The National Student Financial Aid Scheme (NSFAS) is a state-owned entity, established in terms of an act of Parliament of the Republic of South Africa. It is responsible for providing bursaries to eligible students at all public universities, and Technical and Vocational Education and Training (TVET) colleges throughout the country. In addition to the managing of funds granted by the Department of Higher Education and Training (DHET), NSFAS administers funding on behalf of the Department of Basic Education and Training and the Department of Social Development amongst other national and provincial government departments and entities.