nsfas guidelines 2023-2024
NSFAS is a government entity under the Department of Higher Education and Training established according to the NSFAS Act (Act 56 of 1999) to provide financial support to disadvantaged students who wish to further their studies at public universities or TVET Colleges.
Once you’ve been accepted to have your studies supported by NSFAS, there are some standards you must meet throughout your studies in order to preserve your NSFAS funding. Continue reading to find out more.
Being supported by NSFAS, they requires you to do a few things so that you can stay funded until you finish your qualification.
After you have been approved by NSFAS, you will need to follow the guidelines below
- Comply with all academic requirements as set by institutions
- Attend and participate in lectures, tutorials and academic support programmes as required by the institution
- Complete all set assignments and/or tasks as required in terms of the due performance requirements of the Institution
- Undergo all tests and examinations (written and oral) as required in terms of the due performance requirements of the institution
- A continuing student that is defined as an N+2 student in the Higher Education Institution N+ rule must meet the 50% pass criteria in order to study at a University.
NSFAS has explained that, “Institutions will confirm with NSFAS at the start of the academic year that students have qualified for progression according to standard institutional policy and approved rules of progression for the specific programme they are studying.”
The N+ rule dictates how many years you are allowed to be funded through NSFAS. N refers to the duration the course is and the + refers to the number of extra years NSFAS will fund you should you need to repeat the year.
NSFAS used to be a loan program that required students to repay the funds they were covered for until being transformed to a bursary program in 2018. The N+2 formula applies to these students. This means that if you’re enrolled in a three-year program, you’ll have five years to finish it while still receiving NSFAS funding. If you study for longer than five years, you will need to find another way to fund your education.
The N+1 rule applies now since it’s a bursary program. This would essentially mean the same thing as before. If your qualification is scheduled to take four years to complete, you will be allowed five years to do it while being sponsored by NSFAS, after which you’ll have to find your own money.
It’s important to note that the N stands for the number of years you’ve been enrolled in the course. You will not be penalized if you take a gap year.
NSFAS funds bursaries to students who come from poor and working class backgrounds who are registered or plan to study at Public Universities and TVET Colleges.
Very Useful Links