Posted on :
9 Aug, 2013
9 Aug, 2013
In 2007 the Department of Education introduced the FET Colleges Bursary Scheme, and R600 million has been made available nationally for a three-year period. Through the bursary scheme the Department of Education provides access to vocational education and training at public FET Colleges for talented students who are financially needy.
The requirements for the FET Colleges Bursary Scheme are:
South African Citizenship
Enrolled or intending to enroll for the NC(V) programmes
In need of financial assistance
Able to demonstrate potential for academic success
The FET College sector has a growing role to play in the provision of the intermediate to higher-level skills required to support economic growth and development, and the Gauteng Colleges firmly believes that these bursaries will contribute to skills development. NSFAS The bursary applications will be processed using a strict evaluation system controlled by NSFAS.
Additionally you will have to:
Provide all required documentation and evidence in full. (Two certified copies are needed.)
Complete an NSFAS agreement, subject to their approval.
Who receives funds? Successful applicants will have the funds paid directly to the
College on their behalf. The students receive no payment themselves.
The means test Have established a set of norms that are incorporated within their official bursary evaluation system. The exact terms of this are confidential and it takes a variety of factors into account. Since the criteria above are weighted by the system, and personal hardship (for which documentation is required) is taken into account, rather apply than try to guess the outcome.
For more on information on the bursary scheme, visit the National Students Financial Aid Scheme.
Edu-Loan is also an option as they are a private loan institution with a formal agreement with the colleges to fund qualifying students.
For further information on Edu-Loan, you can visit their website at www.eduloan.co.za, or contact their Client Services desk at 0860 55 55 44.