How much must I earn to qualify for NSFAS?

The National Student Financial Aid Scheme (NSFAS) is concerned with helping out many South African students who come from disadvantaged backgrounds.

It grants financial aid to deserving individuals, allowing them to pursue their academic dreams at public universities and TVET colleges.

Who is NSFAS for?

NSFAS prioritizes students from low-income households who wouldn’t otherwise be able to afford university or TVET college fees.

Their mission is to broaden access to education and empower individuals to contribute meaningfully to South Africa’s future.

Income Thresholds for NSFAS Funding

The primary criterion for NSFAS eligibility is your combined household income.

Below is a brief detail of the income thresholds:

  1. General Threshold: For most applicants, the total combined household income must be less than R350,000 per year. This translates to roughly R29,167 per month.
  2. SASSA Grant Recipients: If you or someone in your household receives a South African Social Security Agency (SASSA) grant, you automatically qualify for NSFAS funding, regardless of your household income.
  3. Students with Disabilities: Students with disabilities have a higher income threshold. Their combined household income must be less than R600,000 per year (approximately R50,000 per month).
  4. Previous Qualification Holders (Started Studying Before 2018): If you began your studies before 2018, a special concession applies. You might still qualify with a combined household income of less than R122,000 per year.

How do I apply for NSFAS funding?

Applications for NSFAS funding typically open in August each year.

You can apply online through the NSFAS website or visit an NSFAS branch office for assistance.

What documents do I need to submit with my NSFAS application?

You’ll need various documents to support your application, including proof of identity, income documentation for your household members, and proof of registration with your chosen institution.

The complete list of required documents can be found on the NSFAS website.

How much funding will I receive from NSFAS?

The amount of funding you receive depends on various factors, including your chosen institution, field of study, and your location.

NSFAS funding covers tuition fees, accommodation costs, a living allowance, and a book allowance.

Can I Still Qualify for NSFAS if I Work?

Yes, you can still qualify for NSFAS funding even if you have a part-time or full-time job.

NSFAS does not consider your personal income when a combined household income assessment applies.

However, your employment status might influence your funding category (bursary or loan) depending on the total household income.

What if My Parents Earn More Than the Threshold?

If your household income exceeds the stipulated thresholds, you may not be eligible for a full NSFAS bursary.

However, there are alternative options to explore:

  1. NSFAS Student Loan Scheme: For applicants whose family income falls between R350,000 and R600,000 per year, NSFAS offers a student loan scheme. This scheme provides financial assistance with repayment terms commencing after graduation.
  2. Alternative Bursaries: Numerous public and private bursary schemes exist in South Africa. Research bursaries offered by universities, government departments, or private organizations based on your field of study or specific needs.