The National Student Financial Aid Scheme (NSFAS) requires students to meet their requirements in order to continue funding their tertiary studies. Here are reasons why NSFAS reversed your funding.
The National Student Financial Aid Scheme (NSFAS) funds disadvantaged South African students who want to pursue tertiary studies at a public university or TVET College around the country.
NSFAS provides funding for registration, tuition fees, accommodation as well as various allowances. These allowances cover learning materials, transport, and other living expenses.
Some students have found that NSFAS reversed their funding and there are many reasons for this.
When students apply for NSFAS they must make sure that they meet the requirements in order to qualify for the tertiary funding because if the bursary scheme finds that they do not qualify then their funding will be reversed.
NSFAS could reverse your funding if they evaluated your information with third parties such as the South African Revenue Services (SARS) and the department of home affairs and find that you don’t meet the criteria of a household income of R350 000 per year.
NSFAS also checks if students meet the N+ rule in order to determine whether they should continue funding their studies. Currently, the N+1 rule is in place which means that students only have N+1 years to finish a degree. If students exceed this amount of years when completing their qualification NSFAS may reverse their funding.
You must meet the following criteria to avoid having NSFAS reverse your funding:
- Be a South African citizen
- Have a combined household income of not more than R350 000 per annum
- A person with disability: Combined household income must not be more than R600 000 per annum
- Students who started studying before 2018 must have a household income of not more than R122 000 per annum.
- Students who have already applied, qualified, and receive funding must continue to pass their modules and meet the academic requirements.
It is important that applicants complete their NSFAS application with the correct information as the bursary scheme will take action should they find that students intentionally misstated or left out information during the application process.
