Funding Options for Students Who Don’t Qualify for NSFAS

For many South African students, the National Student Financial Aid Scheme (NSFAS) is a lifeline. However, not everyone qualifies. This doesn’t mean your dream of higher education has to end. There are numerous alternative funding avenues available — from private bursaries to employer-sponsored programmes — that can help you achieve your educational goals.

This guide explores why some students don’t qualify for NSFAS and presents a range of funding options to help cover tuition, accommodation, and other study-related expenses.

Why Some Students Don’t Qualify for NSFAS

Understanding why you might be ineligible for NSFAS helps you plan for other funding options. Common reasons include:

• Household income exceeds the threshold – Students whose combined household income is above R350,000 per year (or R600,000 for students with disabilities) do not qualify.
• Already hold a degree or diploma – NSFAS focuses on first-time undergraduate qualifications.
• Studying at a private institution – NSFAS only funds public universities and TVET colleges.
• Not meeting academic progression requirements – Students must pass a certain percentage of modules to retain funding.
• Age restrictions (if applicable) – While NSFAS does not have an official upper age limit, certain programme rules can affect eligibility.

If you fall into any of these categories, don’t panic — there are plenty of other ways to fund your studies.

Private Bursaries and Scholarships

What They Are

• Bursaries: Financial aid often based on financial need, with conditions such as work-back agreements.
• Scholarships: Awards usually based on academic or extracurricular excellence, not necessarily requiring repayment.

How to Find Them

• Websites: Platforms like Bursaries South Africa, Career Wise, and university financial aid pages.
• Companies and Foundations: Many South African corporates offer bursaries to support skills development.

Examples of Large South African Bursary Providers

• FNB
• ABSA
• Standard Bank
• Sasol
• Anglo American
• MTN Foundation

Tips for Applying

• Apply before deadlines (many close between June and September).
• Prepare strong motivational essays.
• Submit accurate supporting documents (ID, proof of income, academic transcripts).

Pros and Cons Compared to NSFAS

• Pros: Often cover tuition and living costs, can include mentorship, networking, or guaranteed employment.
• Cons: Highly competitive and may require maintaining high academic performance or work obligations after graduation.

Student Loans

Overview

Student loans are credit products that must be repaid, usually with interest, after studies. They’re useful for students who don’t qualify for bursaries or NSFAS.

Key Providers

• Banks: FNB, Nedbank, Standard Bank, Absa.
• Edu-Loans and private lending options: Specialist lenders focusing on education finance.

Eligibility Requirements

• Proof of admission to a recognised institution.
• A co-signer or surety with income.
• Sometimes proof of academic performance.

Interest Rates and Repayment

• Rates vary but are generally linked to the prime interest rate.
• Some banks allow repayment to start after graduation; others require interest-only payments during study.

Tips to Manage Student Loan Debt Responsibly

• Borrow only what you need.
• Start repaying early if possible to reduce interest.
• Keep track of repayment schedules to avoid default.

Employer-Sponsored Funding

What It Is

Employer-sponsored funding is when a company pays for your studies in exchange for your commitment to work there after graduation.

Industries That Commonly Offer Bursaries

• Banking and Finance
• Mining and Engineering
• Healthcare and Nursing

Steps to Secure Employer Funding

• Research companies that offer bursaries or internships in your field.
• Apply early and ensure you meet academic requirements.
• Understand the work-back contract before signing.

Pros and Cons

• Pros: Guaranteed employment, practical experience, and reduced financial pressure.
• Cons: Commitment to work for the company after graduation, which can limit your job flexibility.

Institutional Funding Options

Many universities and TVET colleges in South Africa offer their own funding programmes.

Examples

• Merit-Based Funding: Awards for high-performing students.
• Faculty or Department-Specific Bursaries: Often available for fields like engineering, IT, and nursing.

How to Access

• Visit your institution’s financial aid office.
• Check your faculty’s website for specific bursaries.
• Be mindful of internal deadlines, which are often earlier than external bursary dates.

Community and NGO Funding

Local organisations, churches, and NGOs can be valuable sources of support.

Examples

• Rotary Clubs
• Religious organisations (churches, mosques, synagogues)
• Local municipal bursaries or skills development programmes

How to Apply

• Provide a clear motivation letter.
• Include proof of need (income statements, community references).
• Network locally to discover smaller funding opportunities.

Crowdfunding and Alternative Financing Options

Crowdfunding platforms allow you to raise money online from individuals who support your education journey.

Examples

• BackaBuddy (South African-based)
• GoFundMe

Pros and Cons

• Pros: Flexible, can raise large amounts quickly, great for emergencies.
• Cons: Requires marketing effort, public sharing of your story, and no guaranteed funding.

Tips for Success

• Tell a compelling personal story.
• Set a clear financial goal.
• Provide regular updates to donors.

Part-Time Work and Work-Study Programmes

Options

• On-campus jobs such as tutoring, library assistants, or administrative roles.
• Paid internships or learnerships in your field of study.
• Flexible part-time jobs in retail, hospitality, or customer service.

Tips for Balancing Work and Study

• Limit working hours to maintain your grades.
• Budget your income wisely to cover tuition or living costs.
• Prioritise work opportunities that offer career-relevant experience.

Tips to Maximise Your Chances of Getting Funding

• Start Early: Begin your search at least a year before you need funding.
• Keep Records Updated: Maintain updated academic results, proof of income, and supporting documents.
• Apply Broadly: Submit multiple applications to increase your chances.
• Network: Speak to mentors, lecturers, and financial aid offices for leads.

Related: Bursary Application Checklist: Documents You Must Have

FAQs: Funding Options for Students Who Don’t Qualify for NSFAS

Q1: Can I apply for multiple bursaries at the same time?
Yes. Applying to several bursaries increases your chances of receiving financial support.

Q2: Are loans the only option if I don’t qualify for NSFAS?
No. You can explore private bursaries, employer-sponsored funding, crowdfunding, and part-time work.

Q3: Can employer bursaries cover both tuition and living costs?
Many do, especially in industries with skills shortages. Always confirm what is included before signing.

Q4: What happens if I don’t finish my qualification after getting a bursary or loan?
Most bursaries and loans require repayment or reimbursement if you fail to complete your studies. Check the terms carefully.

Q5: How do I find lesser-known funding opportunities?
Network within your community, check your institution’s notice boards, and follow NGOs or local government pages online.

Q6: Can I get funding if I’m studying part-time or through distance learning?
Yes. Some bursaries, employer programmes, and student loans also support part-time or distance-learning students. However, the eligibility criteria may differ from full-time students, so always check the terms.

Q7: Do private bursaries and scholarships fund postgraduate studies?
Many private bursaries and scholarships do fund postgraduate studies, especially in fields like research, engineering, and healthcare. Search specifically for postgraduate bursary programmes and research grants.

Q8: Are there funding options for students at private institutions?
Yes. While NSFAS does not fund private institutions, some banks, companies, and NGOs provide loans or bursaries specifically for private college students.

Q9: How early should I start applying for funding for the next academic year?
It’s best to start researching and preparing your applications at least 9–12 months before you intend to study. Most bursary and scholarship applications close mid-year for the following academic year.

Q10: What should I do if my funding application is rejected?
If your application is rejected, ask for feedback to understand why. You can improve your application for the next round, apply to other bursaries or loans, or explore alternative options like part-time work, crowdfunding, or employer-sponsored programmes.

Also check: Bursaries Closing in September 2025

Not qualifying for NSFAS doesn’t mean your education journey is over. South Africa offers a wide array of alternative funding options — private bursaries, scholarships, student loans, employer-sponsored programmes, institutional aid, and even crowdfunding. The key is to start early, apply widely, and stay organised. By being proactive and resourceful, you can secure the funding you need to achieve your academic goals.

Read more: Fully Funded Scholarships You Can Apply for Right Now