Does NSFAS cover postgraduate studies?

As a South African student aspiring to further your education beyond an undergraduate degree, you’re likely considering postgraduate studies.

Financial considerations are undoubtedly a significant factor in this decision.

The National Student Financial Aid Scheme (NSFAS) has been a lifeline for many undergraduate students, but does this support extend to postgraduate qualifications?

Does NSFAS Fund Postgraduate Studies?

While NSFAS has been a beacon of hope for countless undergraduate students, the scheme’s focus primarily lies on providing financial assistance for this level of study.

Currently, NSFAS does not offer funding for postgraduate qualifications.

This includes master’s, PhD, and honours degrees. This policy shift came into effect in the 2021 academic year.

Prior to this change, NSFAS provided support for certain postgraduate qualifications under specific conditions.

However, the scheme’s primary mandate has since been redirected towards ensuring equitable access to higher education for financially disadvantaged students at the undergraduate level.

Which Postgraduate Qualifications Does NSFAS Fund?

While the general rule is that NSFAS does not fund most postgraduate studies, there are a few exceptions.

Primarily, NSFAS provides funding for the following:

1. Postgraduate Certificate in Education (PGCE): This qualification is essential for aspiring teachers, and NSFAS recognizes its importance in addressing the country’s education challenges.
2. Postgraduate Diploma in Accounting (PGDA): This qualification is crucial for the accounting profession, and NSFAS supports students pursuing this path.

It’s important to note that these are the primary postgraduate qualifications funded by NSFAS.

If you’re considering a postgraduate degree in another field, chances are you won’t be eligible for NSFAS funding.

What About Honours Degrees?

Many students often confuse honours degrees with postgraduate studies.

You have to clarify that honours degrees are technically considered the final year of undergraduate study.

Therefore, under the current NSFAS funding model, eligible students can receive financial support for honours degrees.

Are There Exceptions to the NSFAS Postgraduate Funding Rule?

While the general rule is that NSFAS does not fund postgraduate studies, there might be exceptional circumstances.

You must do your best to stay updated on any potential changes or programs that might qualify for NSFAS funding.

Always consult the official NSFAS website or contact their helpline for the most accurate information.

What About Postgraduate Certificates and Diplomas?

Another common query is whether NSFAS covers postgraduate certificates and diplomas.

Similar to honours degrees, some of these qualifications might be considered part of the undergraduate spectrum, especially if they are directly linked to an undergraduate program.

However, you must do your best to check the specific guidelines as policies can change.

Are There Other Funding Options for Postgraduate Studies?

If you’re pursuing a postgraduate qualification that isn’t covered by NSFAS, don’t worry.

There are many other funding options available, such as:

1. National Research Foundation (NRF): The NRF offers grants and scholarships for postgraduate studies, particularly for research-based programs.
2. Merit-Based Scholarships: Many universities and private organizations offer scholarships based on academic merit.
3. Institutional Funding: Some institutions may have their own funding schemes for postgraduate students.
4. Bursaries: Various companies and organizations offer bursaries for specific fields of study.
5. Student Loans: Commercial banks and government-backed loan schemes can provide financial assistance.