Consistent with the Department of Higher Education and Training’s state of readiness statement of 23 January 2024 and in terms of Section 4(b) of the NSFAS Act, the Minister of Higher Education, Science and Innovation, Prof Blade Nzimande, has approved the proposed 2024 NSFAS Eligibility Criteria and Conditions for financial aid.
In terms of Section 4 of the NSFAS Act, the first and second functions of NSFAS are to “allocate funds for loans and bursaries to eligible students” and to “develop criteria and conditions for the granting of loans and bursaries to eligible students in consultation with the Minister”.
The approved 2024 Eligibility Criteria and Conditions apply to students at Public Universities and Technical and Vocational Education and Training (TVET) Colleges and make slight amendments to the 2023 NSFAS Financial Aid Eligibility Policy but maintain the principles of the 2023 NSFAS Board policy positions.
Furthermore, the changes recommended by the NSFAS Board were proposed in consideration of among others, the differences between TVET College and University student bursary packages:
Approved policy changes for 2024
The policy changes for the 2024 academic year, are as follows-
University managed self-catering and private off-campus accredited accommodation will be capped at R50 000 in metro areas and R41 000 in all other areas per academic year while university managed and catered are capped at R66 500 in metros and R57 500 in other areas.
TVET College managed and leased self- catered accommodation and private off-campus accredited accommodation will be capped at R50 000 in metros and R41 000 in other areas whilst TVET College owned catered residence will be capped at R60 000 in metros and R51 000 in other areas.
In 2024, the living allowance will be R10 000 for TVETs and R16 500 for universities per annum (distributed monthly). This is aimed at progressively but decisively closing the gap between TVET College and university students.
General conditions
Students who change institution types (i.e., shift from TVET College to University or vice versa) must re-apply for funding.
Students who de-register or drop out during an academic term and wish to resume their studies in future academic terms, must re-apply.
A student that no longer complies with the University N+Rule or TVET College N+Rule may not be funded. The University N+ Rule is based on number of years a student is registered in the higher education sector.
The TVET College N+ Rule is based on NSFAS funded academic terms at TVET Colleges. The additional NSFAS funded academic term may be for repeating at any level from the entry academic term to exit the academic term.
The N+ Rule does not apply to occupational programmes as these programmes are aligned to employment contracts which do not make provision for the N+1 period of study.
Financial aid received cannot be used to settle historic debt unless it is specified as such.
University Academic Eligibility Criteria
Academic progression criteria will be measured by the percentage of course credits that a student achieves in the academic year. Institutions and NSFAS will progressively align academic progression criteria requirements.
As of 2024, continuing and First Time Entering Students (FTEN) university students must achieve a credit pass rate of 50%.
Continuing and FTEN university students must achieve a course credit pass rate of 60 percent for the end of the 2024 academic year to succeed academically for 2025 funding year.
TVET Academic Eligibility Criteria
A bursary may only be awarded to students progressing to the next NC (V) level if they passed at least 5 subjects in the previous NC (V) level.
A bursary may only be awarded to students progressing to the next Report 191 level if they passed a minimum of 3 subjects in the previous N-Level.
Academic progression criteria requirements for continuing students studying occupational programmes will be determined by TVET Colleges, and results shared with NSFAS.
Students with Disabilities
In the event that the human support is in the form of a carer, the carer may be anyone selected by the student living with the disability and approved by the institution, provided that all supporting documents are ratified by NSFAS prior to funding being approved.
NSFAS Responsibility added in 2024 policy
NSFAS must comply with the National Treasury and PFMA requirements. As such, all NSFAS funding decisions and payments are subject to these requirements and restrictions.
Estimated Costs to Implement 2024 NSFAS Funding Policy
Over the 2024 Medium Term Expenditure Framework (MTEF), Government allocated significant funding to NSFAS for bursaries for poor and working-class students as shown in a table below. There is a slight decrease in budget due to the constraint fiscal environment. University budget decreased by R758 667 000.00 (2%) whilst TVET budget decreased by R222 453 000.00 (2,5%).
|
|
Universities |
TVETs |
|
2023 MTEF allocation |
R38 674 617 000.00 |
R8 954 222 000.00 |
|
2024 MTEF allocation |
R37 915 950 000.00 |
R8 731 769 000.00 |
The approval of the 2024 NSFAS Eligibility Criteria and Conditions for financial aid by the Minister, form of the Department’s interventions to ensure a smooth start to the 2024 academic and to further broaden access to our universities and TVET colleges, for students from poor and working-class backgrounds.
Enquiries:
Veli Mbele
Cell: 064 615 0644
