National Student Financial Aid Scheme (NSFAS) Funders 2024/2025

National Student Financial Aid Scheme NSFAS Funders 2024/2025.

Our funders are government departments (national, provincial and local), government agencies, Sector Education and Training Authorities (SETAs), private companies and philanthropic organisations that have signed an agreement with NSFAS to provide funding for loans and bursaries to be administered through NSFAS.

NSFAS FUNDER RELATIONS MANAGEMENT PROGRAMME

BACKGROUND AND MANDATE

The National Student Financial Aid Scheme (NSFAS) provides financial aid to South African students using funds provided mainly by the government. The NSFAS Act No. 56 of 1999, section 14 (1) (b) and (e) refers to Funds of NSFAS; the funds of the NSFAS consist of (b) donations or contributions and (e) any other income received by the NSFAS.

NSFAS FUNDER RELATIONS MISSION

The NSFAS Funder Relations Management Programme was established to manage bursary programmes on behalf of funding entities through the execution of the NSFAS mandate incorporating the increased funding amounts obtained from current funding entities in the form of Sector Education and Training Authority’s (SETA) national and provincial government departments.

THE STRATEGY

The Funder Relations Management Programme strategy recognises the fact that since competition and demand for funding of socio-economic conditions of many people has remained and high and stiff in the country; NSFAS therefore must position itself competitively within the fundraising and funding management environment as an entity aligned to objectives helping students from poor financial backgrounds access tertiary education.

The Funder Management Programme’s four pillars strategy include:

• Broadening the resource channels
• Framework of dialogue with funders
• Increasing capacity for fundraising
• Planning, budgeting, monitoring and evaluation

PARTNERSHIP BENEFITS

• Maximise the funds managed by NSFAS through the funding capabilities created through partnerships.
• Maximise value for the donor/funder through expert stakeholder engagement.
• Provide the growth required to supplement the income decline due to NSFAS business model.
• Offer comparative advantage and leverage on strengths as well as areas of interest to address funding challenges.
• Provide room to come up with ideas, take them to scale and come up with solutions.
• Encourage collaboration based on common interest.

COLLABORATE WITH NSFAS

HOW CAN YOU PARTNER WITH NSFAS?

NSFAS has over the years established and developed relationships with various industry stakeholders. These relationships must be cultivated, and new partnerships/relationships created to be leveraged and utilised for new funding.

PARTNER WITH US

Let us know which services you are most interested in by sending an email to FunderRelationsTeam@nsfas.org.za and we will get in touch with you.