Are you interested in knowing what NSFAS N+1 rule and NSFAS N+2 rule are all about? If yes, at the end of this post, you will know the full meaning N+1 rule and N+2 rule in NSFAS.
In this post, I will break down what NSFAS N Rules or NSFAS N+ Rule means, the full meaning of N Rules, and when NSFAS rule can be used.
Let’s be with the meaning.
What is NSFAS N+ Rule?
NSFAS N+ Rule is a pivotal rule instituted by NSFAS board to add additional years of funding to students who may not complete their qualifications for the registered expected years. The N rules still apply even if the student change institution and are not based on whether NSFAS funded the student or not.
For instance, students are expected to complete bachelor’s degrees in four academic years. If a student fails their modules for one reason or the other or can’t finish the degree, the NSFAS N+ rule will be applied.
This means that the N+ rule is applied when students under NSFAS funding need additional years to complete their qualifications.
Types of NSFAS N rule?
For now, they are two types of NSFAS N rules which are N+1 rule and N+2 rule. The two forms of rule are applied in different situations.
Next is how the NSFAS N rules are applied and the students who qualify for each rule.
What is NSFAS N+1 rule and how does it work?
NSFAS N+1 Rule is applied when a student has only a year to complete his or her degree qualification. The “N” in the rule means the minimum number of years a student registered to complete a qualification. While “+1” means the additional one-year NSFAS will continue funding the student to complete the qualification for the expected years.
That’s what NSFAS N+1 Rule means in the NSFAS N+ Rule.
What is NSFAS N+2 rule and how does it work?
NSFAS N+2 Rule means a student needs additional 2 years to complete their degree qualification. So, NSFAS will apply the N+2 rule to continue funding for the extra two years a student need to complete their qualification.
NSFAS funds students based on the duration of the course or degree the student is registered to study according to the loan agreement. The NSFAS N+ Rule is to add extra years if a student fails a year.
Does NSFAS fund N 1 Students?
Yes, NSFAS funds N 1 students who need one year to complete their qualifications. This means that NSFAS will continue funding students that failed only one module.
Does NSFAS Fund N 2 Students?
Yes, NSFAS funds N 2 students who need two years to complete their qualifications. This means that NSFAS will continue funding students that failed two modules.
We hope you now know what NSFAS N+1 and N+2 mean and when you need them.