The National Student Financial Aid Scheme is a vital resource for countless South African students.
It provides financial support to pursue higher education at public universities and TVET colleges.
NSFAS itself doesn’t charge students anything.
It functions as a financial aid provider, offering various allowances to cover the costs associated with your studies.
However, the specific amount you receive depends on several factors, which we’ll explore in detail throughout this guide.
Does NSFAS Cover Everything?
NSFAS funding aims to alleviate the financial burden of tertiary education for eligible students.
It provides allowances to cover a range of essential expenses, but it’s important to understand that it might not cover everything.
These are the things that NSFAS usually covers:
- Tuition fees: NSFAS covers the full tuition fees charged by your public university or TVET college, as set by the institution itself. This eliminates the worry of upfront payments or outstanding tuition balances.
- Living allowance: You’ll receive a monthly allowance to assist with basic living expenses like food, transport, and personal care items. The amount varies depending on your study location, living arrangements (on-campus or off-campus), and your dependency status (whether you have dependents).
- Learning materials allowance: TVET college students specifically receive an additional allowance for learning materials like textbooks and other essential resources (around R5,200 annually in 2024).
- Accommodation allowance: For students residing in accredited private accommodation, NSFAS may contribute to the cost, but this amount cannot exceed the cost of on-campus residence.
What NSFAS Doesn’t Cover?
Here are some expenses that typically fall outside the coverage of NSFAS funding:
- Registration fees: These fees are separate from tuition and may need to be covered by the student.
- Textbooks and other learning materials: University students don’t receive a dedicated learning materials allowance like TVET college students.
- Travel costs to and from your institution: Unless there’s a specific transport allowance included in your funding package, travel costs are generally not covered.
- Personal expenses: Items like entertainment, cell phone bills, and clothing are your responsibility.
How Much Does NSFAS Pay for Tuition?
NSFAS covers the full tuition fees charged by your public university or TVET college.
This means you won’t have to pay any tuition fees out of pocket.
The actual amount will vary depending on your chosen program and institution.
What other Allowances Do I Get with NSFAS?
In addition to tuition coverage, NSFAS offers living and learning material allowances (for TVET college students).
The exact amounts for these allowances depend on several factors:
- Your study location: Allowances are typically higher for students studying in major cities with a higher cost of living.
- Your living arrangements: Students living on campus generally receive a lower living allowance compared to those in private accommodation (up to a capped amount).
- Your dependency status: Students with dependents (children or spouses) receive a slightly higher living allowance to account for additional expenses.
Do I Need to Pay Back NSFAS Funding?
The good news is that NSFAS funding is generally not considered a loan, and you don’t need to pay it back as long as you meet the academic progress requirements set forth by NSFAS.
These requirements involve maintaining a specific minimum pass rate in your coursework.
What if My NSFAS Funding Doesn’t Cover All My Expenses?
There are situations where your NSFAS funding might not cover all your needs.
These are some options you can consider:
- Budgeting: Carefully plan your expenses and prioritize needs over wants.
- Part-time work: Consider taking on a part-time job to supplement your income.
- Scholarships and bursaries: Explore additional funding opportunities offered by universities, private organizations, or government departments.
- Speak to a financial aid counselor: Your university or TVET college may have a financial aid office that can help you figure out your next move.