No, ISFAP is not a loan, It is a bursary scheme that seeks to provide funding for underprivileged students that fall under the categories of "Poor" and "Missing Middle".
According to ISFAP's website, The average cost of study per student is R166 668.00. This value is based on the funding of over 1700 students across multiple universities and courses.
Furthermore, the funding covers expenses such as Tuition fees, Accommodation, Food, Learning materials as well as living allowances.
The funding model was established through the Department of Higher Education's ministerial task team. The bursary receives funding from non-profit organisations, government institutions, foundations in the private sector as well as local and international donors
If you are a student who is interested in applying online for funding from ISFAP then click here.
More Articles About ISFAP
- ISFAP Bursary Applications For 2025 Now Open
- What Is ISFAP?
- Who Are ISFAP and What Do They Do?
- How Much Are ISFAS Allowances?
- Must I Reapply For ISFAP Every Year?
- Will ISFAP Fund A Student More Than Once?
- Will The ISFAP Bursary Replace NSFAS?
- Who Qualifies For Funding From ISFAP?
- Is ISFAP A Loan?
- Requirements To Qualify For ISFAP Postgraduate Bursaries?
- How To Apply For ISFAP Postgrad Bursary?
- How ISFAP Chooses Who Receives Their Bursary
- ISFAP Covers More Than Just Your University Fees
- Which Courses and Universities Will the ISFAP Bursary Fund
- Will ISFAP Pay For UNISA Postgrad Courses
- Will ISFAP Fund TVET Students?
- What Does The ISFAP Bursary Cover?
- What Kind of Allowances Does ISFAP Give?
- Will ISFAP Pay My Registration Fee?
- Does ISFAP Pay For Student Accommodation?
- What's The Difference Between ISFAS and NSFAS?
- Will ISFAP Fund Me If I Have Another Bursary?
- Does ISFAP Fund Online Studies?
- How To Gain Access To The ISFAP Consent Form
- Here's What Is Needed To Stay Funded By ISFAP
- Will I Have To Pay ISFAP Back?
- ISFAP Is Funding Critical Skills Professionals
- Does ISFAP Fund Postgraduate Courses
- Does The ISFAP Bursary Cover Private College Courses?
