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TOPIC : CAREER AND CAREER CHOICES Read the following oxtract and answer the questions thet follow NSFAS APPROVES FUNDINO FOR 300000 BTUDEMTS, REJECTS 65000 The National Student Financial Ald Scheme (NSFAS) has approved funcing to mora than 300000 students for the yoar 2019. The scheme said that it has completed all assasaments of tha applications of fisttime students. "Of the 417000 applications received, more than 300000 students have been declared approved, pending registration at public instrutions for NSFAS funded quallifications," said spokcesperson Kagisho Mamabolo. Mamabolo said that 65000 applicants had been unsuccessfut. 1.1 Name and explain what type of financial ald NSFAS is. \( \quad(1+2=3) \) 1.2 Describe FOUR ways you can go about for financial ald. \( (4 \times 2=6) \) 1.3 Evaluate THREE reasons why a students' application for financial ald would be unsuccessful, think about the following: - socio-economic factors - subject choices - career field \( (3 \times 2=6) \) 117

Ask by Carrillo Chen. in South Africa
Mar 08,2025

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### 1.1 Type of Financial Aid Provided by NSFAS **Type of Financial Aid:** Government-funded financial assistance for students. **Explanation:** NSFAS offers aid to help students from low-income families cover tuition, accommodation, and related expenses, enabling them to pursue higher education without significant financial strain. ### 1.2 Four Ways to Seek Financial Aid 1. **Scholarships:** Apply for awards based on merit, talent, or specific criteria from organizations and institutions. 2. **Bursaries:** Receive financial support from companies or organizations in exchange for post-graduation commitments. 3. **Student Loans:** Obtain loans from banks or financial institutions to cover education costs, with repayment obligations after graduation. 4. **Government Grants:** Apply for grants from government programs aimed at assisting students from disadvantaged backgrounds. ### 1.3 Reasons for Unsuccessful Applications for Financial Aid 1. **Socio-Economic Factors:** Students from households exceeding NSFAS's financial criteria may not qualify. 2. **Subject Choices:** Applications for courses not recognized or funded by NSFAS may be rejected. 3. **Career Field:** Programs in fields not prioritized by NSFAS may not receive funding, leading to unsuccessful applications.

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The National Student Financial Aid Scheme (NSFAS) is a government-funded financial aid program in South Africa designed to assist students from disadvantaged backgrounds with the costs of higher education. It primarily provides loans and bursaries to eligible students to cover tuition fees, accommodation, and other essentials, thereby helping to increase access to education and reduce financial barriers. When seeking financial aid, students can explore several avenues. First, applying for government scholarships and grants, which are often based on financial need or academic merit. Second, investigating private scholarships offered by universities, corporations, or nonprofit organizations can yield additional funding opportunities. Third, seeking advice from school counselors, who can guide students to suitable financial aid resources. Lastly, participating in fundraising efforts or crowdsourcing platforms allows students to gather financial support from family, friends, and community members.

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