Differentiate between nsfas and other funding models?
Question: Differentiate between nsfas and other funding models?
NSFAS stands for National Student Financial Aid Scheme, which is a government-funded program that provides loans and bursaries to eligible students who want to pursue higher education in South Africa. Other funding models include scholarships, grants, fellowships, and private loans, which are offered by various institutions, organizations, or individuals. The main difference between NSFAS and other funding models is that NSFAS loans are partially or fully converted into bursaries based on academic performance and other criteria, while other funding models usually do not require repayment or have different repayment terms and conditions. Another difference is that NSFAS covers a wider range of expenses, such as tuition fees, accommodation, books, meals, and transport, while other funding models may only cover some of these costs or have specific eligibility requirements.
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