Name and explain what type of financial aid nsfas is?

Question: Name and explain what type of financial aid nsfas is?

NSFAS (National Student Financial Aid Scheme) is a type of financial aid in South Africa that provides funding to eligible students to cover the cost of tertiary education. It is a government-funded scheme aimed at assisting financially disadvantaged students who would not otherwise be able to afford to study. The aid is provided in the form of a study loan, bursary or scholarship, which covers tuition fees, accommodation, textbooks, and other related expenses. The loan is interest-free, and repayment is only required after graduation and once the student starts earning a specified income threshold.

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