Debt after completing a qualification in accounting or finance can be a big obstacle to your future career goals.
The Finance and Accounting Services Sector Education and Training Authority (FASSET) understands this challenge and offers the FASSET Outstanding Study Debt Assistance Grant to help alleviate this burden.
FASSET is a Sector Education and Training Authority (SETA) dedicated to fostering excellence within the South African Finance and Accounting Services sector.
Established to address industry needs, FASSET plays a role in developing skilled professionals critical to the nation’s economic well-being.
Their vision is to establish South Africa as a world leader in Finance and Accounting services, while their mission focuses on increasing the skilled workforce within these fields, leading to job creation and ongoing transformation of the sector and the broader economy.
FASSET partners with key organizations across the Finance and Accounting Services spectrum, including investment entities, accounting firms, stockbroking houses, and more.
About the FASSET Outstanding Study Debt Assistance Grant
The FASSET Outstanding Study Debt Assistance Grant directly addresses the financial challenges faced by recent graduates burdened with student loans acquired during their Accounting or Finance studies.
Recognizing the importance of a debt-free future for career advancement, this grant program offers financial assistance to a maximum of R40,000 per applicant, helping them settle outstanding loans and focus on building a successful career.
FASSET Outstanding Study Debt Assistance Grant Eligibility Criteria
To qualify for the FASSET Outstanding Study Debt Assistance Grant, applicants must meet the following criteria:
- You must be a South African citizen.
- You must possess a completed Matric certificate.
- You must be currently employed.
- You must have completed a qualification within the Accounting or Finance sector.
- You must have an outstanding student loan from NSFAS or your previous higher education institution.
- You must demonstrate a genuine financial need.
- Preference will be given to applicants earning less than R660,000 per annum.
- FASSET Learnership/Internship (Optional): While not mandatory, preference may also be given to applicants currently enrolled in a FASSET learnership or internship program.
FASSET Outstanding Study Debt Assistance Grant Application Requirements
If you meet the eligibility criteria, you can proceed with the application process.
Here’s what you need to do:
- Download the Application Form: FASSET provides the application form in two formats: Microsoft Word (.docx) and Adobe Acrobat (.pdf). Choose the format that best suits your needs.
- Supporting Documents: Compile the following documents to accompany your completed application form. Incomplete applications may be disqualified.
- Certified copy of your South African ID document.
- Recent statement (no older than 30 days from application submission) from NSFAS or your higher education institution reflecting your outstanding loan.
- Full academic transcript or certificate verifying the successful completion of your Accounting/Finance qualification.
- Signed declaration form included within the application form.
- Signed confirmation of employment or a copy of your employment contract from your current employer.
How to Apply
To submit your application, follow these steps:
- Complete the downloaded application form electronically or by hand.
- Gather all the required supporting documents.
- Send your completed application form and supporting documents electronically to: [email protected]
- Ensure you include “FASSET Outstanding Study Debt Application” in the email subject line for easy identification.
How to Contact FASSET
For any questions or inquiries related to the FASSET Outstanding Study Debt Assistance Grant, you can contact FASSET directly through the following channels:
- Telephone: Call FASSET at 011 476 8570.
- Email: You can email your inquiries to [email protected] or [email protected].