Will The ISFAP Bursary Replace NSFAS?

Advertisement
 

Ikusasa Student Financial Aid Programme (ISFAP) is a bursary for students who require financial support to study at a tertiary institution. Which you may think sounds similar to NSFAS, well keep on reading to find out if ISFAP replaces NSFAS.


Advertisement
 

In 2016, Dr Blade Nzimande the Minister of Higher Education and Training appointed Mr Sizwe Nxasana to lead a Ministerial Task Team to explore various funding options for students who need financial assistance to study at tertiary institutions.

The report that came from this process proposed a model that brings the Public and Private sectors together.

A pilot programme was designed to test aspects of this model. In 2018 the pilot ended with ISFAP being registered as a Public Benefit Organisation.

Students who fall under the "poor" and "missing middle" category qualify for ISFAP. "Poor" and "missing middle" students are based on the student's household income. 

Students who fall under the "poor" category have a household income of R0 to R350 000 per annum and "missing middle" students have a household income of R350 000 to R600 000 per annum.

You may think ISFAP sounds similar to NSFAS and may replace NSFAS, however, ISFAP will not replace NSFAS. NSFAS will continue to fund students with a household income of R350 000 or less.

ISFAP was started to fund students who are outside the NSFAS realm.

You will qualify for the funding depending on the following:

  • Household income
  • Academic criteria and registration
  • National benchmark test
  • Matric results
  • Funder constraints

Click here to visit the website.


Advertisement

 


Advertisement


Other Articles

Sasol is inviting high-performing mathematics and science learners currently in Grade 12 to apply for an all-inclusive bursary to study engineering and science degrees at approved South African universities.

The best way to find a good career is to research your options and understand what makes a job "good." Career experts often recommend that people who are still in school should focus on finding a job that uses their skills and gives them a sense of meaning - these are two main factors for creating the potential for happiness in a career. A happy workplace can make all the difference, and this kind of information can help you figure out which careers seem like they might be a good fit.

Advertisement


Latest SASSA Articles

South Africa is a country that is not only populated by its local citizens but also refugees who call it home. When it comes to social security, the question arises as to whether refugees can also qualify to receive the Sassa R350 grant. Here is the answer to that question.

Are you wanting to apply for a Sassa grant but need access to your One Time Pin, which is also known as an OTP? Here's a guide on how to access your Sassa OTP to access your form.


Advertisement


Careers Advice

Diesel mechanics are the people to go to when you want your diesel motor fixed. They are skilled technicians who diagnose and repair damaged motors, making sure that they run properly and efficiently.

A fitter and turner is someone who works with metal or plastic, measuring and cutting it to precise measurements before assembling it into the final product. This can include cars, aircrafts, appliances, and electronics.

Advertisement