How NSFAS Works For Returning Students
Returning students interested in continuing their studies are welcome to apply for the bursary. However, these students need to know a few things before applying for NSFAS.
The National Student Aid Scheme (NSFAS) aims to assist students with accessing tertiary education at any of the 50 TVET colleges or 26 public universities. Students who studied previously without NSFAS funding are also welcome to apply.
Following the #FeesMustFall campaign, NSFAS changed the bursary criteria. Now students need to meet the following requirements to be eligible for funding:
- South African citizen or permanent resident.
- All SASSA grant recipients are eligible.
- Applicants whose combined household income is no more than R350 000 per year.
- Persons with a disability should have a combined household income of R600 000 or less per year.
Returning students who began studying before 2018 will be considered for the bursary if they meet the pre-2018 NSFAS academic and financial eligibility criteria.
Their combined household income threshold will be assessed in terms of the 2017 NSFAS DHET general fund requirements, i.e. up to R122 000 per year.
Allowances provided for accommodation, transport, learning materials and living expenses should align with the approved latest DHET guidelines.
Students at public universities and TVET colleges receive similar allowances, but different amounts to cater to their tertiary institution costs.
- Accommodation: As per the actual costs charged by the university (costs for private accommodation must not exceed costs for university residence).
- Transport (up to 40 km from the institution): R7 500 per year.
- Living allowance: R15, 000 per year.
- Book allowance: R5200 per year.
- Incidental/personal care allowance: R2900 per year for students in catered accommodation.
TVET College students
- Accommodation in an urban area: R24,000 per annum
- Accommodation in a peri-urban area: R18,900 per annum
- Accommodation in a rural area: R15,750 per annum
- Transport (up to 40 km from the institution): R7,350 per annum
- Transport: R7000 per annum
- Incidental/personal care allowance: R2900 per annum
Even students in their second year of studying will need to apply for NSFAS as long as they do not have any other form of funding.
Embed the following code for a video on all articles:
Once you have submitted your NSFAS application, you may have tracked your application status via your myNSFAS portal. Well, if you received a ‘Funding Eligibility’ status, here is what it means.
Students who have submitted their NSFAS bursary applications are reminded to check their application status regularly. Their application status may show ‘Application Submitted’, here is what it means.
As soon as students submit their applications, they are able to view their application status. They may see that they are on the ‘Validation’ step, here is what it means.
Most popular articles today
Applying for a Funza Lushaka bursary can get you one step closer to funding your teaching qualification. Here's how you can submit your application online.
Although there are many bursaries in South Africa that cover a range of course subjects, there are also a few bursaries that are dedicated specifically to students pursuing teaching. The following is a broken down list of a few of these teaching bursaries.
The Gauteng City Region Academy (GCRA) is a branch that aims to promote skills development in Gauteng. Keeping with this pursuit, the GCRA has a bursary fund for university students, and there are a number of requirements to be met to qualify for their bursary programme.
The class of 2021 recently receive their Matric results on Friday with a pass rate of 76.4% for public schools. It is safe to say that many are celebrating, while this may not be the case for those who got poor results or failed altogether.
The Fundi student loan option has been a saving grace for students who have lucked out on options for tertiary school funding. However, there are still a few necessities that a student will have to produce with their loan application to be considered for funding.
Other people were also interested in:
Are you hoping to attend or currently attend Nelson Mandela University and trying to figure out how you will pay your tuition? Well, if NSFAS funds their courses then you will be sorted.