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False Bay TVET College will assist you with your NSFAS Bursary Application!

NSFAS FUNDING AT TVET COLLEGES

What is The National Student Financial Aid Scheme (NSFAS)?

NSFAS was established in terms of the National Student Financial Aid Scheme (Act No. 56 of 1999).

The mission statement is made up of three well-defined elements, which describe why NSFAS exists and its impact on the people it serves:

  • NSFAS exists to provide financial aid to eligible students at public TVET colleges and public universities
  • NSFAS identifies eligible students, provides bursaries and collects past student loan repayments to replenish the funds available for future generations of students
  • NSFAS supports access to, and success in, higher education and training for students from poor and working-class families who would otherwise not be able to afford to study

Qualification Criteria

  • Only South African citizens are eligible for the NSFAS bursary scheme
  • A student must be registered or intending to register to study at a TVET college
  • Applicants will qualify for funding if they fall within the maximum threshold of up to R350 000 of combined gross family income per annum
  • Returning students (studied prior to 2018) will qualify if they fall within the maximum threshold of up to R122 000 of combined gross family income per annum

What does the bursary cover?

  • Tuition
  • Incidental/Personal care allowance
  • Transport (students who reside between 0 – 9.9 km qualify for a transport allowance)
  • Accommodation (only for students whose home address is 10km or more from their registered campus)
  • Accommodation in an urban area
  • Accommodation in a peri-urban area
  • Accommodation in a rural area
  • Registration

Additional support

NSFAS-funded students who have a disability are further supported through an additional allowance for:

  • Assistive Devices: Limited to one Assistive Device for the duration of study
  • Human Support: To cover the cost of a caregiver, guide dog, scribe, tutor or sign language interpreter

Application dates are communicated on campus at the False Bay TVET College.

NSFAS students and prospective NSFAS students are required to open and regularly check their myNSFAS accounts for NSFAS funding-related information.

To log into your myNSFAS account go to www.nsfas.org.za, click on the myNSFAS tab and follow the login process explained on screen.

NSFAS Funding for Distance Learning

Who can Apply for a NSFAS Bursary

  • South African citizens
  • Students who register for the first time and have a household income of R 350 k or less
  • Students who have registered previously, but before 2018, with a household income of R 122 k or less.

What do I need to do to apply?

  • Create your myNSFAS account to track your application status
  • You will need the following:
    • A valid email address and cell phone.

The following certified documents are required:

  • Certified student ID copy
  • Certified spouse ID copy
  • Certified proof of income (salary slip/letter)
  • Certified copy of latest academic results

What does the bursary cover?

  • Full-time programme fees rate:
  • Registration, tuition and book fees

NOT Covered by bursary:

  • Additional Distance learning program tutoring/teaching fees
  • Allowances
  • Learning devices

Important to note for Distance Learning Students:

  • Students who apply on their own to NSFAS for a bursary must inform the College Bursary Office OR risk losing their funding.
  • Distance Learning students who have applied to study with an NSFAS Bursary must register for a minimum of 3 subjects per term.

To Note:

  • NSFAS bursary limited to 4 registrations, further registrations will not be covered by the bursary
  • NSFAS bursary will not cover repeat subjects

Please visit the NSFAS webpage or social media sites for more information:

Website | Twitter | Facebook

NSFAS ALLOWANCE: TERMS AND CONDITIONS

Payment of student NSFAS Allowances are subject to the following conditions:

  • Applicant(s) must be a NSFAS approved bursary recipient
  • Applicant(s) must meet the programme’s academic and attendance requirements
  • Qualifying Allowance applicants will be eligible for three(3) types of allowance:
    • Personal Care (All students)
    • Transport (students staying within 0-9.9km from their enrolled campus)
    • OR Accommodation (students whose home address is more than 10km from their enrolled campus) False Bay TVET College only offers accommodation for registered occupational students.
    • Living Allowance
  • Allowance amounts will be in line with the Standardised Allowances as prescribed in the DHET/TVET Bursary Rules & Guidelines
  • Allowance payments are subject to the student meeting the minimum required class attendance as per DHET attendance policy
  • Allowance awards will only be made if NSFAS has sufficient funds available.
  • Returning NSFAS-funded students will be prioritised when awarding allowances
  • Should NSFAS funding be limited, the academic ranking will be used to award allowances.

Payment of NSFAS Allowances is subject to the following:

  • Fully completed application, along with support documents submitted
  • Student meeting attendance requirements
  • College may conduct a physical address verification
  • Students who withdraw from the program may be liable to pay back any allowances received
  • Change of Allowance type will only be considered with the submission of motivation and recommendation from the Campus Manager
  • Recommendations for Change of Allowance type will be sent to the Department of Higher Education for consideration and approval.

NSFAS STUDY LOANS: TERMS AND CONDITIONS

Noted from DHET Announcement – Phase 1 Funding for Middle Student 14.01.2024
(Source: NStAS website madis releases)

NOTES – Phase 1 of DHET Comprehensive Funding, “Missing Middle”

The minister of Higher Education & Training announced new funding model on 14 January 2024.

Students in the missing middle category to be assisted through a loan scheme which will be administered by NSFAS.

Who would qualify?

  • Students studying at a publio TVET College OK University

Criteria:

  • Students studying at a public TVET College OK University
  • Win household income ter pen it 3-0800-110.
  • Enrolled in undergraduate or postgraduate courses.
  • 70% science, technology, engineering, and mathematics programmes.
  • 30% humanities programmes.

Conditions of loan scheme:

  • Student can apply for loan in year 1,2, 3…etc
  • Students are expected to get a 60% pass rate. (Average)
  • The loan will cover tuition fees, learning materials and accommodation.
  • Studants who obtain a 70% of higher academic average within prescribed time will get a 50% reduction on the loan request.

NSFAS will release details regarding the loan administration process following the release of matrix results. (Expected to be release Friday 19 January).

NSFAS

Follow NSFAS on social media for the latest NSFAS information:

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