The National Student Financial Aid Scheme (NSFAS) disburses the NSFAS bursary in response to the funding crisis of South African youth. This bursary covers all your higher education needs.
Does the bursary fund students who attend Stellenbosch University though?
Well, NSFAS provides funding to students who attend one of the 26 Public Universities or 50 TVET Colleges in South Africa. Seeing that Stellenbosch falls under this category, students will be funded, as long as they meet the other requirements.
So what are the NSFAS requirements?
- You must be a South African citizen
- You have financial constraints which don't allow you to fund your own studies such as:
- Having a combined household income that's under R350 000 per year
- You have a disability and your combines annual household income is less than R600 000
- You are a SASSA grant recipient
- You must be applying to get a formal qualification from a public university or TVET College, or already attending
- You must pass grade 12
The following allowances are disbursed to Stellenbosch students:
- A once-off Study Materials allowance of R5200
- An accommodation allowance which comes to R56 166 per year
- A Living Allowance of R15 000 per year
- An Incidental Allowance of R2900 for Stellenbosch campus students and R3190 for Tygerberg campus students per year
- A travel allowance of R7500 per year
NSFAS allowances are paid for 10 months (March to December) and 11 months (January to November) for Stellenbosch and Tygerberg students, respectively.