While congratulating students who received NSFAS funding, Minister Blade Nzimande revealed that many other students will not be receiving funding this year.
In a statement released on Monday, the Higher Education Minister, Blade Nzimande said total of 93 532 TVET college students and 52 992 University students will not be receiving NSFAS funding for the 2021 academic year.
The Minister explained why these students were rejected.
For TVET College students:
5 376 students were unfunded because they no longer met the NSFAS guidelines
140 students exceeded the N+ rule
88 016 students failed their academic year in 2020
For University students:
22 014 university students were unfunded because they already secured their first qualification
22 649 students exceeded the N + rule
8 326 students failed their academic year in 2020
Minister Nzimande explained that students are funded according to the guidelines and requirements.
He has encouraged all students to get familiar with the requirements to ensure that they continue receiving academic support.
“Our bursary guidelines are based on the principles that student funding policy must be fair, rational, affordable and implementable. This means that the policy decisions are made to ensure that students are provided with the best possible support to succeed, taking into account the different circumstances of different institutions.
The funding must also be affordable within the parameters of the funding provided by government, with a focus on the need for sustainability of the scheme for the future,” said Minister Nzimande.
Who qualifies for the NSFAS bursary?
South African citizens studying at a public university or TVET college
Students pursuing their first undergraduate qualification
SASSA grant recipients or
Individuals who come from a household with a combined household income of not more than R350 000 per year or
People living with a disability (combined household income of not more than R600 000 per year)