What is the difference between NSFAS and Fundi?

There are many options for funding and so you may be wondering what the pros and cons are of different financial aid schemes. 

 

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There are many options for funding and so you may be wondering what the pros and cons are of different financial aid schemes. 

 

What is NSFAS?

The National Student Financial Aid Scheme (NSFAS) is a government run bursary scheme for students, which receives its funding budget from the Department of Higher Education and Training (DHET) and also reports to the DHET. NSFAS provides bursaries to students who meet their requirements and are studying at public universities or Technical and Vocational Education and Training (TVET) Colleges in South Africa.

 

What does NSFAS cover?

NSFAS covers tuition fees and accommodation fees. NSFAS further may cover transport costs, living expenses and book allowances. 

 

What are the requirements? 

  • Must be a South African citizen.
  • All SASSA grant recipients qualify for funding.
  • Applicants must have a combined household income not more than R350 000 per annum
  • The person with a disability: Combined household income must not be more than R600 000 per annum
  • If you started studying before 2018 and your household income is not more than R122 000 per annum.

If you wish to study or are already studying at a public university or TVET college and come from a family with an income of R350 000 or less, you qualify to be funded by NSFAS. 

If you would like more information, you can visit the NSFAS website

 

What is Fundi?

Fundi is a South African Education Finance specialist who hopes to provide students with the financial aid they need to support them through their studies. 

 

What does Fundi cover?

  • Study loans 
  • Short courses
  • Accommodation loans
  • Executive loans
  • MBA funding (Master of Business Administration degree)
  • Study device loans
  • Educational tools

 

To learn more about Fundi, you can read here

Article Category

NSFAS Articles

The wait is almost over, as applications for NSFAS funding will be opening soon. Minister Blade Nzimande held a media briefing on Thursday morning to reveal when students can start applying. 

Students who are funded by NSFAS qualify to receive allowances directly from the financial aid scheme. These allowances are kept in their NSFAS wallets. Here's how you can check your NSFAS wallet balance.

Boland College has opened applications for NSFAS appeals and applications. The TVET College has announced the period for application submissions. 

After closing due to the lockdown in 2020, NSFAS has officially reopened its walk-in centre. This means hopeful applicants, as well as current NSFAS bursary holders, can visit the centre for assistance.

If you are currently receiving funding from the National Student Financial Aid Scheme (NSFAS), you might be wondering if you can apply for the R350 grant. 

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