{"id":57997,"date":"2024-01-02T10:29:11","date_gmt":"2024-01-02T10:29:11","guid":{"rendered":"http:\/\/bursary24.com\/?p=1495"},"modified":"2024-01-02T10:29:11","modified_gmt":"2024-01-02T10:29:11","slug":"nsfas-pay-back","status":"publish","type":"post","link":"https:\/\/forms24.co.za\/data\/nsfas-pay-back\/","title":{"rendered":"Nsfas how to pay back"},"content":{"rendered":"<h2>Nsfas how to pay back<\/h2>\n<p><strong>Nsfas how to pay back<\/strong>: Loan repayments are <strong>based on the salary that you earn<\/strong>; you start paying them back once your salary is R30,000 or more per year. The repayment rate is reasonable: 3% of the annual salary, increasing to a maximum of 8% when your salary reaches R59,300 or more per year. This means you will pay back R900 a year on a salary of R30 000 a year, or R84 per month. Not a bad deal, especially when you consider that the interest charged on the loan is subsidised at 80% of the rate that the commercial rate banks would charge.<\/p><div class=\"forms-atf\" style=\"margin-top: 15px;margin-bottom: 20px;\" id=\"forms-1042884906\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-9198760278752355\"\n     crossorigin=\"anonymous\"><\/script>\n<!-- Responsive ads atf -->\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-9198760278752355\"\n     data-ad-slot=\"8381596201\"\n     data-ad-format=\"auto\"\n     data-full-width-responsive=\"true\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/div>\n<p>Even though the NSFAS Act of 1999 allows NSFAS to have employers deduct loan repayments from the monthly salaries of those who\u2019ve been assisted by the scheme, about 20% of NSFAS recipients <strong><a href=\"http:\/\/www.bdlive.co.za\/national\/education\/2013\/09\/10\/student-loans-crimped-by-defaults\">have never paid back a cent<\/a><\/strong>. In 2013, NSFAS was owed R15.6-billion in unpaid loans. This means the next generation of needy students have to fight that much harder for a piece of the pie. So if you get NSFAS funding and you get your degree, be a good sport and pay back the money.<\/p><div class=\"forms-content\" id=\"forms-4151295740\"><div style=\"width: 300px; padding: 20px; margin: 0 auto; border: 1px solid #ddd; border-radius: 8px; background-color: #f9f9f9; text-align: center; font-family: Arial, sans-serif;\">\r\n    <p style=\"font-size: 16px; margin: 0 0 10px;\">Need Information or Confused about Something ? <\/p>\r\n    <a href=\"https:\/\/onlineapplications.co.za\/ask\/\" style=\"display: inline-block; padding: 10px 20px; background-color: #007BFF; color: #fff; text-decoration: none; border-radius: 4px; transition: background-color 0.3s;\">Ask a Question<\/a>\r\n<\/div>\r\n<\/div><div class=\"forms-btf\" style=\"margin-top: 15px;margin-bottom: 20px;\" id=\"forms-1480289315\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-9198760278752355\"\n     crossorigin=\"anonymous\"><\/script>\n<!-- Responsive ads btf -->\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-9198760278752355\"\n     data-ad-slot=\"5513273173\"\n     data-ad-format=\"auto\"\n     data-full-width-responsive=\"true\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/div>\n<h4><strong>Ways to Pay Back NSFAS Loan &#8211;\u00a0Nsfas how to pay back<\/strong><\/h4>\n<p>&nbsp;<\/p>\n<div class=\"half\">\n<h6><strong>Electronic Funds Transfer (EFT)<\/strong><\/h6>\n<p>If you would like to do an EFT each month these are our bank details.<br \/>\n<strong>Name of Account:<\/strong> NSFAS<br \/>\n<strong>Branch Code:<\/strong> 210554<br \/>\n<strong>Bank:<\/strong> First National Bank<br \/>\n<strong>Account Number:<\/strong> 500 600 28203<br \/>\n<strong class=\"pink\">Please use your ID Number (6711165000000) as a reference when making payments<\/strong><\/p>\n<p>NSFAS is added as a predefined beneficiary at the following banks:<br \/>\n<img loading=\"lazy\" decoding=\"async\" class=\"left\" src=\"http:\/\/www.nsfas.org.za\/content\/images\/capitech.png\" width=\"153\" height=\"46\" \/><img loading=\"lazy\" decoding=\"async\" class=\"left\" src=\"http:\/\/www.nsfas.org.za\/content\/images\/FNB.png\" width=\"70\" height=\"30\" \/><\/p>\n<p>Just look for \u201cNSFAS\u201d in their list of beneficiaries<\/p>\n<h6><strong>Debit Order<\/strong><\/h6>\n<p>If you don&#8217;t want to worry about remembering to pay your NSFAS loan every month, this is a good option for you. Just complete the electronic debit order form and submit it.<br \/>\n<a href=\"https:\/\/forms24.co.za\/data\/wp-content\/uploads\/2016\/12\/Debit-Order-form-nsfas.pdf\">OPEN THE ELECTRONIC DEBIT ORDER FORM<\/a><\/p>\n<h6>OR<\/h6>\n<p>Complete the <a href=\"http:\/\/www.nsfas.org.za\/content\/downloads\/Debit%20Order%20form.pdf\" target=\"_blank\" rel=\"noopener\">attached form<\/a> and email it back to <a href=\"mailto:Recoveries@nsfas.org.za\"><strong>recoveries@nsfas.org.za<\/strong><\/a><\/p>\n<h6><strong>Salary Deduction<\/strong><\/h6>\n<p>Your employer can make deductions from your income and pay it over to NSFAS. Print and complete the form and submit to your employer. <a href=\"https:\/\/forms24.co.za\/data\/wp-content\/uploads\/2016\/12\/Employer-arrangements-Contact-Center.doc\">OPEN THE EMPLOYER DEDUCTION FORM<\/a><\/div>\n<div class=\"forms-cpc\" id=\"forms-1763399814\"><hr>\n<h1>Did You Know : Top 15 Free Online Learning Platforms<\/h1>\n\n<ol>\n  <li>\n    <strong>Free Online Education Degrees : Coursera:<\/strong>\n    <p>Coursera partners with universities and organizations worldwide to offer a wide range of courses. While many courses are free, a fee is often required for certification.<\/p>\n  <\/li>\n\n  <li>\n    <strong>Free Online Education Degrees: edX:<\/strong>\n    <p>Founded by MIT and Harvard, edX offers high-quality courses from top universities and institutions around the world. Certificates are available for a fee.<\/p>\n  <\/li>\n\n  <li>\n    <strong>Free Online Education Degrees : Khan Academy:<\/strong>\n    <p>Khan Academy provides free educational content in various subjects, especially mathematics and science, using instructional videos and practice exercises.<\/p>\n  <\/li>\n\n  <li>\n    <strong>Free Online Education Degrees : Udacity:<\/strong>\n    <p>Udacity focuses on tech-related courses and nanodegree programs, offering free content as well as more in-depth paid programs.<\/p>\n  <\/li>\n\n  <li>\n    <strong>Free Online Education Degrees : MIT OpenCourseWare (OCW):<\/strong>\n    <p>MIT OCW provides a vast array of MIT's course content for free, covering a wide range of disciplines.<\/p>\n  <\/li>\n\n  <li>\n    <strong>Free Online Education Degrees : Harvard Extension School:<\/strong>\n    <p>Harvard Extension School offers a selection of free online courses. While some courses are free, others may require payment for a certificate.<\/p>\n  <\/li>\n\n  <li>\n    <strong>Free Online Education Degrees: Stanford Online:<\/strong>\n    <p>Stanford Online offers a variety of free courses in different disciplines, including computer science, engineering, and business.<\/p>\n  <\/li>\n\n  <li>\n    <strong>Best Free Online Courses : Carnegie Mellon Open Learning Initiative (OLI):<\/strong>\n    <p>OLI offers free online courses and resources designed to improve learning outcomes through research-based methodologies.<\/p>\n  <\/li>\n\n  <li>\n    <strong>Best Free Online Courses : FutureLearn:<\/strong>\n    <p>FutureLearn partners with universities and institutions to offer a diverse range of free online courses. Certificates are available for a fee.<\/p>\n  <\/li>\n\n  <li>\n    <strong>Best Free Online Courses: Alison:<\/strong>\n    <p>Alison offers a wide range of free online courses, including diploma and certificate programs, covering various subjects.<\/p>\n  <\/li>\n\n  <li>\n    <strong>Best Free Online Courses: Open Yale Courses:<\/strong>\n    <p>Yale University provides free access to a selection of introductory courses through Open Yale Courses.<\/p>\n  <\/li>\n\n  <li>\n    <strong>Best Free Online Courses : UC Berkeley Online:<\/strong>\n    <p>UC Berkeley offers free online courses on a variety of subjects, ranging from computer science to humanities.<\/p>\n  <\/li>\n\n  <li>\n    <strong>Best Free Online Courses  : Google Digital Garage:<\/strong>\n    <p>Google Digital Garage provides free courses on digital skills, including online marketing, data analysis, and more.<\/p>\n  <\/li>\n\n  <li>\n    <strong>Best Free Online Courses : Codecademy:<\/strong>\n    <p>Codecademy offers free coding courses, interactive exercises, and coding projects to help individuals learn programming languages.<\/p>\n  <\/li>\n\n  <li>\n    <strong>Best Free Online Courses : LinkedIn Learning (formerly Lynda.com):<\/strong>\n    <p>LinkedIn Learning provides a variety of video courses on professional development, technology, and creative skills. It offers a free trial period.<\/p>\n  <\/li>\n<\/ol><\/div>","protected":false},"excerpt":{"rendered":"<p>Nsfas how to pay back Nsfas how to pay back: Loan repayments are based on the salary that you earn; you start paying them back once your salary is R30,000 or more per year. The repayment rate is reasonable: 3% of the annual salary, increasing to a maximum of 8% when your salary reaches R59,300 &#8230; <a title=\"Nsfas how to pay back\" class=\"read-more\" href=\"https:\/\/forms24.co.za\/data\/nsfas-pay-back\/\" aria-label=\"Read more about Nsfas how to pay back\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-57997","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/posts\/57997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/comments?post=57997"}],"version-history":[{"count":0,"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/posts\/57997\/revisions"}],"wp:attachment":[{"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/media?parent=57997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/categories?post=57997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/tags?post=57997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}