The National Student Financial Aid Scheme (NSFAS) is a government-run organisation that reports to the Ministry of Higher Education and Training (DHET). It offers study bursaries to scholars planning to attend Technical and Vocational Education and Training (TVET) colleges or public universities. So how much is the NSFAS allowance for college students? And is NSFAS increasing the allowance for 2022?
There are more than just tuition fees to consider when budgeting for further education, so how much money do you get from NSFAS? Hubopportunities.com has all you need to know the requirements needed before applying for the NSFAS online application 2022.
Many South Africans will be eligible for NSFAS allowances for 2021, including learners registering at TVET colleges and universities for the first time or students returning to work on their first undergraduate qualification. Other factors considered include scholars from families with a yearly combined household income of not more than R350 000. Unfortunately, only a few post-graduate degrees are supported.
Orphans and pupils whose families receive child assistance or disability payments from the South African Social Security Agency (SASSA) will be immediately eligible for NSFAS financing.
What Are The Minimum Requirement For NSFAS
You qualify for a NSFAS bursary if you are a South African citizen who plans to study at a public university or TVET college and you fall within one or more of the below categories:
- All SASSA grant recipients.
- Applicants whose combined household income is not more than R350 000 per year.
- Persons with disabilities combined household income must not be more than R600 000 per year.
- Students who started studying before 2018 and whose household income is not more than R122 000 per year.