NSFAS FACTS & FIGURES SHEET

MISSION STATEMENT

NSFAS seeks to impact on South Africa’s racially skewed student, diplomat and graduate population by providing a sustainable financial aid sCHEME that enables academically deserving and financially needy students to meet their own and South Africa’s development needs.

NSFAS PARAMETERS

	1999	2000	2001	2002	2003	2004	2005	2006	2007
Maximum	R 13,300	R 14,600	R 16,000	R 17,600	R 20,000	R 25,000	R 30,000	R 32,500	R 35,000
Minimum	R 1,100	R 1,200	R 1,300	R 1,400	R 1,500	R 2,000	R 2,000	R 2,000	R 2,000
Interest Rate	8.90%	8.50%	7.30%	7.60%	10.40%	7%	5%	6%	7%

AMOUNT AWARDED BETWEEN 1991 AND 2006

1991	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007
R21m	R41m	R55m	R70m	R154m	R333m	R350m	R394m	R441m	R511m	R635m	R733m	R894m	R985m	R1 217m	R1 358m	R1 700m Est.

AVERAGE AWARD SIZE (in Rands)

1991	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006
2970	2918	2652	2494	3517	4581	4973	5207	5855	6252	6790	7339	9255	9973	11384	11076

NUMBER OF STUDENTS ASSISTED BETWEEN 1991 AND 2005

1991	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006
7 220	13 945	20 245	25 574	40 002	67 641	63 272	67 558	68 362	72 038	80 513	86 147	96 552	98 813	106 852	107 586

PASS RATE (number of courses passed, not graduation rate)

996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006
72.6%	75.3%	76.1%	73.8%	74.6%	73.1%	73.9%	72.3%	74.3%	75.6%	73.5%

CAPITAL CONVERTED INTO BURSARIES

1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006
26.5%	28.9%	29.4%	29.0%	29.4%	28.9%	28.7%	28.2%	30.1%	31.0%	tba

DEMOGRAPHICS

54 Women

46 men

91 % of recipients have been African, 4% Coloured, 3% White and 2% Indian

RECOVERED MONEY

1998/1999	1999/2000	2000/2001	2001/2002	2002/2003	2003/2004	2004/2005	2005/2006	2006/2007
R 30,3m	R 67,6m	R 91,7m	R 112,36m	R 155,8m	R 208,5m	R245,3m	R329m	R341m

DISBURSEMENT from pool of RECOVERED FUNDS

1999/2000	2000/2001	2001/2002	2002/2003	2003/2004	2004/2005	2005/2006	2006/2007	2007/2008
R 13,7m	R 9,2m	R 149,3m	R 150m	R 168,8m	R 246,5m	R 261,3m	R291m	R353m (est)

ADMINISTRATIVE COSTS AS A PERCENTAGE OF TOTAL EXPENDITURE

1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006
1.14%	1.10%	1.34%	1.38%	1.76%	1.73%	1.89%	1.79%	1.77%	1.74%	1.64%