Differences Between the NSFAS and Department of Military Veterans Bursary
The National Student Financial Aid Scheme (NSFAS) and the Department of Military Veterans Bursary are two financial aid programs in South Africa that aim to support students in their pursuit of higher education. While both provide financial assistance, they cater to different groups of students and have distinct features and requirements.
Department of Military Veterans Bursary
DMV aims to offer financial aid to qualified military veterans and their dependents who are enrolled in the DMV Database through bursary funds who meets the requirement. The bursary pays for the entire cost of study for students who are studying in various disciplines at institutions nationwide. NSFAS manages the bursary.
Eligibility and Coverage
The bursary is for South African citizens who are military veterans or their dependents. The bursary pays for the full cost of study, including registration and tuition fees, required books/electronic material or required course equipment and material, lodging, and allowances. The bursary can be renewed every year, subject to the availability of funds and academic performance.
Application Process
Applicants need to be enrolled in the National Military Veterans database and need to be officially enrolled to study for an approved funded program at a public institution.
- Complete the Application Form:
- Visit the Department of Military Veterans website and locate the application form for the bursary.
- Fill out all the required information accurately and thoroughly.
- Gather Supporting Documentation:
- Ensure you have all the necessary documents ready to support your application.
National Student Financial Aid Scheme (NSFAS)
NSFAS is a financial aid scheme that provides bursaries to eligible students to help cover the cost of higher education. Unlike the Compensation Fund Bursary, NSFAS is not limited to individuals with occupational injuries or diseases or their dependents.
Eligibility And Coverage
NSFAS is open to South African citizens who meet the financial eligibility criteria set by the scheme. The bursary covers tuition fees, accommodation, meals, study materials, and a living allowance.
Application Process
The application process for NSFAS involves completing an online application form on the NSFAS website. Applicants must provide proof of their household income, among other documents, to demonstrate their financial need.
Recommended: How To Create A myNSFAS Account in 2024
Conclusion
While both the NSFAS and the Department of Military Veterans Bursary aim to provide financial assistance to students, they differ significantly in their target beneficiaries, eligibility criteria, and application processes. The Department of Military Veterans Bursary specifically targets military veterans and their dependents, while NSFAS is open to all students who meet the financial eligibility criteria. Understanding these differences can help students identify which financial aid program is most suitable for their circumstances.
