The National Student Financial Aid Scheme (NSFAS) provides vital financial support to South African students through bursaries and loans. However, many students wonder if their funding will be automatically renewed for their second year of study.
NSFAS funding is initially awarded for the first term of study. To receive funding for subsequent years, students must meet specific conditions and criteria.
Funding for subsequent years is at the discretion of NSFAS, subject to availability of funds and provided the student continues to meet the academic and financial criteria stipulated in this policy.
Key Factors for Continued Funding
- Academic Performance: Maintaining a strong academic record is crucial.
- University students generally need to pass at least 60% of their modules.
- TVET College students require a 70% pass rate or meet subject-specific requirements.
- NC(V) students must pass five subjects.
- Report 191 students must pass three subjects.
- Financial Eligibility:
- Household income generally cannot exceed R350,000 per year.
- Students with disabilities may qualify with a higher income threshold of up to R600,000.
- SASSA grant recipients may qualify under specific circumstances.
- Compliance with NSFAS Rules: Students must adhere to the N+Rule, which limits funding to the standard duration of their qualification plus one year. Disabled students are eligible for N+2.
The availability of funds for subsequent years depends on the budget allocated by NSFAS. The awarding of funding ultimately rests at the discretion of NSFAS.
Focus on your studies and strive for excellent results and maintain good academic standing to ensure continued funding. Also, ensure your household income falls within the specified limits.
