How Many Months Does NSFAS Pay A Year

How many months does NSFAS give funds; How Many Months Does NSFAS Pay A Year

Are you a recent high school graduate or undergraduate student from South Africa who applied for aid through the NSFAS with success? If it has been confirmed that you are among those selected to get the monies and you are unsure about the amount of money that nsfas would provide you each month,  Students can receive financial aid from NSFAS all year long. The type of stipend being paid out and the academic calendar of the institution determine how many months NSFAS provides allowances. Generally, the living allowance is paid out every month for a period of either 10 or 12 months, contingent upon the length of the school year at the specific institution. Other benefits like tuition, housing, and study materials could be paid out at the start of the school year or every semester.

READ ALSO; When NSFAS Is Closing 2024 Application

Will NSFAS Pay The Whole Year

10 Months

When will my NSFAS allowances be sent to me? Over a ten-month period, NSFAS payments will be paid during the first week of every month.

What NSFAS Bursary Pay

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

What Is Financed By NSFAS

If your application is accepted, the National Student Financial Aid Scheme will help with these study-related costs.

• Accommodation
• Transport
• Living stipend
• a budget for books
• Allowance for incidentals or personal care

When Does NSFAS Pay for Accommodation

In the event that your application for private accommodations is accepted by the 25th of the current month, you will be paid from the day of your move-in until the first week of the following month, at which point you will receive monthly payments through November.

READ ALSO; When Do NSFAS Applications Open For 2024-2025