What Is NSFAS?

Advertisement
 

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.

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.

The scheme was established in terms of the National Student Financial Aid Scheme Act 56 of 1999.

NSFAS provides financial assistance in the form of bursaries to eligible students at public universities and Technical and Vocational Education and Training (TVET) Colleges in South Africa.

The requirements to be funded are as follows:

Must be a South African citizen

All SASSA grant recipients qualify for funding

Applicants must have a combined household income of not more than R350 000 per annum

Person with disability: Combined household income must not be more than R600 000 per annum

You started studying before 2018 and your household income is not more than R122 000 per annum.

If you wish to study or are already studying at a public university or TVET college and come from a family with an income of R350 000 or less, you qualify to be funded by NSFAS. 

NSFAS will cover your tuition fees, accommodation fees as well as give you transport, living and book allowances to make sure that your higher education is covered far beyond what you expect.

Prior to 2018, NSFAS was a loan scheme which required students to pay back their loan when they were able to do so and in 2018, they then became a bursary scheme. Anyone who started being funded by NSFAS before 2018 will need to repay the loan even if they were funded after NSFAS transformed into a bursary scheme.

For more information on NSFAS, click here.


Advertisement

 


Advertisement


Other Articles

Are you not sure which career direction you should take after matric? We asked the experts for some advice.

Some R350 grant beneficiaries might have had their application been rejected which lead them to appeal. It might occur that the appeal upholds the rejection status. Can something be done about this?

Advertisement


Latest SASSA Articles

Some R350 grant beneficiaries might have had their application been rejected which lead them to appeal. It might occur that the appeal upholds the rejection status. Can something be done about this?

Many applicants of the R350 Social Relief of Distress (SRD) grant have had their applications rejected for various reasons, but the question is what will happen if they don't appeal this status? Here is what the Independent Appeals Tribunal said on the matter. 


Advertisement


Careers Advice

As students and their parents look ahead to 2023, it is both an exciting and nerve-wracking time. Will you be able to study or work towards a qualification? What are the options? If you can, how much will it cost, and can you afford it? 

Learnerships are work-based learning programmes consisting of both theory and practical elements that give you an opportunity to gain work experience. If you are interested in joining in the police force, you might want to consider applying for the South African Police Services (SAPS) learnership programme.

Advertisement