Ikusasa Student Financial Aid Programme (ISFAP) is a non-profit organization which was formed in 2016 because of outcomes of a Ministerial Task Team that recommended that the students who fall within the missing middle need to be catered for.
Background to the formation of ISFAP comes from the major challenge of funding tertiary education,
which is reliant on government, even though the private sector shares has a responsibility of resolving
ISFAP was established under the upliftment of Thuthuka Education fund, which is a member of the South African Institute of Chartered Accountants, soon after the first “#Feesmustfall” protests commenced.
In essence, ISFAP was established to support students who fall into the category of the “missing middle” - households that have annual incomes that range between R350,000 and R 600,000 and who do not qualify for NSFAS funding. ISFAP also pays attention to funding critical skills by supporting students and job markets by preparing students for careers that are sustainable.