Choosing how to fund your tertiary education is one of the most important decisions you'll make. In South Africa, the two main options are NSFAS (National Student Financial Aid Scheme) and private bursaries from companies and organisations. Here's how they compare.

What Is NSFAS?

NSFAS is a government-funded scheme that provides financial aid to students from low-income households attending public universities and TVET colleges. For qualifying students at public universities, NSFAS funding is a bursary (not a loan) — meaning you don't have to pay it back.

What Are Private Bursaries?

Private bursaries are funded by companies, NGOs, trusts, and foundations. They typically target students in specific fields of study that align with the funder's industry. Examples include bursaries from Sasol, Old Mutual, Allan Gray Orbis Foundation, and many others.

Key Differences

Eligibility

  • NSFAS: Household income must be R350 000 or less per year. SASSA grant recipients automatically qualify. Available only at public institutions.
  • Private bursaries: Requirements vary widely. Some are needs-based, others are merit-based. Some are open to students at private institutions as well.

What's Covered

  • NSFAS: Tuition, accommodation, living allowance, book allowance, and transport allowance.
  • Private bursaries: Coverage varies — some cover tuition only, while comprehensive bursaries include accommodation, books, and a stipend. Some also cover laptop costs.

Obligations After Graduation

  • NSFAS: No work-back obligation. The funding is a grant for qualifying students.
  • Private bursaries: Many require a work-back agreement, meaning you must work for the sponsoring company for a set number of years after graduating (usually equal to the number of years funded).

Application Process

  • NSFAS: Single online application through myNSFAS.org.za, usually opening in August/September.
  • Private bursaries: Each bursary has its own application process, deadlines, and requirements. You can apply to multiple bursaries simultaneously.

Which Should You Choose?

The best approach is to apply for both. NSFAS is your safety net if you qualify financially, while private bursaries can offer additional benefits like mentorship, vacation work, and guaranteed employment. If you receive both, you may need to choose one — but having options is always better than having none.

Tips for Maximising Your Chances

  • Apply for NSFAS as early as possible
  • Apply to at least five to ten private bursaries
  • Tailor each application to the specific bursary's requirements
  • Keep certified copies of all your documents ready

Explore all available bursary opportunities on FreshTalent and secure your funding for 2026.