How Much Does NSFAS Give TVET Students Per Month?
The National Student Financial Aid Scheme (NSFAS) is a government-funded programme that provides financial assistance to students studying at colleges and universities. It helps those who have been identified as being in need of financial assistance, but can’t afford the fees associated with higher education.
How Much Does NSFAS Give TVET Students Per Month
NSFAS is a government-funded student financial aid scheme available to students at TVET colleges and universities. The aim of the NSDA is to support learners who need financial assistance with their education costs, ensuring that young people can complete an accredited tertiary qualification.
To qualify for the TVET student loan, you must be a South African citizen. You must also be a first-time student and in full-time education in either a TVET college or university.
The income of your parents/guardians should not exceed R350,000 per annum (or R300,000 if you are studying part-time).
The National Student Financial Aid Scheme (NSFAS) has partnered with Cosatu Youth on the #NSFASChampions campaign to encourage students to apply for funding from NSFAS and share their experiences on social media using the hashtag #NSFASChampions.
If you want to study at a university, you will receive up to R35,000 per annum. You can apply for up to 4 years and must be a South African citizen with a combined family income of up to R350,000 per year.
Applications are open from March 1st each year until April 30th.
If you want to study at a TVET college, you will receive up to R22,500 per annum. This is in addition to the other bursaries and loans that are available through NSFAS. You can apply for this if:
- Your family income is below R800 (gross) per month
- You have been accepted into a full-time National Diploma or Higher Certificate study at an accredited TVET college.
Your financial aid will come from a number of sources including:
- A monthly grant of R2 000 paid every month during your studies
- Free accommodation with meals provided by your institution
If you qualify for both grants and loans from NSFAS, the amount paid by each grant cannot exceed R22 500 in any given year – which means that if your institution provides free accommodation but does not provide meals at its own cost then the amount payable under this grant may be reduced accordingly (to take into account only free tuition fees).
NSFAS helps support students in higher education by providing financial assistance to those who are studying at TVET colleges and universities. Students who have applied for NSFAS may find this article helpful.
As a government-funded programme, NSFAS will help you pay for your tuition fees and other costs that come with studying at university or a TVET college.
The type of funding provided under the NSFAS scheme depends on the university you choose to study at. There are three types of support available: full bursaries, partial bursaries, and student loans (for students who qualify).
The NSFAS is a great way to help you fund your studies and make sure that you can afford the costs of living in South Africa. As long as your parents meet the income requirements and you apply for assistance, then there is a good chance that you will receive some financial aid from NSFAS.