What Are the NSFAS Bursaries I Can Apply For. NSFAS, commonly known as the National Student Financial Aid Scheme, is a crucial component of the national government financial assistance program for university and TVET college students.
Rising Costs of Higher Education
Students are experiencing increasing difficulties in financing their studies independently as higher education expenses continue to rise.
NSFAS: A Key Financial Support Mechanism
The National Student Financial Aid Scheme is the national government’s vehicle for channeling funds to needy students to alleviate the financial burden associated with pursuing tertiary education.
Government Commitment to Equal Access
In order to cultivate a diverse and skilled workforce, the government allocates a substantial budget to higher education and training each year.
NSFAS Bursary Eligibility Criteria
Despite the government significant funding, NSFAS bursaries are not available to all students. Students are selected to receive financial assistance only if they meet specific criteria outlined by NSFAS.
Qualiifying Criteria for NSFAS Bursaries
Consider the following criteria provided by the NSFAS website when determining whether you qualify for a bursary:
South African Citizenship
- Applicants must be South African citizens.
Household Income Threshold
- The combined annual household income should not exceed R350,000 per annum.
SASSA Grant Recipients
- Individuals receiving SASSA grants are eligible to apply.
First-Time University Registration
- In order to qualify, you must be enrolled for the first time in an undergraduate degree program at a public university or in a TVET program for the National Certificate Vocational or report 191.
Application for a Qualification
- Eligibility extends to those applying to study at a public university or TVET college for a qualification.
Already Registered University Students
- Existing university students with an annual household income below R122,000 are eligible to apply.
Grade 9 & 10 Qualification
- Passed Grade 9 & 10 to receive NSFAS funding for studies at a TVET college.
Grade 12 Qualification
- Passed Grade 12 to receive NSFAS funding for studies at a university.
Conclusion
NSFAS serves as a vital lifeline for South African students pursuing higher education. By adhering to specific eligibility criteria, aspiring individuals can access financial support, ensuring that the pursuit of knowledge remains an inclusive and achievable endeavor for all.
