In order to get the NSFAS bursary you first have to apply for the fund and then have to sign the SOP or LAF document. Signing the SOP is one of the most vital and last steps of the investigating process as after this you are most likely to receive your grant.
If you have already signed your NSFAS SOP then you might be waiting for your payment, the question which might be popping constantly in your mind is how long does NSFAS take to pay after signing SOP?
Being a student of Pharmaceutical Technology at TVET College I had to sign the SOP document and wait for around one month to get my NSFAS payment.
If you are applying for an NSFAS bursary to get through your postgraduate studies you have to be patient as even after agreeing to the terms of NSFAS, the system needs to process your data further. I know that the 9-stage evaluation process can get hard to bear, but be patient as this will be the last one before you get the payment.
What Is NSFAS SOP?
Any loan involves proper documentation and clarity between the two parties about the policies, that is the lender and borrower.
Similar to any other bank loan, NSFAS also provides the student with an SOP document which is particularly the NSFAS Bursary Agreement. The receivers which are the students will get this once they have got through all seven stages and finally got their application approved.
You might have mentioned the amount you need and mentioned the program that you have opted for in the application, but signing the SOP not only tells you the terms and conditions but also verifies your personal details for one last time.
The document includes the total amount that you will get, how you will get paid, and the details of the program in which you are enrolled. Once you have signed you are bound to follow the policies. There is no turning back.
How Long Does NSFAS Take To Pay After Signing SOP?
Even after you have validated your personal details and agreed to the terms you might have to wait for about a month or 4 weeks before you get the payment. The time duration that NSFAS takes to pay the amount after signing SOP varies from one applicant to another.
There are many individuals who have not received the amount 6 months after agreeing to NSFAS terms and conditions. Fortunately, I got the payment transferred to my NSFAS wallet account within a month. You have to contact the NSFAS service provider if it takes more than 1.5 to two months.
Your application might have failed to be processed as the online application system of NSFAS is loaded with a number of applications. Once you have got the first payment, you will get the amount transferred to your NSFAS wallet account on a monthly basis for about 10 months. Be a bit patient, you might get the message soon.
Wondering how long does NSFAS take to pay after signing SOP? There is no time duration specified. Even though the application has been validated and the accountability of the applicant is also approved via the 9-step evaluation process, you might still have to wait for about 4 weeks to 6 months before getting the amount transferred to your account. Recheck the mobile number, ID, account details, and other personal information that you have provided to eliminate any mistakes.