How Much Must Your Parents Earn To Qualify For NSFAS? The National Student Financial Aid Scheme (NSFAS) is a government-funded program that provides financial aid to qualifying South African students for undergraduate studies at public universities and Technical and Vocational Education and Training (TVET) colleges.
Nsfas Allowance to students may affected by Parents Income ,Here on this page explain How Much Must Your Parents Earn To Qualify For NSFAS?.
The National Student Financial Aid Scheme (NSFAS) is a juristic entity of the South Africa government reporting to the Minister of Higher Education, Science and Innovation. NSFAS was established in 1991 to provide financial aid, in a form of a bursary or loan to students from low-income families who meet the criteria for admission to a post school education and training programme in at a public TVET college or university.
NSFAS has stated that your combined household income should be under R350 000 per year for you to qualify. If you are a person living with a disability, your combined annual household income should be less than R600 000.
Other NSFAS requirements include the following:
- You are a South African citizen
- Financial constraints which doesn’t allow you to fund your own studies such as:
- You are a SASSA grant recipient
- You are applying to get a formal qualification from a public university or TVET College
- You passed grade 9 to 12 (for those applying for TVET funding)
- You passed grade 12 (for those applying for University funding)
Once approved for the bursary, the only requirement to stay funded is that students need to pass their modules.
NSFAS will fund students for the entire duration of their course or degree. Most degrees take about 3 to 4 years, whereas medical degrees for example take up to 7 years. However, they will fund an extra year of study should a student fail one year.
