Education is the key to unlocking a brighter future, and for students in South Africa aspiring to build careers in finance, accounting, and related fields, the FASSET Bursary offers a golden opportunity. This comprehensive guide delves into the details of the FASSET Bursary, including eligibility criteria, application processes, and the benefits it provides to students.
What is the FASSET Bursary?
The Finance and Accounting Services Sector Education and Training Authority (FASSET) is one of South Africa’s Sector Education and Training Authorities (SETAs). FASSET plays a pivotal role in developing skills within the financial services sector, including accounting, auditing, and financial management. To support this mission, FASSET offers bursaries to both unemployed and employed individuals pursuing qualifications in these fields.Sa-SETA.com+1NASI iSPANI+4Regenesys+4EduUpstairs+4
Who is Eligible for the FASSET Bursary?
Unemployed Learners
To qualify for the FASSET Bursary as an unemployed learner, applicants must meet the following criteria:Walter Sisulu University+18NASI iSPANI+18Facebook+18
- South African Citizenship: Applicants must be South African citizens.VarsityWise+1
- Completed Matriculation: A National Senior Certificate (NSC) or equivalent is required.
- Pursuing Relevant Studies: Enrollment in a qualification related to FASSET’s critical and scarce skills list, such as accounting, auditing, actuarial science, or information technology.VarsityWise+10Sa-SETA.com+10fasset.org.za+10
- Financial Need: A total household income of less than R660,000 per annum.VarsityWise+1
- Registered at Recognized Institutions: Enrollment at a public university, university of technology, or TVET college in South Africa.VarsityWise+3Sa-SETA.com+3EduUpstairs+3
Employed Learners
For employed individuals seeking to further their education, the FASSET Employed Learner Bursary Programme offers support under the following conditions:UniApplyForMe+3Sa-SETA.com+3Sa-SETA.com+3
- Employment Status: Currently employed by a FASSET-registered employer or organization.fasset.org.za
- Relevant Studies: Pursuing part-time studies in qualifications linked to FASSET’s scarce or critical skills list.Sa-SETA.com+1
- Institution Enrollment: Registered at a public university, university of technology, or TVET college.Bursaries Room – Green people site+7EduUpstairs+7Sa-SETA.com+7
- Funding Limit: The bursary covers tuition and prescribed textbooks up to a maximum of R50,000 per academic year.Facebook+6Sa-SETA.com+6EduUpstairs+6
- Duration: Funding is limited to one academic year.fasset.org.za
- Selection Criteria: Applications are considered on a first-come, first-served basis, with academic performance taken into account.EduUpstairs+2Sa-SETA.com+2
What Does the FASSET Bursary Cover?
The FASSET Bursary provides comprehensive financial support to eligible students:UniApplyForMe+14NASI iSPANI+14Instagram+14
- Tuition Fees: Coverage for the cost of tuition at registered institutions.
- Textbooks: Provision for prescribed textbooks required for the course.NASI iSPANI
- Living Expenses: For university and university of technology students, a capped amount of R100,000 per student; for TVET college students, a capped amount of R40,000 per student.VarsityWise+1
- Accommodation and Meals: While not explicitly mentioned, these may be included within the living expenses cap.
How to Apply for the FASSET Bursary
Step 1: Prepare Required Documents
Applicants must gather the following documents:fasset.org.za
- Certified ID Copy: Not older than 6 months.UniApplyForMe+2Zabursaries+2
- Matriculation Results: If currently in matric, provide trial exam results.Zabursaries
- Academic Records: Certified copies of highest qualification and academic records.Facebook+8fasset.org.za+8UniApplyForMe+8
- Proof of Registration: Acceptance or registration letter from a recognized tertiary institution.Regenesys+2fasset.org.za+2
- Proof of Employment: For employed learners, a confirmation letter from the employer.fasset.org.za+2Walter Sisulu University+2
- Financial Documents: Proof of household income, such as recent payslips or an affidavit if unemployed.Regenesys
- Proof of Address: Recent utility bill or similar document.
Step 2: Complete the Application Form
Visit the official FASSET website’s Bursaries page to access the application form. Ensure all fields are accurately filled out.Zabursaries+17fasset.org.za+17fasset.org.za+17Regenesys
Step 3: Submit the Application
Submit the completed application form along with all required documents before the specified deadline. Late applications may not be considered.
Important Dates
- Application Opening: June 2025
- Application Closing: 31 December 2025VarsityWise+12fasset.org.za+12Facebook+12
- Notification of Results: Applicants will be notified of the outcome after the closing date.fasset.org.za
Tips for a Successful Application
- Early Submission: Apply as early as possible to increase your chances, as bursaries are awarded on a first-come, first-served basis.
- Complete Documentation: Ensure all required documents are submitted in the correct format to avoid delays.
- Accurate Information: Provide truthful and accurate information in your application to maintain credibility.
- Follow Up: Keep track of your application status and respond promptly to any requests for additional information.
Additional Resources
For more information on bursaries and financial aid opportunities in South Africa, consider visiting BursariesMzansi, a comprehensive platform offering up-to-date information on various bursary programs.
Conclusion
The FASSET Bursary is a valuable opportunity for South African students aiming to pursue careers in finance, accounting, and related fields. By providing financial support for tuition and textbooks, FASSET enables learners to focus on their studies without the burden of financial constraints. Whether you’re an unemployed individual seeking to further your education or an employed learner aiming to enhance your qualifications, the FASSET Bursary can be a stepping stone toward a successful career in the financial services sector.
