How to Cancel NSFAS to Receive an SRD Grant As South African Life status can change sometimes and you will no more Qualify for Nsfas you need to shift to Sassa Grant ,This article will show the procedures How to Cancel NSFAS to Receive an SRD Grant.
Things to Consider Before Cancel Nsfas
Cancelling NSFAS funding is a significant decision. Here are some important aspects to consider:
- Impact on Studies: NSFAS funding directly supports your education. Cancelling it may leave you financially strained to cover tuition fees, accommodation, and other vital expenses.
- Repaying NSFAS Loan: If you’ve already received NSFAS funding (considered a loan), you’ll be obligated to repay it upon graduation or leaving your studies. Cancellation might delay your repayment schedule.
- Alternative Funding Options: Explore alternative funding sources like bursaries, scholarships, or part-time employment before cancelling NSFAS.
- Eligibility for SRD Grant: Ensure you meet the eligibility criteria for the SRD grant before cancelling NSFAS. You can find these criteria on the SASSA website.
Can I receive both NSFAS and the SRD grant?
No, you cannot receive financial aid from both NSFAS and the SRD program simultaneously.
NSFAS is specifically designed to support registered students, while the SRD grant targets unemployed South Africans facing financial hardship.
How To Cancel NSFAS
There are many reasons why an applicant may choose to withdraw their application; maybe they’ve secured funding elsewhere, don’t require funding anymore or have simply decided to part ways with NSFAS.
How To Cancel NSFAS Application
For whatever reason, if you are looking to cancel your online application to NSFAS, here are the steps do so:
- Login into your MyNsfas account on Nsfas’ website.
- On the NSFAS dashboard, scroll down and select “View Applications” under Application Tracker.
- Select Track Application.
- Select Cancel Application