1. CENTRE FOR BURSARIES AND LOANS
FINANCIAL AID
23 FEBRUARY 2019
© The content of this presentation is confidential.

2. Contents Application Process SU Loans NSFAS Bursaries ISFAP
Merit Bursaries
Funding Opportunities
Contact Details

3. Application Process
IMPORTANT TO KNOW: Apply for Admission to a course from 1 March -31 June annually You need provisional acceptance for a qualification at Stellenbosch University i.e. student number – to apply for SU Funding. Application Dates: SU (Institutional) Funding: 1 April – 31 August NB! Apply annually NSFAS Bursaries: 1 Aug until 30 Nov (NSFAS continuing students need not apply) SU Funding Applications: (Use student number & password to login) NSFAS:

4. SU Loans
Current US Loan recipients receive financial assistance covering the cost of their tuition only (registration fees included)
US Loans are allocated to the missing middle category 350K – 600K
Interest free loans repayable at the prime rate
R – R1 million with two/ more at tertiary institution
Should a student receive other funding, including the tuition fee, the US Loan will be cancelled.

5. NSFAS BURSARY
2017 Presidential Pronouncement - “fully subsidised free higher education and training for poor and working class South Africans” – up to R gross household income p.a. The DHET Bursary Scheme will be phased in over a period of five years; started in 2018 Only introduced for new first time entry students (FTEN) into undergraduate studies at public higher education institutions. Senior students, gross household income not exceeding R , can apply

6. NSFAS Continue Cover tuition, books, residence and food allowance
Requirements
Beneficiary must meet and maintain academic conditions/criteria – must pass 50% of the number of registered modules
Academic requirements – must complete studies in the minimum number of years plus one year

7. IKUSASA STUDENT FINANCIAL AID SCHEME (ISFAP)
Provide funding to students to cover the full cost of study through grants and bursaries to the working class and the missing middle for the following programmes.
Economic and Management Sciences
BComm Actuarial Science, B Accounting
Engineering
MBChB, BSc Physiotherapy and B Occupational Therapy
This grant and/or loan will cover the following:
tuition, accommodation, meal allowance, textbook allowance, monthly stipend

8. FIRST-YEAR MERIT BURSARIES
Merit Awards are allocated automatically during May of each year.
Calculated using the actual average of a prospective student’s final grade 12 exam results
Exclude Life Orientation and Mathematics Paper 3
Matric Aggregate : 90% and higher = 40% discount on basic study fees (module costs excluded)
The % rebate will depend on the number of qualifying candidates and the amount available for merit bursaries.

9. Other funding options for ‘missing middle’ category:
Company bursaries and loans (see bursary year book)
Possible payment arrangement with the Student Fees office.
Development Office engagements

10. IMPORTANT TO KNOW: Apply for Admission to a course in time (annually from 1 March -31 June ) Apply via both websites: B&L Website: : Contact Us: Tel no: Physical Address: Administration Block A Ryneveld Street Stellenbosch Office Hours: 08:00 -16:30 (Mon – Fri)