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. $$ (4 imes 2=6) $$ 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 $$ (3 imes 2=6) $$ 117

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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. $$ (4 	imes 2=6) $$ 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 $$ (3 	imes 2=6) $$ 117

UpStudy AI · Accepted Answer

### 1.1 Type of Financial Aid Provided by NSFAS

**Type of Financial Aid:** The National Student Financial Aid Scheme (NSFAS) provides **government-funded financial aid** to students in South Africa.

**Explanation:** This type of financial aid is designed to assist students from low-income households in accessing higher education. It covers tuition fees, accommodation, and other related expenses, enabling students to pursue their studies without the burden of financial constraints. The funding is typically in the form of loans or grants, which may not need to be repaid under certain conditions, such as completing a qualification.

### 1.2 Four Ways to Seek Financial Aid

1. **Scholarships:** 
   - Many organizations, universities, and private entities offer scholarships based on academic merit, sports, or other talents. Students can apply for these scholarships to receive financial support.

2. **Bursaries:** 
   - Bursaries are financial awards given to students to cover tuition fees and other expenses. They are often provided by companies or organizations in exchange for a commitment to work for them after graduation.

3. **Student Loans:** 
   - Students can apply for loans from banks or financial institutions. These loans must be repaid after graduation, usually with interest, but they can provide immediate financial support for education.

4. **Government Grants:** 
   - Various government programs offer grants to students based on financial need. These grants do not require repayment and are aimed at helping students from disadvantaged backgrounds.

### 1.3 Reasons for Unsuccessful Applications for Financial Aid

1. **Socio-Economic Factors:**
   - Many applicants may come from households that do not meet the financial criteria set by NSFAS. If a student's family income exceeds the threshold, their application may be rejected, regardless of their financial need.

2. **Subject Choices:**
   - Students who choose subjects that are not aligned with NSFAS funding criteria may find their applications unsuccessful. For instance, if a student opts for a course that is not recognized or funded by NSFAS, they will not receive financial aid.

3. **Career Field:**
   - Certain career fields may not be prioritized for funding by NSFAS. If a student applies for a program in a field that is not in demand or does not align with national skills development strategies, their application may be denied.
### 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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