The National Student Financial Aid Scheme (NSFAS) provides financial assistance to students pursuing higher education.
The funding is available for the duration of your studies, but there are specific rules and requirements to be aware of.
NSFAS Funding Duration for Students
NSFAS can fund your studies for the standard length of your course, typically up to N+2 years. This means:
- Standard Duration: NSFAS will support you for the usual length of your course (usually 3-4 years), as long as you meet academic progress requirements.
- N+2 Rule: The total funding is limited to the standard duration (N) plus an additional two years (2). For example, if your degree normally takes 3 years, NSFAS could fund you for a maximum of 5 years.
- Academic Progress: To continue receiving funding after your first year, you’ll need to maintain good grades and pass your courses.
How Many Times Does NSFAS Fund Students?
- Funding is only available to students accepted into an institution, according to NSFAS rules.
- You will receive funding once your application has been approved.
- There is no funding available for more than one program at a time through NSFAS.
When Does NSFAS Stop Funding?
- If you fail to meet NSFAS’ academic requirements (minimum 50% grade in your courses).
- If you defer your studies for an entire academic year.
- If you complete your degree or qualification within the N+2 timeframe.
Can NSFAS Fund You for More Than 5 Years?
- No, there is a maximum five-year period for NSFAS aid.
- Additional courses beyond five years will incur a charge.
- However, if you need to repeat a course or module, NSFAS will support you for an additional two years.
For more information on NSFAS funding, eligibility, and application processes, you can visit their official website or contact them directly.
They will be able to provide you with the most up-to-date information and guide you through the process.