How Much Must Your Parents Earn To Qualify For NSFAS?
The National Student Financial Aid Scheme (NSFAS) provides fully subsidised free higher education and training for poor and working class South Africans. Keep reading to find out what your parent's earnings should be for you to qualify for this bursary.
The National Student Financial Aid Scheme (NSFAS) is a government student bursary scheme which receives its funding budget from, and reports to the Department of Higher Education and Training. NSFAS will cover more than just your tuition fees, should you qualify.
NSFAS offers bursaries to South African students who plan to study at public universities and TVET colleges. They cover funding for registration, tuition and allowances.
So how much should your parents earn for you to qualify for this bursary?
NSFAS has stated that your combined household income should be under R350 000 per year for you to qualify. If you are a person living with a disability, your combined annual household income should be less than R600 000.
Other NSFAS requirements include the following:
- You are a South African citizen
- Financial constraints which doesn't allow you to fund your own studies such as:
- You are a SASSA grant recipient
- You are applying to get a formal qualification from a public university or TVET College
- You passed grade 9 to 12 (for those applying for TVET funding)
- You passed grade 12 (for those applying for University funding)
Once approved for the bursary, the only requirement to stay funded is that students need to pass their modules.
NSFAS will fund students for the entire duration of their course or degree. Most degrees take about 3 to 4 years, whereas medical degrees for example take up to 7 years. However, they will fund an extra year of study should a student fail one year.
A background in Logistics offers one the qualification to be able to oversee or organize the transportation, storage and distribution of goods within a business’ supply chain, which represents a vital part of the business’ ability to perform efficiently. For someone who has their sights set on a career in Logistics, South African private and public universities offer a great variety of qualifications within this field to choose from.
Most popular articles today
A bunch of us are patiently waiting for NSFAS to announce when their 2022 applications will open. Now, the financial aid scheme has given us some insight into why we are seeing this delay.
Applications to register for the Second Chance Programme are currently open. The programme aims to help those learners who did not pass their National Senior Certificate or Extended Senior Certificate. Below you may find more about this program.
Other people were also interested in:
The Funza Lushaka Bursary is a program established to support teaching studies and available to qualified students to complete a teaching degree. If you are a UINSA student and you want to find-out if your PGCE qualification will be funded by the Funza Lushaka bursary, we have answers for you.