Technical and Vocational Education and Training (TVET) colleges offer a wide range of courses aimed at equipping students with skills that they can use to secure employment. These students can also use these skills to start their own businesses and entrepreneurial pursuits.
There are 50 public TVET colleges located around South Africa. Due to TVET colleges being public institutions, its students may be eligible to benefit from the National Student Financial Aid Scheme (NSFAS).
Nsfas bursaries ensure students don't have to worry about the cost of tertiary education. They must meet the NSFAS qualification criteria in order to receive Nsfas funding.
It's important to note that students who are already receiving Nsfas bursaries must meet certain academic criteria to keep their bursary as they progress through their tertiary education journey.
Here The Nsfas Academic Criteria For Returning Student
- A bursary may only be awarded to students progressing to the next NC (V) level if they passed at least 5 subjects in the previous NC(V) level.
- A bursary may only be awarded to students progressing to the next Report 191 level if they passed a minimum of 3 subjects in the previous N-Level.
- Must not exceed the N+Rule
The TVET college N+ Rule is based on NSFAS funded academic terms at TVET Colleges.
The additional NSFAS funded academic term may be for repeating at any level from the entry academic term to exit the academic term.
The policy notes that the N+ Rule does not apply to occupational programmes as “these programmes are aligned to employment contracts which do not make provision for the N+1 period of study.
NSFAS reserves the right to terminate financial assistance to a student if they no longer meet the eligibility criteria outlined in the policy, if they are found guilty of defrauding NSFAS or another beneficiary, if they were mistakenly funded, if inaccurate information was provided by the institution leading to erroneous funding, if the student provided false information when required, or if conflicting registration records from different institutions for the same student are unresolved.
NSFAS provides bursaries to students from poor and working-class backgrounds. Students who are approved for Nsfas bursaries will have their tuition and accommodation costs covered. They will also receive allowances for stationery, meals and transportation.