How much must your parents earn to qualify for NSFAS?

The National Student Financial Aid Scheme (NSFAS) is a financial lifeline for many South African students from disadvantaged backgrounds.

It removes the financial barrier to accessing tertiary education, allowing students to focus on their studies and achieve their academic goals.

However, eligibility for NSFAS funding is determined by several factors, including household income.

What is NSFAS Funding?

NSFAS is a government entity established to provide financial assistance to South African students pursuing studies at public universities, Technical and Vocational Education and Training (TVET) colleges, and some private institutions.

This assistance comes in the form of a bursary, which covers tuition fees, living allowances, and other essential expenses.

Who is eligible for NSFAS funding?

NSFAS prioritizes funding for students from low-income households.

These are the primary criteria:

  1. South African Citizenship or Permanent Residency: You must be a South African citizen or permanent resident.
  2. Financial Need: Your combined household income must fall within the NSFAS threshold.
  3. Study Choice: You must be registered for a qualification at a public university or TVET college in South Africa.
  4. SASSA Recipient: If you or your household members are SASSA grant recipients, you automatically qualify for NSFAS funding based on financial need.

What is the household income threshold for NSFAS eligibility?

The household income threshold is a major factor in determining NSFAS eligibility.

As of 2024, the combined gross household income for applicants must be below R350,000 per annum.

However, there’s an exception for students with disabilities:

  • Students with Disabilities: If you have a disability, the combined gross household income threshold increases to R600,000 per annum.

It’s important to remember that NSFAS considers your total household income.

This includes income from all sources earned by parents, guardians, siblings (18 years and older), and any other household members financially supporting you.

How does NSFAS determine household income?

NSFAS uses a comprehensive approach to assess household income.

They consider the following factors:

  1. Income from employment: Salaries, wages, and business income of all household members are taken into account.
  2. Social grants: Any social grants received by household members are included in the income assessment.
  3. Investments and rental income: Income generated from investments and rentals is also considered.
  4. Household deductions: NSFAS allows deductions for taxes paid and household expenses based on the location, size, and composition of the home.

While the R350,000 or R600,000 thresholds provide a general guideline, NSFAS considers various income sources and deductions to determine your final financial need.

Does my own income affect my NSFAS eligibility?

Yes, your income is considered as part of the total household income assessed by NSFAS.

Even if you have a part-time job, your earnings will be included in the income calculation.

However, having a part-time job generally wouldn’t disqualify you from NSFAS funding if your combined household income remains below the threshold.

What happens if my parents’ income changes during my studies?

NSFAS requires you to update your financial information annually.

If your household income increases above the threshold during your studies, NSFAS may review your funding status.

It’s good to be upfront about any changes in your financial circumstances to avoid complications.

What if I don’t know my parents’ income?

NSFAS requires an honest effort to obtain your parents’ income details.

If you genuinely cannot access this information, you can explain the situation to NSFAS and provide any supporting documentation available.

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 by visiting a participating NSFAS office.

What documents do I need to apply for NSFAS?

The required documents for an NSFAS application can vary slightly each year.

It’s recommended to check the latest requirements on the NSFAS website closer to the application opening date.

Generally, documents include proof of identity, residence, income, and your academic record.

What if my NSFAS application is rejected?

If your NSFAS application is rejected, you have the right to appeal the decision. The NSFAS website provides a clear appeals process.

You can also contact NSFAS for assistance with your appeal.