How to Apply for 2026 FASSET’s Outstanding Study Debt Repayment

South Africa’s student debt crisis is a significant hurdle for many graduates, preventing them from accessing certificates, securing jobs, or pursuing further studies. The Finance and Accounting Services Sector Education and Training Authority (FASSET) is tackling this issue with its 2025 & 2026 Outstanding Study Debt Repayment Programme, offering up to R80,000 per applicant to settle debts owed to universities, public institutions, or NSFAS. With applications open until midnight on 27 February 2026, this guide provides a clear, step-by-step process to help you apply successfully and maximize your chances of approval.

Why This Programme Is a Game-Changer

FASSET’s initiative provides critical financial relief for graduates in the Finance and Accounting Services (FAS) sector, both employed and unemployed. By clearing or reducing outstanding study debts, it removes barriers to career progression, enabling you to obtain withheld certificates, register with professional bodies, or apply for jobs. Funding is limited and allocated on a first-come, first-served basis, so acting quickly is essential. Follow these steps to ensure your application is complete and submitted correctly.

Step-by-Step Application Process: How to Apply for 2026 FASSET’s Outstanding Study Debt Repayment

Step 1: Confirm Your Eligibility

Before applying, verify that you meet FASSET’s eligibility criteria:

• Sector Connection: You must work in the FAS sector (e.g., accounting, auditing, financial management) or be affiliated with a relevant professional body (e.g., SAICA, SAIPA). Unemployed applicants qualify if they have a completed FAS-relevant qualification.
• Qualification: You must have completed a degree, diploma, or certificate from a public institution (university, university of technology, or TVET college) aligned with the FAS sector.
• Income Limits: Employed applicants must earn R660,000 or less annually; unemployed applicants must have a household income of R1,000,000 or less per year.
• Outstanding Debt: You must have an unpaid study loan or debt with NSFAS or a public institution for the completed qualification.
• Funding Cap: Up to R80,000 per year, subject to budget availability.

Tip: Review FASSET’s guidelines on their website (https://fasset.org.za/downloads.html) to confirm your qualification aligns with scarce skills in the FAS sector, such as accounting or financial management.

Step 2: Gather Required Documents

FASSET requires specific documents in PDF format, as outlined in Section F of their guidelines. Incomplete or incorrect submissions may lead to rejection, so prepare carefully. You’ll need:

• Certified ID or Passport: A copy certified within the last 3-6 months.
• Proof of Employment: If employed, provide a recent payslip, contract, or employer letter. If unemployed, submit a household income affidavit.
• Academic Records: Official transcripts and proof of your completed qualification (e.g., degree certificate).
• Proof of Debt: A recent statement (no older than 30 days) from NSFAS or your institution showing the outstanding balance.
• Declaration Form: Included in the application form, to be signed.

Tip: Double-check certification dates and ensure debt statements are current. Contact your institution or NSFAS if you need updated records.

Step 3: Download the Application Form

Visit FASSET’s official downloads page (https://fasset.org.za/downloads.html) to access the “2024-2025 Application Forms-Outstanding Study Debt Repayment.” This form is likely applicable for the 2025-2026 cycle, but confirm with FASSET via email ([email protected]) if a newer version exists.

Alternatively, FASSET may provide an online form at https://forms.office.com/r/hj5NyP22ZS. Test the link to ensure it’s active; if it doesn’t work, rely on the downloadable form or contact FASSET for guidance.

Step 4: Complete the Application Form

Fill out the form accurately, ensuring all personal details match your supporting documents. Key sections typically include:

• Personal information (name, ID number, contact details).
• Employment status and income details.
• Qualification and institution details.
• Debt information (amount owed, institution/NSFAS details).
• Declaration of accuracy and consent.

Tip: Be precise with details like qualification names and debt amounts to avoid delays or rejection.

Step 5: Upload or Attach Documents

If using the online form, upload all required PDFs as instructed. If submitting via email, attach the completed form and documents to your email. Ensure files are clearly named (e.g., “ID_YourName.pdf”, “Debt_Statement_YourName.pdf”) for easy processing.

Step 6: Submit Your Application

• Email Submission: Send your application to [email protected] with the subject line “FASSET Outstanding Study Debt Repayment Application 2025/2026.”
• Online Form: If using the Microsoft Forms link (https://forms.office.com/r/hj5NyP22ZS), submit directly through the platform.
• Save Proof: Take a screenshot of the submission confirmation or keep a copy of your sent email for records.

Tip: Submit early, as funding is allocated first-come, first-served, and the budget may run out before the 27 February 2026 deadline.

Step 7: Follow Up and Await Feedback

• Timeline: Successful applicants will be notified within 3 months of submission. If you don’t hear back, your application is likely unsuccessful.
• Queries: For updates or issues, contact FASSET at [email protected], [email protected], or 011 476 8570.

Tip: Mark the 3-month date on your calendar and follow up if needed, but avoid repeated inquiries to respect the processing timeline.

Key Dates to Remember

• Application Open: Now open for 2025 & 2026.
• Deadline: Midnight (00:00), 27 February 2026, or earlier if funds are depleted.
• Feedback: Within 3 months for successful applicants only.

Tips for a Successful Application

• Apply Early: With limited funding, early submission increases your chances.
• Double-Check Documents: Ensure all PDFs are complete, certified, and correctly formatted.
• Verify Eligibility: Confirm your qualification and debt align with FASSET’s requirements.
• Keep Records: Save copies of all documents and your submission confirmation.
• Seek Help if Needed: Contact FASSET’s call centre for clarification on forms or eligibility.

Why Act Now?

This programme can clear up to R80,000 of your study debt, freeing you to pursue career goals without financial burdens. Whether you’re an employed professional seeking a promotion or an unemployed graduate looking for your first job, this relief can make a significant difference. With funds awarded on a first-come, first-served basis, waiting could mean missing out.

Conclusion

FASSET’s Outstanding Study Debt Repayment Programme is a vital opportunity for graduates in the Finance and Accounting Services sector to overcome the burden of student debt. By following this step-by-step guide, you can submit a strong application and take a significant step toward financial freedom. Visit https://fasset.org.za for the latest forms and guidelines, and don’t hesitate to contact FASSET for support. Apply today—your future in the FAS sector is worth it!