Intellectual Property Rights from Publicly Financed Research and
R 385
National Student Financial Aid Scheme Act, 1999 (Act No. 56 of 1999)Chapter 3 : Administration of Loans and Bursaries19. Conditions of loans and bursaries |
| 1) | Loans or bursaries granted by the board may be subject to such conditions as it may determine, either generally or in respect of a particular loan or bursary. |
| 2) | A loan or bursary is granted in respect of a particular course of study, which must be specified in the loan or bursary agreement in question, and may not be used for any other purpose. |
| 4) | The board must impose a condition in respect of any loan or bursary to the effect that if the borrower or bursar does not perform satisfactorily in his or her studies, the board may terminate the granting of finance in terms of the agreement and that the borrower or bursar must comply with any obligation as a result of the granting of the loan or bursary on or with effect from the date specified by the board. |
| 5) | The amount of the loan or bursary is paid by the NSFAS to the designated higher education institution concerned by way of allocations in respect of amounts payable to the institution by the borrower or bursar. |
| 6) | A right to obtain a loan or bursary from the NSFAS cannot be construed from any provision of this Act. |
