your NSFAS funding on the UFS system, which will lift the registration pre-payment block for you to register without making any payment. Once the allocation is done, you will receive an SMS message to notify you.

5. I am funded by NSFAS – what should I do next?

The Financial Aid office at the UFS requests complete funded lists from NSFAS on a regular basis. Validation checks are done and an NSFAS allocation is made to qualifying students on the UFS system. Once the allocation is made, Financial Aid will inform the student via an SMS message. Please note that approximately five hours after allocation of the NSFAS funds, the registration prepayment block will lift automatically. You are now ready to register.

6. I am a NSFAS-funded student but did not receive an SMS from Financial Aid to confirm that my allocation was done. What should I do if I still need to register?

Please be patient.
Make sure that your cellphone number is correct on the university’s system.If you need to correct your number, please visit Student Academic Services.
However, if your funding has been approved by NSFAS for a week and you have not received the SMS, please visit the Financial Aid station/help desk.

7. I did not receive the NSFAS allocation SMS from the UFS, and the period for registration given to me when accepting the offer for admission has passed. Can I still register?

Please continue with online registration once you have received the SMS confirming your allocation.

8. I am a NSFAS student and I have outstanding fees. Will I be allowed to register?

The university is aware of your situation and will take the amount payable by NSFAS into consideration when you want to register. Please note that you will have to contact the Student Finance division.

9. I paid my own registration fees and received NSFAS thereafter. Can I get a refund?

Yes. However, you will have to apply for a refund. Financial Aid will communicate to all NSFAS students when refund requests may be submitted for registration fees paid. Any fees not paid by NSFAS (for example, fines, doctor’s fees, etc.) will be deducted from the amount paid and only the balance will be refunded. All refund requests for NSFAS students must be submitted to Financial Aid. Please note that a closing date for the submission of refund requests will be applicable.

10. When will I receive my first NSFAS allowances?

NSFAS allowances will be paid during the first week of each month over a period of 10 months. Please note that due to several variables a specific date for payment cannot be provided.

11. What NSFAS allowances do I qualify for?

Information will be provided for 2021 once the DHET Guidelines is available.

12. How will NSFAS allowances be paid?

NSFAS allowances will be paid in cash to the student via the Fundi system. Once the allowances are debited to your student class fee account, you will receive an SMS message from Fundi to upload your banking details. Fundi will confirm your banking details and payment will follow.

Please note that no payments will be made to a third party.

You only have to upload your banking details once. If you experience any problems with regards to the upload of your banking details please contact Fundi at +27 8 60 55 55 44.

13. I did not obtain my higher certificate last year and have to repeat some modules. Will I qualify for NSFAS?

Information will be provided for 2021 once the DHET Guidelines is available

14. Does NSFAS pay private accommodation deposits?

No, NSFAS does not pay private accommodation deposits or residence deposits.

15. How do I apply for private accommodation?

Please visit the UFS website for a complete guide:

Students

Financial Aid

16. How will the accredited private accommodation work?

If your landlord is not accredited, please refer him/her to the Department of Housing and Residence Affairs. No payments will be made in 2021 and onwards to landlords who were not accredited by the end of 2020.

17. When will I receive my NSFAS allowances?

NSFAS allowances will be paid during the first week of each month over a period of 10 months. Please note that due to several variables a specific date for payment cannot be provided.

18. Will NSFAS pay all my fees?

NSFAS does not pay for the following:

Outstanding balances

Fines
Doctor’s fees
Breakage costs
Fridge rental, etc.

Please note that students who were registered for the first time at a tertiary institution before 2018, are subject to a maximum NSFAS amount for the year. The maximum NSFAS amount for 2021 will be confirmed.

19. I am funded by NSFAS but will study a course that is not funded by NSFAS. What should I do?

Your NSFAS funding is subject to you registering for a NSFAS-funded course. If you want to register for a course that is not funded by NSFAS, you will be unfunded.

If you want to register for a course that is not funded by NSFAS, you will have to find another source of funding and pay your own registration fees.

Courses not funded by NSFAS is, for example, University Access Programmes / University Preparation Programmes, Postgraduate Diploma in General Accountancy, honours, etc.

Please note that NSFAS-funded students who are registered or would like to register for courses not funded by NSFAS, will be handled as follows:

Students must make the minimum required registration payment to register.
NSFAS funding for students will be cancelled or not allocated if they are registered or open for courses not funded by NSFAS.
If students have registered with NSFAS funding, they will be deregistered and requested to make the minimum payment before being registered again.

20. I have a registration block for the outstanding NSFAS agreement. What should I do?

Please visit Financial Aid for assistance. According to NSFAS, you have received your agreement link to sign, but you have not signed yet.

21.When will I receive my private accommodation payment?

You must apply online for your private accommodation. It is compulsory to upload your rental agreement and proof of home address. If your private accommodation application is approved by the 25th of a month you will receive payment from your move in date up to date during the first week of the following month and thereafter you will receive your monthly payments until November.

22. How will I know if my private accommodation application status has changed?

You will immediately receive an email on your ufs4life email address when your status change.

23.What should I do if my private accommodation application is incomplete?

Please log in on your Student Self Service. The reasons for your incomplete application will be listed under your private accommodation application. Please correct the application and resubmit. Please do not resubmit if the application was not corrected. Please visit the website for clear explanations on the reasons for incomplete applications if you are unsure what is expected from you.

Please note that no payment will be made before your private accommodation application is approved.

24. When is the closing date for NSFAS private accommodation applications?

The closing date for applications for private accommodation is 10 September 2021. Please note that no extension will be given.

25.I qualify for NSFAS transport allowance. What do I do to receive this allowance?

This process will be confirmed

Merit Bursaries

26. Do I have to apply for a merit bursary?

You do not have to apply for a merit bursary. The system will identify qualifying students and you will receive an SMS message to inform you of the amount you qualify for.

27. How do you determine who qualifies for a merit bursary?

Please visit the UFS website for complete information regarding the merit bursary.

28. Can I use my merit bursary to register?

Yes, you can use your merit bursary to pay for registration or a part of your registration fee, depending on the amount received.

29. For how long will my merit bursary be valid?

The merit bursary will be valid for five years.

30. When will my merit bursary be paid?

The merit bursary payment will be done after registration.

31. Is the merit bursary refundable?

NSFAS students cannot receive a refund on the merit bursary, since NSFAS is the last resort of funding and will only pay what the student needs.
When a student has another bursary, it will depend on the donor.
If the tuition fee account has been paid in full by the student, parents or guardian, then any possible credit may be refundable.

32. I was a final-year student and received a merit bursary. Do I have access to the funds?

You have to register again for a qualifying course in order for the merit bursary to be paid to your tuition fee account. The merit bursary is valid for five years.

Financial Aid

33. I am in need of funding. What should I do?

Please visit the UFS website for bursary information:

34. Where do I find Student Academic Services?

You can visit Student Academic Services at the following venues:

Bloemfontein Campus: George du Toit Administration Building, First Floor

Qwaqwa Campus: Administration Building, Ground Floor

35. Where do I find Financial Aid?

You can visit Financial Aid at the following venues:

Bloemfontein Campus: George du Toit Administration Building, First Floor

Qwaqwa Campus: Administration Building, Ground Floor, Room 17

36. Where do I find Student Finance?

You can visit Student Finance at the following venues:

Bloemfontein Campus: George du Toit Administration Building, First Floor

Qwaqwa Campus: Administration Building, Ground Floor

News Archive

Inaugural lecture: Prof. Phillipe Burger

2007-11-26

Attending the lecture were, from the left: Prof. Tienie Crous (Dean of the Faculty of Economic and Management Sciences at the UFS), Prof. Phillipe Burger (Departmental Chairperson of the Department of Economics at the UFS), and Prof. Frederick Fourie (Rector and Vice-Chancellor of the UFS).
Photo: Stephen Collet

A summary of an inaugural lecture presented by Prof. Phillipe Burger on the topic: “The ups and downs of the South African Economy: Rough seas or smooth sailing?”

South African business cycle shows reduction in volatility

Better monetary policy and improvements in the financial sector that place less liquidity constraints on individuals is one of the main reasons for the reduction in the volatility of the South African economy. The improvement in access to the financial sector also enables individuals to manage their debt better.

These are some of the findings in an analysis on the volatility of the South African business cycle done by Prof. Philippe Burger, Departmental Chairperson of the University of the Free State’s (UFS) Department of Economics.

Prof. Burger delivered his inaugural lecture last night (22 November 2007) on the Main Campus in Bloemfontein on the topic “The ups and downs of the South African Economy: Rough seas or smooth sailing?”

In his lecture, Prof. Burger emphasised a few key aspects of the South African business cycle and indicated how it changed during the periods 1960-1976, 1976-1994 en 1994-2006.

With the Gross Domestic Product (GDP) as an indicator of the business cycle, the analysis identified the variables that showed the highest correlation with the GDP. During the periods 1976-1994 and 1994-2006, these included durable consumption, manufacturing investment, private sector investment, as well as investment in machinery and non-residential buildings. Other variables that also show a high correlation with the GDP are imports, non-durable consumption, investment in the financial services sector, investment by general government, as well as investment in residential buildings.

Prof. Burger’s analysis also shows that changes in durable consumption, investment in the manufacturing sector, investment in the private sector, as well as investment in non-residential buildings preceded changes in the GDP. If changes in a variable such as durable consumption precede changes in the GDP, it is an indication that durable consumption is one of the drivers of the business cycle. The up or down swing of durable consumption may, in other words, just as well contribute to an up or down swing in the business cycle.

A surprising finding of the analysis is the particularly strong role durable consumption has played in the business cycle since 1994. This finding is especially surprising due to the fact that durable consumption only constitutes about 12% of the total household consumption.

A further surprising finding is the particularly small role exports have been playing since 1960 as a driver of the business cycle. In South Africa it is still generally accepted that exports are one of the most important drivers of the business cycle. It is generally accepted that, should the business cycles of South Africa’s most important trade partners show an upward phase; these partners will purchase more from South Africa. This increase in exports will contribute to the South African economy moving upward. Prof. Burger’s analyses shows, however, that exports have generally never fulfil this role.

Over and above the identification of the drivers of the South African business cycle, Prof. Burger’s analysis also investigated the volatility of the business cycle.

When the periods 1976-1994 and 1994-2006 are compared, the analysis shows that the volatility of the business cycle has reduced since 1994 with more than half. The reduction in volatility can be traced to the reduction in the volatility of household consumption (especially durables and services), as well as a reduction in the volatility of investment in machinery, non-residential buildings and transport equipment. The last three coincide with the general reduction in the volatility of investment in the manufacturing sector. Investment in sectors such as electricity and transport (not to be confused with investment in transport equipment by various sectors) which are strongly dominated by the government, did not contribute to the decrease in volatility.

In his analysis, Prof. Burger supplies reasons for the reduction in volatility. One of the explanations is the reduction in the shocks affecting the economy – especially in the South African context. Another explanation is the application of an improved monetary policy by the South African Reserve Bank since the mid 1990’s. A third explanation is the better access to liquidity and credit since the mid 1990’s, which enables the better management of household finance and the absorption of financial shocks.

A further reason which contributed to the reduction in volatility in countries such as the United States of America’s business cycle is better inventory management. While the volatility of inventory in South Africa has also reduced there is, according to Prof. Burger, little proof that better inventory management contributed to the reduction in volatility of the GDP.

Back

Economic and Management Sciences

Education

Health Sciences

The Humanities

Law

Natural and Agricultural Sciences

Theology and Religion

Open Distance Learning

Business School

We use cookies to make interactions with our websites and services easy and meaningful. To better understand how they are used, read more about the UFS cookie policy. By continuing to use this site you are giving us your consent to do this.

Accept