NSFAS has introduced its payment card and you might want to know who qualifies for NSFAS Mastercard.
The National Student Financial Aid Scheme (NSFAS), with Tenet Technology, has come out with the NSFAS Mastercard.
The card, which is used as a debit/credit card to receive nsfas allowances will be issued to students.
Again, students who will get the card will be able to withdraw cash with the mastercard and also pay for goods and services at nsfas partnered stores.
In this article, you’re going to know students who qualify for the NSFAS Mastercard, and how to get your card.
So, let’s get to it.
Who Qualifies For NSFAS Mastercard?
According to the National Student Financial Aid Scheme, the mastercard will be given to students who are funded by NSFAS.
This means, if your application for NSFAS funding is not approved, you’ll not get the mastercard.
Also, students who have not applied for funding are not eligible for the card.
It is only students who are fully funded by NSFAS that are eligible for the NSFAS payment card.
Furthermore, if you want to get the card, you must be a nsfas funded student at a university or a TVET college.
How Can I Qualify For NSFAS Mastercard?
The first step to being eligible for nsfas mastercard is to apply for funding. You should also know that applying for funding alone does not qualify you for the card.
The second step is getting approved for funding. Before you may be considered to be given the card, you must be a student approved for funding.
Remember also that, you may still not get the card even after you’ve been approved for NSFAS funding.
The third step to qualifying for the card is receiving an SMS via the cellphone number you used to apply for the funding.
The message will prompt you that your next nsfas allowance will be paid to the mastercard. You will find a link in the SMS to download the app to register your account.
You should read How To Register NSFAS Mastercard Account for the registration instructions.
Once these general criteria have been met, students must then meet the specific requirements for the NSFAS Mastercard registration.
These include having a valid ID number and contact details on file with NSFAS and having a valid bank account in your own name.
Additionally, students must have a valid email address and mobile number, as these will be used for communication regarding their financial aid funds and the NSFAS Mastercard.
According to the National Student Financial Aid Scheme (NSFAS), some students may get the card before others.
So, you should not worry if you have not received the message to download the app when your colleagues have gotten the app already.
After you have downloaded the app, you will need to apply for the mastercard online on tenetec.co.za/student/info/
Here is the application process
- Go to www.tenetech.co.za/studentinfo/
- Click on NSFAS Students
- The SMS will contain a link to download the app
- Register your student number
- Fill out and complete your personal details
- Upload a photo of your SA ID to securely verify that it is you
- Upload a selfie while holding your SA ID to verify yourself further
- A bank account will be assigned to your student number
- A bank card will be given to you at your college campus
After you have gotten your card, you’ll need to activate it as well before you can get your first nsfas allowance paid onto it.
In conclusion, the NSFAS Mastercard will help to enhance the payment of student allowances more effectively.
With the tap-to-pay functionality in the app, students will be able to pay directly from the app at nsfas partnered merchant stores.
Again, students will be able to withdraw cash from ATMs with the mastercard without paying a fee.
You can ask your question in the comment.
