What is NSFAS?
The National Student Financial Aid Scheme (NSFAS) is a South African government student financial aid scheme which provides financial aid to undergraduate students to help pay for the cost of their tertiary education after finishing high school. It is funded by the Department of Higher Education and Training.The program also manages bursaries such as the Funza Lushaka Teacher Bursary (for students pursuing a teaching qualification). Eligibility for the Funza Lushaka Teaching Bursary is fairly broad, yet specific enough to ensure that candidates with a genuine passion for teaching and education are selected. Applicants must be South African citizens with a good academic record and a commitment to a career in teaching, especially in subjects where there’s a high demand for educators. , DHET Disability Bursary and other bursaries from the Sector Education and Training Authorities (SETAs).
Is NSFAS a Loan or a Bursary?
NSFAS used to offer loans, but now it mainly provides bursaries.
This means:
- You typically don’t have to repay the money
- As long as you meet academic requirements and complete your studies
However, there are conditions you must follow to keep your funding.
Who receives NSFAS?
Focus on “missing middle”: A new loan scheme targets students from families earning between R350,000 and R600,000 per year. This aims to expand access for those who wouldn’t qualify for full bursaries but still face financial constraints.
Gradual increase in academic requirements: The minimum pass rate for continued funding is rising incrementally to encourage academic progress.
How much do NSFAS students get?
| Allowance Category | Annual Amount | Self-Catered Res |
|---|---|---|
| Living Allowance | R15 000.00 | R1 500.00 |
| | | R1 364.00 |
| Incidental Allowance | R2 900.00 | |
| | R3 190.00 |
How to register on MyNSFAS as a new user:
- Visit the MyNSFAS website: https://my.nsfas.org.za.
- Click on the “Register” button.
- Enter your South African ID number and your date of birth.
- Create a password and security question.
- Enter your contact information (email address and phone number).
- Agree to the terms and conditions.
- Click on the “Register” button.
Once you have registered, you can:
- Start a new application for financial aid.
- Track the status of your application.
- Upload supporting documents.
- View your funding status.
- Update your personal information.
University Students Academic Eligibility
- The introduction of a 50% credit pass rate requirement for first-year university students seeking NSFAS funding marks a pivotal shift in how financial support is allocated. This criterion is not just a mere policy adjustment; it embodies a broader vision for enhancing the quality of higher education in South Africa.
- For both continuing and First Time Entering Students (FTEN) at universities, a 60% course credit pass rate by the end of the 2024 academic year is required for 2025 funding eligibility. This criterion underscores the continuous expectation of academic achievement throughout one’s studies.
TVET College Academic Eligibility
For students enrolled in the National Certificate (Vocational) [NC(V)] programs, academic progression is a key determinant for NSFAS funding eligibility. Specifically:
- Subject Pass Requirement: To progress to the next NC(V) level and qualify for a NSFAS bursary, students must have passed at least five subjects in their previous NC(V) level. This criterion ensures that students are academically prepared to take on the challenges of the next level, reinforcing the importance of consistent academic performance.
Report 191 Program Progression
Students pursuing Report 191 programs, which include NATED courses leading to national diplomas in technical and vocational fields, face their own set of academic progression criteria:
- Minimum Subject Passes: Progression to the next Report 191 level, and eligibility for NSFAS funding, requires students to have passed a minimum of three subjects in the previous N-Level. This requirement is designed to maintain a standard of academic achievement and readiness for advancing through the successive levels of the program.
Academic Criteria for Occupational Programs
TVET colleges offer a range of occupational programs designed to equip students with the skills needed for specific careers. The academic progression criteria for students in these programs are as follows:
- College-Determined Criteria: The academic progression requirements for continuing students in occupational programs are determined by the individual TVET colleges. These criteria are tailored to the specific demands and outcomes of each program.
- Communication with NSFAS: TVET colleges are responsible for sharing the results and academic progression of students in occupational programs with NSFAS. This ensures that funding decisions are informed by accurate and up-to-date information regarding each student’s academic status.
How do I know that I will be funded by NSFAS?
FAQs About NSFAS
What does NSFAS stand for?
It stands for National Student Financial Aid Scheme.
Is NSFAS a loan?
No, it is mainly a bursary that does not require repayment if conditions are met.
Who qualifies for NSFAS?
South African students from low-income households studying at public institutions.
Does NSFAS fund private colleges?
No, it only funds public universities and TVET colleges.
What costs does NSFAS cover?
Tuition, accommodation, transport, books, and personal allowances.
What is the income threshold?
R350,000 per household, or R600,000 if disabled.
How do I apply for NSFAS?
Apply online through the myNSFAS portal.
When should I apply?
Between September and January each year.
Can I apply using my phone?
Yes, the application system is mobile-friendly.
How long does approval take?
It may take several weeks to months.
Can I appeal if rejected?
Yes, appeals can be submitted through your NSFAS account.
What is the N+ rule?
It is the maximum time NSFAS will fund your studies.
Do I need to reapply every year?
Usually not, but you must maintain eligibility.
Does NSFAS cover accommodation?
Yes, if approved.
What happens if I fail?
You may lose funding if you don’t meet academic requirements.
Can working students apply?
Yes, if they meet income criteria.
Is there an age limit?
No strict age limit exists.
Can I change my course?
Yes, but it may affect your funding duration.
Do TVET students qualify?
Yes, NSFAS supports TVET college students.
How do I check my application status?
Log into your myNSFAS account.
