Norraco Transact is a service that lets students use the student loan system for the National Student Financial Aid Scheme (NSFAS). This system gives money to South African students studying for a higher education degree at a public university or TVET college and meeting the requirements.
The help comes from loans and bursaries, which are meant to pay for the student's tuition, housing, and other costs related to their education. Students can use Norraco Transact to apply for financial aid, check on the status of their applications, and manage their loans and bursaries once they have been approved.
Norraco Transact is a service that allows students to access the National Student Financial Aid Scheme (NSFAS) student loan system with these features:
Online application: Students can apply for financial aid through the online portal, so they don't have to fill out paper forms.
Status tracking: Students can find out where their applications are in the process and the next steps.
Loan management: Once a student has been approved for a loan or bursary, they can use the portal to manage their financial aid. For example, they can check their loan balance, make payments, and look at their payment history.
Eligibility check: The system has an eligibility check that ensures students meet the requirements for financial aid.
Secure access: The service protects students' personal and financial information by letting them log in securely and using encryption.
24/7 availability: The service is available 24 hours a day, seven days a week, so students can use it anywhere at any time.
User-friendly interface: The system is easy to use and navigate, so students with different levels of technical knowledge can use it.