Reference no: EM132960767

Dineo and Bontle are best friends. Dineo is an orphan who works part-time to support herself and her younger brother. Bontle is a very good friend to Dineo - she often buys Dineo gifts and pays for her food and drinks when they go out. The friends are excited about being university students for the first time. Bontle excitedly shared the good news on Facebook that she received NSFAS funding for her studies! She tagged her friend Dineo who received NSFAS funding for her studies too. Dineo knows Bontle received a payout funding her studies from a trust fund created by her grandfather years ago. She also knows Bontle's parents are earning more than the salary limit for qualifying for NSFAS funding. Dineo comments on Bontle's Facebook post by asking her how she managed to receive NSFAS funding, while she can fund her studies. Bontle then calls Dineo to explain that she and her parents decided she would use the money received from her grandfather's trust fund to buy her a brand new Mini Cooper! Bontle motivated that her grandfather worked hard for his money. She and her family feel they should benefit from their ancestor's years of hard work. Thus, Bontle and her parents arranged with Bontle's unmarried aunt (her mother's sister) to use her documents and payslip as substantiating proof that their household income was below the threshold for qualifying for NSFAS funding.

Do your own research and briefly explain:

Problem (a) Explain when interest is charged by NSFAS on study loans.

Problem (b) State three expenses that are covered by NSFAS funding. 

Problem (c) State the cut-off date for applications for NSFAS funding in 2021 for the 2022 academic year. 

Problem (d) Give the full web-address used in your research on NSFAS funding.