The 2026 Old Mutual Actuarial Bursary program has been opened and they are inviting all students to apply. Interested applicants should apply using the details below.
The Old Mutual Actuarial Bursary will provide cover for the following expenses: tuition fees, meals, accommodation, textbook allowance, travel allowance and a general allowance. Students will also receive the following benefits: networking opportunities, incentives for good performance, emotional and academic support, as well as the chance to undertake vacation work (from your 2nd year of study).
Once students have graduated, they will also receive the following opportunities: solo mentoring by a qualified and experienced actuary, guaranteed employment, in-house rotation programme allowing you access to professional development in various areas and working alongside industry experts in various fields.
ABOUT ACTUARIAL SCIENCE
An Actuary solves financial problems which allows individuals and companies to safeguard their financial future. An Actuary is involved with the following areas of work:
- Designing insurance and investment products for companies
- Calculate profit and loss for companies
- Projecting a companies future profits
- Monitoring a companies performances
- Providing pension funds with investment advice and forecasting potential return on investment
ELIGIBILITY REQUIREMENTS FOR THE OLD MUTUAL ACTUARIAL BURSARY
Applicants must satisfy the following minimum entry criteria before applying (please note that failure to satisfy all the requirements will lead to your application not being considered):
- You must be a South African citizen
- You must have completed Matric or be currently in Matric
- You must be studying or intend on studying towards an Actuarial Science qualification
- You must be studying or intend on studying at one of the following tertiary institutes: University of Cape Town/ University of Witwatersrand/ University of Pretoria/ Stellenbosch University
- You must have achieved a minimum “A” symbol for Mathematics (NOT Mathematical Literacy) in Matric
- You must have achieved a minimum “B” symbols for all other subjects in Matric
Students must also possess the following personal attributes:
- You must always be up for a challenge
- You must have strong mathematical skills
- You must be dedicated and self-motivated
HOW TO APPLY FOR THE OLD MUTUAL ACTUARIAL BURSARY
Applications must be done online at: Old Mutual Actuarial Bursary Application
Candidates will be required to Register an Account before they can Login and Apply
You may be required to submit clear copies of the following supporting documentation along with your application (the submission of these documents is compulsory – if any items are missing, your application be disregarded):
- ID document (certified copy)
- Grade 11 final results, if currently in Matric (certified copy)
- Matric certificate or final results, if completed Matric or currently at University (certified copy)
OLD MUTUAL ACTUARIAL BURSARY APPLICATION AND SELECTION PROCESS
Step 1: complete the online application form by filling in personal information and academic results.
Step 2: after completing step 1, students will be required to complete online gamified assessments and a psychometric assessment.
Step 3: after completing step 2, students will receive an email to complete the digital application form – this form will ask students to explain why they would like to apply for the Old Mutual Bursary and why they are interested in a career in Actuarial Science.
Step 4: after completing step 3, students will be invited to an online interview – the interview will assess students true interest in Actuarial Science and give the team a chance to get to know you better.
CLOSING DATE FOR THE OLD MUTUAL ACTUARIAL BURSARY
31 August 2026.
(Applications submitted after this date will not be accepted – please apply before the closing date to ensure your application is considered.)
CONTACT THE BURSARY PROVIDER
For any queries related to this bursary programme, please contact Old Mutual directly:
Tel: 021 504 7285
Email: support@hazie.co.za (for technical issues when applying)
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Complete Guide to NSFAS Online Loan Application for South African Students (2025)
If you are a South African student looking to pursue higher education but are facing financial difficulties, the National Student Financial Aid Scheme (NSFAS) is one of the most accessible funding options available. NSFAS provides financial aid in the form of bursaries and loans to qualifying students at public universities and TVET colleges in South Africa.
This guide will walk you through everything you need to know about the NSFAS loan application process, from eligibility requirements to application steps and frequently asked questions.
📌 What is NSFAS?
The National Student Financial Aid Scheme (NSFAS) is a government-funded financial aid scheme aimed at helping students from low- and middle-income households to access tertiary education without the burden of upfront fees.
NSFAS offers both bursaries and income-contingent loans:
- Bursaries: For eligible students who meet academic and household income criteria (especially for TVET and university students).
- Loans: For students who do not meet all bursary criteria or who are pursuing postgraduate qualifications not funded under bursary schemes.
✅ Who Qualifies for an NSFAS Loan?
To qualify for an NSFAS loan (especially for postgraduate students or programs not funded under the bursary system), you must:
- Be a South African citizen.
- Be financially needy, with a household income of less than R350,000 per year.
- Have a valid South African ID.
- Be enrolled or accepted to study at a public university or TVET college.
- Not be funded through another bursary program that covers all expenses.
- Maintain satisfactory academic progress (returning students).
📚 Courses Funded by NSFAS
NSFAS primarily funds undergraduate qualifications, but certain postgraduate programs (e.g., PGCE, postgraduate diplomas in education, and professional courses like LLB) may be considered under the NSFAS loan scheme, not bursaries.
If you’re studying:
- Undergraduate degree or diploma: You are likely eligible for a full NSFAS bursary.
- Postgraduate study: You may qualify for a loan, depending on the course and funding availability.
📄 Required Documents for NSFAS Application
When applying, make sure you have the following documents scanned and ready:
- Certified copy of your South African ID or Smart Card.
- Parent(s) or guardian(s) ID documents.
- Proof of income (latest payslips, UIF, or affidavit if unemployed).
- Consent Form signed by your parent(s)/guardian(s) to allow NSFAS to verify income.
- Proof of registration or acceptance at a public institution.
- Academic transcripts (for continuing or postgraduate students).
🖥️ How to Apply for an NSFAS Loan Online
Step-by-Step NSFAS Online Application Process (2025)
-
Visit the NSFAS Website
Go to: https://www.nsfas.org.za
-
Create an Account
- Click on “MyNSFAS” and register your profile.
- You’ll need a valid email address and South African cellphone number.
- Choose a strong password and verify your account via email or SMS.
-
Login and Start the Application
- After registration, log in to your MyNSFAS account.
- Click on “Apply” to begin a new application.
-
Fill in Your Personal Details
- Input your ID number, name, surname, and other details exactly as they appear on your ID.
- Provide household income information and living arrangements.
-
Upload Required Documents
- Upload all supporting documents in PDF or JPEG format.
- Each document must be clear and under the size limit specified.
-
Submit Your Application
- Review your application for accuracy.
- Click “Submit” and wait for a confirmation message.
-
Track Your Application
- Log in regularly to check your application status.
- You will be notified via SMS and email at each stage of the process.
🗓️ Important NSFAS Dates (2025)
- Application Opening Date: September 1, 2025
- Application Deadline: January 31, 2026
- Appeals Period: February 2026 (if rejected)
- Disbursement: After registration and approval
Note: Dates are subject to change; always confirm on the official NSFAS website.
💸 What Does the NSFAS Loan Cover?
NSFAS funding typically includes:
- Tuition fees
- Registration fees
- Accommodation (if living away from home)
- Meals and transport
- Learning materials (e.g., textbooks)
For loans, repayment is only required once you start working and earn above a threshold (around R30,000 annually, but subject to change).
🔄 NSFAS Loan Repayment
Repayments are:
- Income-contingent – you only repay when you can afford to.
- Administered by DHET (Department of Higher Education and Training).
- Interest-bearing, but interest rates are low and favorable.
You can also apply for a partial loan conversion to a bursary if you perform well academically.
🔁 How to Appeal a Rejected NSFAS Application
If your application is rejected, you may submit an appeal via your MyNSFAS portal:
- Log into your MyNSFAS account.
- Click on “Track Funding Progress”.
- If rejected, click on “Submit Appeal”.
- Upload any missing or corrected documents.
- Provide a clear explanation or motivation.
📱 NSFAS Contact Information
- Website: https://www.nsfas.org.za
- Email: info@nsfas.org.za
- Toll-Free Number: 08000 67327 (Monday–Friday, 8 AM–5 PM)
- Twitter: @myNSFAS
- Facebook: NSFAS
📝 Final Tips Before Applying
- Apply early to avoid system overload near the deadline.
- Use your own email and cellphone number (do not use someone else’s).
- Double-check that all your documents are certified and legible.
- Keep a copy of your submission confirmation for reference.
By following this guide, you can confidently apply for NSFAS funding and move one step closer to achieving your academic and career dreams—without the burden of immediate financial pressure.