NSFAS offers various types of bursaries. A bursary, unlike a loan, you will not have to pay back.
Your NSFAS loan can also be converted into a bursary. Different loans have different rules but on a general loan up to 40% of your loan can be converted into a bursary if you pass all the courses you were registered for in the year.
NSFAS Final year programme:
Students in their final year of study, who will qualify to graduate at the end of the year, are eligible to be funded through the Final Year Programme. If you graduate in your final year, the loan is converted to a 100% bursary. Students can only benefit from the Final Year Programme one time.
The Funza Lushaka Bursary Programme:
This bursary programme is for student studying teaching. It is a multi-year programme to promote teaching as a profession. Bursaries are available to enable eligible students to complete a teaching qualification in an area of national priority. Qualified recipients of the bursary must request placement in a public school. The provincial education department (PED) will place graduate bursars in a suitable teaching post. Please note that bursars cannot choose the school in which they would like to be placed.
Social Work Bursary:
The National Department of Social Development has made a scholarship available for students who study social work. Applications are open to current social work students and students, who would like to enrol for social work, provided they are South African citizens. Students who currently hold a National Department of Social Development Scholarship do not need to apply.
Bursaries are also available from the National Skills Fund for scarce skills and for TVET students in National Certificate (Vocational) or NATED courses and students with disabilities.
You can apply for the bursaries through your MyNSFAS account on the NSFAS website.