NSFAS is a financial aid program established by the South African government to assist students from disadvantaged backgrounds in pursuing higher education.
Funded by the Department of Higher Education and Training (DHET), NSFAS offers a combination of grants and bursaries to eligible students enrolled at public universities and Technical and Vocational Education and Training (TVET) colleges.
What is NSFAS South Africa?
Launched in 1996, The National Student Financial Aid Scheme (NSFAS) falls under the Department of Higher Education and Training (DHET).
Its primary mission is to increase access to and success in tertiary education for students from low-income backgrounds.
NSFAS offers various funding options, including bursaries and loans, depending on the specific financial circumstances of the applicant.
The program aims to remove financial barriers that prevent deserving students from entering public universities and Technical and Vocational Education and Training (TVET) colleges.
Who qualifies for NSFAS in South Africa?
To be eligible for NSFAS funding, students must meet the following criteria:
- Be a South African citizen
- Intend to study at a public university or TVET college in South Africa
- Come from a household with a combined family income that falls within the NSFAS income threshold (the exact amount is subject to change annually)
- Demonstrate financial need
In addition to these core requirements, NSFAS might consider other factors such as disability status and dependency on foster care.
It’s important to consult the latest NSFAS guidelines for the most up-to-date eligibility criteria.
Is NSFAS a loan or a bursary?
An important distinction to remember is that NSFAS funding is not a loan.
There is no obligation to repay the funds as long as you meet the academic progress requirements set by NSFAS.
However, there may be consequences for not meeting these requirements, such as the suspension of funding.
Is NSFAS only for South African students?
Yes, NSFAS funding is exclusively available to South African citizens or permanent residents who plan to study at public institutions within South Africa.
The program’s purpose is to encourage South Africans from disadvantaged backgrounds to access higher education and contribute to the country’s development.
How much is the NSFAS allowance?
The NSFAS allowance varies depending on the student’s specific needs and chosen field of study.
The funding typically covers tuition fees, living expenses (including accommodation and meals), and travel costs.
NSFAS uses a set funding framework to determine the amount allocated to each student.
For the most accurate information on the current NSFAS allowance structure, it’s advisable to refer to the official NSFAS website or contact their offices directly.
How many months does NSFAS pay?
NSFAS funding is generally disbursed for the entire academic year and normally covers a period of 10 to 12 months.
This ensures that students have the financial support they need to focus on their studies throughout the academic year.
How do you receive NSFAS money?
NSFAS disburses funds directly to the student’s chosen bank account or through a NSFAS-approved student card.
Students are required to open a bank account if they don’t already have one.
NSFAS communicates the disbursement method to successful applicants during the application process.
NSFAS funding is intended to be used for educational purposes.
Students are expected to manage their allowances responsibly to cover essential expenses related to their studies.