What does NSFAS cover?

The National Student Financial Aid Scheme plays a vital role in making higher education accessible to deserving South African students.

If you’re a prospective student who is dealing with the financial aspects of attending a public university or TVET college, understanding what NSFAS covers is necessary.

What is NSFAS?

NSFAS is a government bursary and loan program administered by the Department of Higher Education and Training (DHET).

Established in 1999, the scheme aims to bridge the financial gap for students from disadvantaged backgrounds seeking tertiary education.

What Types of Funding Does NSFAS Offer?

NSFAS offers two primary funding options:

  1. Bursary: This is a financial grant awarded to eligible students. The funds do not need to be repaid, making it an attractive option for many. However, bursaries may be converted to loans partially based on academic performance.
  2. Loan: A loan is a sum of money borrowed from NSFAS that must be repaid with interest after graduation and securing employment that meets a specific income threshold. Up to 40% of a loan can be converted into a bursary based on academic performance.

What Does NSFAS Cover?

The specific expenses covered by NSFAS funding depend on several factors, including your institution type (university or TVET college), living arrangements, and course of study.

Here’s a breakdown of the general categories:

  1. Tuition and Registration Fees: NSFAS covers the full cost of tuition and registration for all approved students at public universities and TVET colleges.
  2. University Allowances: University students receive additional allowances to cover essential living expenses, such as:
    • Accommodation: This can include on-campus residence fees or private accommodation costs, depending on your situation.
    • Living Allowance: This covers basic needs like food and personal care items.
    • Transport Allowance: This helps with commuting costs between your residence and place of study.
    • Learning Materials: An allowance is provided to assist with purchasing textbooks and other required course materials.
  3. TVET College Allowances: Students enrolled at TVET colleges receive a combined allowance that covers:
    • Accommodation (including meals): This takes care of your living expenses, including meals, if residing in a college hostel.
    • Transport Allowance: Similar to university students, TVET college students receive an allowance for commuting costs.
    • Personal Care Allowance: This covers basic necessities like toiletries.

Does NSFAS cover textbooks and other learning materials?

Yes, NSFAS provides an allowance specifically for learning materials like textbooks and prescribed course content.

The exact amount allocated may vary depending on your field of study.

How much allowance does NSFAS provide for accommodation?

The accommodation allowance for university students varies depending on the actual costs charged by the institution for on-campus residence or the documented rental fees for private accommodation.

NSFAS considers factors like the type of accommodation and geographical location when determining the allowance amount.

Do I need to repay a NSFAS bursary?

Generally, a NSFAS bursary does not require repayment.

However, a portion of the bursary may be converted into a loan depending on your academic performance.

NSFAS will communicate this conversion process clearly to you.

When do I need to repay a NSFAS loan?

You are not required to begin repayments on a NSFAS loan until you graduate or leave your studies and secure employment with a minimum income threshold set by NSFAS.

Repayments are calculated based on your income and are interest-bearing.

How do I apply for NSFAS funding?

The application process for NSFAS funding opens in August each year.

You can apply online through the NSFAS website or visit a designated NSFAS branch for assistance.

What documents do I need to apply for NSFAS?

The required documents for a NSFAS application may vary slightly from year to year.

It’s recommended to refer to the latest application guidelines on the NSFAS website for the most up-to-date information on necessary documentation.