Does NSFAS Fund Multiple People In A Household? | Have you ever wondered if NSFAS will fund more than just one child per parent or in a household or just more than one person in your household at a time? Well, we have the answer to that question along with lots of other information.
Of the many NSFAS applications sent and received during the academic year, it is not unusual that two students of the same household might find themselves wanting to apply for funding. Should you be in a household where you’re not the only one needing funding from NSFAS, it’s then good for you to know that NSFAS will fund more than person in the household should they apply and meet the requirements.
NSFAS provides funding to poor and working-class students at Universities and TVET Colleges. The financial aid scheme has been running for 27 years since 1991 and up until 2018, provided funding for more than 3 million students.
From 2018 onwards, NSFAS has been considered a bursary and no longer a loan. This is good news as anyone who started getting funding from NSFAS in 2018 and forward won’t have to pay them back. The only requirement to stay funded is for students to pass.
NSFAS does however grant students a grace period of a year and will fund students for an extra year should they need to redo a year. Those funded before 2018 have a grace period of two years. This is called the N+ rule.
NSFAS has said that it’s important for students to monitor the NSFAS portal for any updates from the financial aid scheme. It’s important to remember that there are no sister websites where you can apply to NSFAS, and applicants should therefore be careful when it comes to sharing any of their information.
Should you not be able to apply online on your own, assistance can be found at National Youth Development Agency centres across the country or at Teacher Centres as NSFAS partners with the Department of Basic Education. This assistance is offered at no cost.
NSFAS does not fund postgraduate students or students with a household income of more than R350 000 per year. Some students find that their household income exceeds the threshold income, but they still can’t afford to pay their fees. These students are labelled as the ‘missing middle’.
In some cases, students in these categories might be able to submit a NSFAS appeal with further documents that prove their financial need. Otherwise, there are a few institutions that have also attempted to create gap funding schemes to accommodate this ‘missing middle’.
Furthermore, in the case of postgraduate funding, although students would not be funded by NSFAS directly, NSFAS has ties and partnerships with organisations who are able to fund postgraduate students. One such organisation is the National Research Fund (NRF) who provides funding to various postgraduate qualifications.
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