How Do I Qualify For NSFAS Funding 2024-2025?

How Do I Qualify For NSFAS Funding 2024-2025? How many months does NSFAS pay?

The National Student Financial Aid Scheme (NSFAS) is a lifeline for many South African students who aspire to pursue higher education but lack the financial means to do so. To access this vital financial support, you need to understand the eligibility criteria and application process.

Who qualifies for NSFAS funding? How many months does NSFAS pay?

All South African citizens
All SASSA grant recipients qualify for funding
Applicants whose combined household income is not more than R350 000 per annum
A person with disability: Combined household income must not be more than R600 000 per annum
Students who started studying before 2018 and whose household income is not more than R122 000 per annum.

Who should not apply?

Students who have completed a previous qualification.
Students with a combined household income of more than R350 000 per annum.
Students who have already applied, qualified and received funding. They are automatically funded for the duration of their studies provided they pass their modules and meet the academic requirements.

Eligibility for NSFAS Funding

To qualify for NSFAS funding for the 2024-2025 academic year, you must meet the following eligibility criteria:

South African Citizenship
Financial Need
Academic Performance
Age Limit
Qualification and Institution
Previous NSFAS Debt

What does the bursary cover?

Amounts indicated for accommodation, living allowance, transport and learning materials need to be aligned with the approved latest DHET guidelines.

UNIVERSITY

Accommodation: As per the actual costs charged by the university (costs for private accommodation must not exceed costs for university residence)
Transport (up to 40 km from the institution) R7 500 per annum
Living allowance R15, 000 per annum
Book allowances R5200 per annum
Incidental/personal care allowance of R2900 per annum for students in catered residences

TVET

Accommodation in an urban area is R24,000 per annum
Accommodation in a peri-urban area is R18,900 per annum
Accommodation in a rural area is R15,750 per annum
Transport (up to 40 km from the institution) R7,350 per annum
Transport R7000 per annum
Incidental/personal care allowance R2900 per annum

Qualifying for NSFAS funding for the 2024-2025 academic year involves meeting certain eligibility criteria, demonstrating financial need, and completing the application process accurately. NSFAS is a vital resource that can make higher education accessible to those who might not otherwise have the opportunity. By following the steps outlined in this article and staying informed about deadlines and policies, you can increase your chances of securing the financial assistance you need to pursue your educational goals. APPLY NOW

RELATED LINKS:

Contact NSFAS

For general, student and NSFAS Wallet enquiries

For all other queries regarding students:

Tel No.: 08000 67327

Email: info@nsfas.org.za

Physical Address

The Halyard, 4 Christiaan Barnard St,

Cape Town City Centre, Cape Town, 8001