The Importance Of A Comprehensive Student Funding Model

July 12, 2023

Isfap Admin

Source : The Careers Portal

The Department of Higher Education and Training (DHET) is exploring possible ways to support students who fall outside of the eligibility criteria for the National Student Financial Aid Scheme (NSFAS). These plans could have a major impact on the future of the country’s workforce. 

NSFAS provides comprehensive bursaries to students to allow them to gain an undergraduate qualification. To be eligible for the NSFAS bursary, students must come from a household income of less than R350,000 per annum. 

Many students come from households where their combined income exceeded the threshold set by NSFAS and don’t qualify for government-funded support. However, some of these students come from homes that cannot afford to absorb the costs of tertiary education. 

These students are known as the missing middle. 

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ISFAP - the Ikusasa Student Financial Aid Programme - was established to assist poor and 'missing' middle income university students in selected fields of study to afford the university fees by means of providing financial aid provided the candidate meets certain prescribed requirements.
©  Ikusasa Student Financial Aid Programme Foundation NPC

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