Explain clearly similarities and differences between funda lushaka and nsfas
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The Funza Lushaka Bursary and the National Student Financial Aid Scheme (NSFAS) are both programs in South Africa aimed at supporting students financially in their pursuit of higher education. While they have a common goal of providing financial assistance to students, there are some differences between the two programs.
Similarities:
1. Financial Assistance: Both Funza Lushaka and NSFAS aim to provide financial aid to students who come from disadvantaged backgrounds and cannot afford the costs of tertiary education. They help cover various expenses such as tuition fees, accommodation, books, and living allowances.
2. Application Process: Both programs require students to apply and meet specific criteria to be considered for financial assistance. Students need to provide certain documents, such as proof of income, academic records, and personal information as part of the application process.
3. Service Obligations: Both the Funza Lushaka Bursary and NSFAS have service obligations attached to them. This means that after the completion of their studies, beneficiaries are required to work in certain sectors or areas for a specified period as a form of repayment.
Differences:
1. Focus and Eligibility: The Funza Lushaka Bursary focuses specifically on funding students who are pursuing a teaching qualification. It is designed to address the shortage of qualified teachers in South Africa. On the other hand, NSFAS caters to a wider range of fields and qualifications, supporting students in various disciplines.
2. Funding Model: The Funza Lushaka Bursary is primarily a bursary program, meaning it provides non-repayable financial aid. However, NSFAS operates as a loan-based system, where the financial aid received is repayable by the student after the completion of their studies, based on their income.
3. Selection Criteria: The selection criteria for the Funza Lushaka Bursary are largely based on academic merit, while also considering financial need. NSFAS, on the other hand, considers both financial need and academic performance but also takes into account other factors such as the number of dependents in the family and the cost of study.
To get more detailed and up-to-date information on both Funza Lushaka and NSFAS, it is recommended to visit their official websites or contact their respective offices directly.