The National Student Financial Aid Scheme (NSFAS) has recently announced a new bursary agreement that will provide financial assistance to thousands of students in South Africa. The bursary agreement aims to address the issue of student debt and help ensure that students can complete their studies without financial burdens.
Under the new bursary agreement, students will receive funding for fees, accommodation, books, and academic support. The bursary will cover students who are studying at public universities and Technical and Vocational Education and Training (TVET) colleges in South Africa. The bursary agreement is expected to benefit more than 400,000 students in the country.
In addition to providing financial assistance, the bursary agreement also includes measures to ensure that students are supported throughout their academic journey. This includes providing academic and psychosocial support to help students cope with the challenges of their studies.
To be eligible for the bursary, students must meet certain criteria, such as being from a household with a combined income of less than R350,000 and being registered at a public university or TVET college.
The NSFAS has acknowledged the impact of the COVID-19 pandemic on students and has taken steps to provide additional support. The bursary agreement includes provisions for extra financial assistance for students who have been affected by the pandemic.
The new bursary agreement is a significant step in addressing the financial challenges faced by South African students. It provides financial support and academic assistance to help students complete their studies and build a better future for themselves.
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