NSFAS Monash South Africa
National Student Financial Aid Scheme (NSFAS)
NSFAS is the South African government student loan and bursary scheme operating in terms of Act 56 of 99 and funded by the National Department of Education. NSFAS provide loans and bursaries to students at all 25 public universities and 50 public TVET colleges throughout the country.
What NSFAS Offers
- The means to obtain a tertiary qualification
- Loans at low interest rates
- Loans without guarantees
- A reasonable repayment plan
The money you borrow is to be used to to cover all the costs associated with your tertiary studies and this money has to be repaid.
Monash South Africa (MSA) is committed to providing learning opportunities for the highest achieving students. To recognise our high-achieving students who are dedicated to excelling academically, by offering scholarships each year.
Total value of the award:
A total of 25% – 100% of your annual fees are paid. The award does not cover textbooks, stationery, printing costs, living expenses or any traveling costs. Payments are in the form of an automated credit note to your tuition fee account after the release of your unit results. No cash is transferred to the students’ personal bank account.
- Based on academic achievement and offered to the highest achieving South African and International students
- Current Monash students with a minimum overall course General Point Average (GPA) of 3.3 and above
- Commencing students with an Achievement Level of 40 and above.
Take note, although you might meet the eligibility criteria your application will be part of an in- depth selection process before final scholarship awards are issued. Many applications are received each semester. As a result applicants compete with peers for the limited available number of scholarships.
- Be enrolled or have received an offer to enrol as a full-time student at Monash South Africa in a Higher Certificate, the Foundation Programme or an undergraduate course of study leading to a higher education award.
- Not be a recipient of any other financial support award.
- Be studying Year 12 or equivalent (South Africa citizen) or be studying in the final year of secondary school or equivalent (international); or
- Be a current Monash South Africa student and have completed a minimum of one semester of study at Monash South Africa.
- Be able to demonstrate that the additional costs of textbooks, stationery, printing costs, living expenses and travelling costs can be covered at the student’s own cost.
- Successful candidates receiving a scholarship are not eligible for other discounts in addition to this financial award.
- Complete the Application for Monash South Africa Scholarship form (pdf, 73kb) – you can also obtain the form from the Student Services Centre
- Submit your application, along with any relevant documentation, by 15 November for Semester One and 30 April for Semester Two
Withdrawing from your course
If you withdraw from your course you may have to repay the financial award.
You qualify for a NSFAS loan if you are:
- A South African citizens
- Registered at a South African university or technikon
- An undergraduate, studying for a first higher educational qualification, or
- Studying for a second higher education qualification, if this is necessary to practise in your chosen profession (e.g. LLB or HDE)
- Able to demonstrate potential for academic success
- In need of financial assistance.
To download 2015 NSFAS Process click here or contact Financial Aid Office on 011 717 1062/65/82/83/84
Who qualifies for a FET college bursary?
A student may qualify for a FET College Bursary if he/she is:
- Registered at a public South African Further Education and Training College
- Registered for the National Certificate (vocational)
- Registered for certain Report 191 (NATED) programmes, including N1-N6 in engineering and N4-N6 in all other fields
Organizations that offer Scholarships
- WSAS – Sports Scholarships
- Higher Education South Africa Scholarships
- Monash South Africa Scholarships
- Fulbright Scholarships
- Scholarships in Africa
- Africa Scholarships
- University of Western Cape Law Scholarships
- The Rhodes Scholarship
- Africa South of the Sahara Scholarships
Is academic sponsorship that covers the full costs of study including study material, tuition, accommodation and sometimes pocket money for living expenses. It is granted on the basis of financial need and/ or good academic results. A bursary is paid back in service to the company or entity that sponsored the candidate, they will have to work for the sponsor for the same amount of years they sponsored them or paid for their fees. Although a bursary covers your fees, if there is a module the student fails they will be expected to pay for it themselves.
Organizations that offer Bursaries
- Go to the gome page to view current Bursaries
A study loan refers to money borrowed to pay for academic tuition (in some instances accommodation too) that has to be paid back with interest. Different loans charge interest differently, it is important to know how the loan you intend to take charges interest. A loan should only be given out by a registered financial institution.
Organizations that offer student loans
- Standard Bank
- South Africa.info
- National Student Financial Aid Scheme (NSFAS)