A method for feedback-based network slice management includes steps performed at a network slice management function (NSMF) including at least one processor. The steps include subscribing, via a network data analytics function (NWDAF) subscription interface of the NSMF, directly with the NWDAF to create a subscription to be notified of network slice load information and specifying, as part of the subscription, network slice load information report generation criteria defined by the NSMF. The steps further include receiving, directly from the NWDAF, via the NWDAF subscription interface of the NSMF and in response to the NSMF-defined network slice load information report triggering criteria being met, network slice load information. The steps further include determining, based on the network slice load information, that a network slice resource allocation change is needed. The steps further include, in response to determining that a network slice resource allocation change is needed, dynamically changing the network slice resource allocation during operation of a network slice.