How to cancel NSFAS to receive an SRD grant

The South African Social Security Agency (SASSA) offers various grants to support qualifying individuals and families.

Two prominent programs are the National Student Financial Aid Scheme (NSFAS) and the SRD grant (Social Relief of Distress).

While both provide financial assistance, they cater to different needs.

NSFAS focuses on funding tertiary education, while the SRD grant offers temporary relief to unemployed South Africans.

Considerations To Make Before Cancellation

Cancelling NSFAS funding is a significant decision. Here are some important aspects to consider:

  1. 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.
  2. 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.
  3. Alternative Funding Options: Explore alternative funding sources like bursaries, scholarships, or part-time employment before cancelling NSFAS.
  4. 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.

Should I cancel NSFAS for the SRD grant?

This decision depends on your individual circumstances.

If you’re no longer pursuing tertiary education or have secured alternative funding, canceling NSFAS might be the right choice.

However, if you plan to return to studies in the future, keeping your NSFAS application active ensures continued financial support.

What are the eligibility criteria for the SRD grant?

To be eligible for the SRD grant, you must be a South African citizen, resident, or permanent resident aged 18 or older.

You should also be unemployed, seeking employment, or undertaking a poverty-stricken workfare program.

Your monthly income must fall below the SASSA threshold, which is currently adjusted periodically.

How can I apply for the SRD grant after canceling NSFAS?

Once you’ve canceled your NSFAS application, you can apply for the SRD grant through the SASSA website or by calling the SASSA toll-free number at 0800 60 10 12.

The application process is relatively straightforward, requiring basic information like your ID number and contact details.

How long does it take to cancel an NSFAS application?

The processing time for canceling an NSFAS application can vary depending on their workload.

However, it takes between 2-5 business days for your cancellation request to be reflected in the system.

What happens after I cancel my NSFAS application?

After successfully canceling your NSFAS application, you’ll receive confirmation from NSFAS.

This ensures you’re no longer in consideration for their funding and frees you to apply for the SRD grant if eligible.

How to Cancel Your NSFAS Application

There are two main ways to cancel your NSFAS application:

Online Cancellation:

  1. Visit the NSFAS website and log in to your MyNSFAS account.
  2. Scroll to the “Application Tracker” section on your dashboard.
  3. Select the application you wish to cancel.
  4. Click on the “Cancel Application” option.
  5. Provide a clear and concise reason for canceling your application.
  6. Review your information and submit the cancellation request.

Offline Cancellation:

  1. Draft a formal letter addressed to the National Student Financial Aid Scheme (NSFAS).
  2. Clearly state your intention to cancel your NSFAS application and mention the specific application year.
  3. Briefly explain your reason for canceling the application.
  4. Include your full name, ID number, and contact information in the letter.
  5. Sign the letter and make a certified copy for your records.
  6. Submit the original letter and a copy of your ID to a local NSFAS office.