similarities and differences between Funza Lushaka and NSFAS
Please see the Similar Questions below.
The Funza Lushaka bursary and the National Student Financial Aid Scheme (NSFAS) are both initiatives in South Africa that provide financial support for tertiary education. Here are some similarities and differences between the two:
1. Purpose:
- Funza Lushaka: The Funza Lushaka bursary program aims to increase the number of qualified teachers in South Africa by offering bursaries to students pursuing a teaching qualification.
- NSFAS: The NSFAS provides financial assistance to academically deserving and financially needy students across various fields of study.
2. Eligibility Criteria:
- Funza Lushaka: The Funza Lushaka bursary is available to South African citizens who want to pursue a teaching qualification at a recognized public university. Applicants need to meet specific academic eligibility criteria and commit to teaching in a public school for the same number of years for which they received the bursary.
- NSFAS: The NSFAS is available to South African citizens and permanent residents who come from households with a combined annual income below a certain threshold. Academic criteria also apply, such as meeting the minimum requirements for university admission.
3. Funding Coverage:
- Funza Lushaka: The Funza Lushaka bursary covers the cost of tuition fees, accommodation, textbooks, and a small living allowance.
- NSFAS: The NSFAS covers a range of costs, including tuition fees, textbooks, accommodation, and a living allowance. The funding provided by NSFAS depends on various factors, such as the student's household income.
4. Repayment:
- Funza Lushaka: If a Funza Lushaka bursary recipient fails to fulfill their teaching commitment, the bursary converts into a loan that must be repaid to the government.
- NSFAS: The NSFAS has implemented a new funding model where qualifying students will not be required to repay the full amount of their loan. The repayment is income-contingent and based on the student's salary once they start working.
To get detailed and up-to-date information about the similarities and differences between Funza Lushaka and NSFAS, it is recommended to visit their official websites or reach out directly to their respective offices.