Nsfas Application Tvet Colleges 2023/2024

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1 Nsfas Application Tvet Colleges 2023/2024

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Are you in need of financial assistance to study at a tertiary institution? Apply for a National Student Financial Aid Scheme (NSFAS) bursary.

The National Student Financial Aid Scheme (NSFAS) is a South African government student financial aid scheme which provides financial aid to undergraduate students to help pay for the cost of their tertiary education after finishing high school.

It is funded by the Department of Higher Education and Training.

The program also manages bursaries such as the Funza Lushaka Teacher Bursary (for students pursuing a teaching qualification), DHET Disability Bursary and other bursaries from the Sector Education and Training Authorities (SETAs)

NSFAS is a bursary scheme funded by the Department of Higher Education and Training for those who do not have the financial means to fund their studies and cannot access bank funding, study loans or bursaries.

Note:

NSFAS financial support previously was in the form of loans and still need to be paid back when you find employment after completion of your studies. If you passed all your subjects, 40% of the NSFAS funding for that particular year/semester was converted into a bursary. This means you will only pay back 60% of the loan when you start working.

In accordance with the National Student Financial Aid Scheme, the National Student Financial Aid Scheme (NSFAS) was created. NSFAS is a bursary scheme that provides fully subsidized free higher education and training to poor and working-class South African students.

The NSFAS Act (Act 56 of 1999) established a government institution under the Department of Higher Education and Training to give financial assistance to underprivileged students who seek to continue their studies at public universities or TVET colleges.

TVET College Funding

Technical and Vocational Education and Training courses are by their very nature vocational or occupational. In other words, a student receives education and training with the goal of pursuing a specific set of jobs, employment, or entrepreneurial opportunities.

The benefits of attending a TVET college

A TVET qualification will provide you with the vocational and occupational skills necessary to find work in South Africa. It will also allow you to use your entrepreneurial potential to launch new businesses. South Africa lacks the engineering, manufacturing, construction, agricultural, and other skills necessary to establish a robust economy, and TVETs are the vehicle for a new skills revolution.

What does the government bursary offered via the NSFAS cover

The amounts mentioned for accommodation, living allowance, transportation, and learning materials must be in accordance with the most recent DHET criteria.

TVET

Accommodation in an urban area R24,000 per annum
Accommodation in an peri-urban area R18,900 per annum
Accommodation in an rural area R15,750 per annum
Transport (up to 40 km from institution) R7,350 per annum
Transport R7000 per annum
Incidental/personal care allowance R2900 per annum.

NSFAS qualification for funding

All South African citizens
All SASSA grant recipients qualifies for funding
Applicants whose combined household income is not more than R350 000 per annum
Person with disability: Combined household income must not be more than R600 000 per annum
Students who started studying before 2018 whose household income is not more than R122 000 per annum.

Who is not eligible to apply

Students that have completed a previous qualification.
Students with a combined household income of more than R350 000 per annum.
Students who have already applied, qualified and received funding. They are automatically funded for the duration of their studies provided they pass their modules and meet the academic requirements.
Foreign students (any student who is not a South African citizen).