How Much Should A Person Earn to Qualify For NSFAS? Parent income can affect the Nsfas earning for Student ,We take out time to prepare this article t let People know about How Much Should A Person Earn to Qualify For NSFAS?
Who is NSFAS for?
NSFAS prioritizes students from low-income households who wouldn’t otherwise be able to afford university or TVET college fees.
Their mission is to broaden access to education and empower individuals to contribute meaningfully to South Africa’s future.
Income Thresholds for NSFAS Funding
The primary criterion for NSFAS eligibility is your combined household income.
Below is a brief detail of the income thresholds:
- General Threshold: For most applicants, the total combined household income must be less than R350,000 per year. This translates to roughly R29,167 per month.
- SASSA Grant Recipients: If you or someone in your household receives a South African Social Security Agency (SASSA) grant, you automatically qualify for NSFAS funding, regardless of your household income.
- Students with Disabilities: Students with disabilities have a higher income threshold. Their combined household income must be less than R600,000 per year (approximately R50,000 per month).
- Previous Qualification Holders (Started Studying Before 2018): If you began your studies before 2018, a special concession applies. You might still qualify with a combined household income of less than R122,000 per year.
What if My Parents Earn More Than the Threshold?
If your household income exceeds the stipulated thresholds, you may not be eligible for a full NSFAS bursary.
However, there are alternative options to explore:
- NSFAS Student Loan Scheme: For applicants whose family income falls between R350,000 and R600,000 per year, NSFAS offers a student loan scheme. This scheme provides financial assistance with repayment terms commencing after graduation.
- Alternative Bursaries: Numerous public and private bursary schemes exist in South Africa. Research bursaries offered by universities, government departments, or private organizations based on your field of study or specific needs.