GEICO sells its products through exclusive GEICO Local Agents. These agents sell GEICO products and products from partner companies only. GEICO Local Agents are not allowed to represent other insurance companies that compete with GEICO and partner companies in any way.
GEICO Local Agency FREQUENTLY ASKED QUESTIONS
Does GEICO sell its products through insurance agents; can I represent GEICO and other insurance companies at the same time?
Yes. GEICO sells its products through exclusive GEICO Local Agents. These agents sell GEICO products and products from partner companies only. GEICO Local Agents are not allowed to represent other insurance companies that compete with GEICO and partner companies in any way.
Are GEICO Local Agents employed by GEICO?
No, GEICO Local Agents are not GEICO employees. GEICO Local Agents are “1099” contractors for GEICO
What markets are available for GEICO Local Agent appointments—will GEICO consider opening a local agent office in my desired location?
No, the only markets available for GEICO Local Agent appointments are those listed on our recruiting website. Senior management has chosen only these markets for strategic purposes and no other locations will be considered at this time.
Does GEICO offer insurance licensing courses in preparation for GEICO Local Agent appointments?
No, GEICO does not offer an insurance licensing program for GEICO Local Agent appointments. Almost all GEICO Local Agent candidates are already licensed before the GEICO Local Agent application process but the few who are not must go through their State insurance licensing division to complete licensing requirements.
How much does it cost to start a GEICO agency and does GEICO offer loans or advanced commissions to help with start-up costs?
Generally, start-up costs for a new GEICO agency range between $100,000 and $250,000, depending on the market. Normal start-up costs are office leases, office build-outs, equipment, employee expenses, marketing and advertising, insurance, phone service, and all those things that are necessary to open and run a business. GEICO does not offer any loans or advanced commissions to help with general start-up costs—successful GEICO Local Agent candidates have saved money in preparation for the opportunity to start-up a business.
How are GEICO Local Agents paid by GEICO?
GEICO Local Agents are paid solely by new business and renewal business commission for the insurance premium they generate. The commission payment is an ACH transaction made once a month, normally by the 4th business day each month.
Who owns the GEICO book of business produced by GEICO Local Agents?
GEICO owns the book of business—there is no GEICO Local Agent “equity” in the business.
What is the GEICO Local Agent business model?
GEICO Local Agents are entrepreneurs who go into business to represent GEICO and property partners exclusively. Their primary role is to prospect and generate insurance leads and policies that GEICO would otherwise not capture. GEICO Local Agents lease or own their retail storefront offices with excellent drive by visibility. These storefronts and the hours of operation encourage walk-in customers but most GEICO Local Agent new policies are sold over the phone. GEICO Local Agents hire, train, and pay their employees who are licensed, professional insurance counselors. GEICO Local Agents on average employ 5 to 6 employees. GEICO trains and supports new GEICO Local Agents on GEICO procedure and policy but it’s the GEICO Local Agent’s responsibility to train her/his employees. GEICO Local Agents lease GEICO configured and maintained PCs that are a part of the GEICO network for their sales and service applications, and purchase designated VOIP phone systems for quality control purposes. One of many GEICO Local Agent benefits is an outstanding co-operative ad.
What is the process to get a GEICO Local Agent appointment?
Candidates competing for an appointment are interviewed, screened with criminal and financial background checks, and recommended to the GEICO officer in charge based on characteristics that point to business success. This officer is the only one who has authority to offer an appointment. The process is deliberate and intentional to support the best outcome for both GEICO and the candidate.
What is the template for a successful GEICO Local Agent?
Successful GEICO Local Agents are sales professionals who are confident, competitive men and women who have prepared to go into business by saving money to start their own business. These are individuals who thrive on opportunities/challenges year in and year out and never tire of the satisfaction of closing the sale. Generally they are optimists with personal goals for success in life—they see the intrinsic value in representing a Berkshire Hathaway company and understand nothing good comes easy. Probably the most common thread among successful GEICO Local Agents is their desire to win through strategic advertising in their market and keen business acumen
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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)
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Visit the NSFAS Website
Go to: https://www.nsfas.org.za
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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.
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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.
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Upload Required Documents
- Upload all supporting documents in PDF or JPEG format.
- Each document must be clear and under the size limit specified.
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Submit Your Application
- Review your application for accuracy.
- Click “Submit” and wait for a confirmation message.
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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.