The Higher Education Department said eligible applicants should be South African citizens and come from a family with a combined annual household income of not more than R350,000.
The criteria also include students with a disability, reports OFM News.
The application cycle will run for a period of four mouths starting from 3 August with the closing dated expected to be on 30 November.
Department spokesperson Ishmael Mnisi said: “NSFAS has made provisional funding available to 448,038 university students in the 2020 academic year. This amounts to R4.2 billion.”