In South Africa, there are several types of financial assistance available to students who have completed Grade 12 and are seeking to pursue higher education. These include government-funded programs, scholarships, and loans.

National Student Financial Aid Scheme (NSFAS)

The National Student Financial Aid Scheme (NSFAS) is a government-funded program that provides financial aid to students from low-income households to pursue higher education at public universities and TVET colleges.

This program covers tuition fees, accommodation, and other expenses related to higher education. To be eligible for NSFAS, students must be South African citizens, from households with a combined annual income of less than R350,000, and be accepted to study at a public university or TVET college.

Bursaries or scholarships

form of financial assistance for students is bursaries. Bursaries are scholarships that cover tuition fees, books, and other expenses for students who demonstrate financial need and academic excellence.

These scholarships are typically awarded by private companies, organizations, or government departments, and are often based on specific criteria such as academic achievement, leadership potential, or community involvement.

Bursaries can be a great option for students who have a strong academic record but lack the financial means to pursue higher education.

Bank loans

Lastly, loans are another option available for students. Some banks and other financial institutions offer loans to students to cover their higher education expenses. These loans usually require a co-signer and have to be repaid with interest.

It is important to note that the availability and criteria for these financial assistance options are subject to change, so students should research the most recent information and check the eligibility criteria and application process for each program.

Types of financial assistance

There are several types of financial assistance available to students in South Africa after completing Grade 12, including government-funded programs, scholarships, and loans.

Each of these options has its own set of eligibility criteria and application process, so students should research each option carefully to determine which one is best for them.

With the right financial assistance, students can pursue their higher education goals without the burden of financial stress.

Types of financial assistance available to students in South Africa

See the hints below for more information on financial assistance and how you can get the help you need. Research the following students financial assistance:

• National Student Financial Aid Scheme (NSFAS): This government-funded program provides financial aid to students from low-income households to pursue higher education at public universities and TVET colleges.
• Bursaries: These are scholarships that cover tuition fees, books, and other expenses for students who demonstrate financial need and academic excellence.
• Loans: Some banks and other financial institutions offer loans to students to cover their higher education expenses.
• Work-study programs: Some universities and colleges offer students the opportunity to work part-time on campus to earn money to cover their expenses.
• Other forms of financial assistance: Some universities and colleges have their own financial aid programs, and there are also private organizations that provide scholarships and grants.

It’s worth noting that these are general information and you should investigate further and check the eligibility criteria and application process for each program.