Is NSFAS A Bursary Or Loan?
When applying to tertiary institutions, there is always a concern about how you will pay the tuition. This is when you may come across NSFAS. To find out whether it is a bursary or loan, keep on reading...
The National Student Financial Aid Scheme (NSFAS) is a government entity that falls under the Department of Higher Education and Training.
NSFAS offers financial support to students who do not have the means to pay for their studies at tertiary institutions (public universities or TVET colleges).
NSFAS operated as a loan until December 2017 and since 2018, NSFAS has been a bursary scheme.
If any of the following applies to you then you qualify for this bursary:
- South African citizen
- SASSA grant recipients qualify for funding
- Applicants whose combined household income is not more than R350 000 per annum
- A person with a disability: Combined household income must not be more than R600 000 per annum
- Students who started studying before 2018 whose household income is not more than R122 000 per annum.
You are welcome to apply for funding to any public universities or TVET colleges.
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