How Many Students Does NSFAS Fund

How much is NSFAS monthly allowance 2024, How Many Students Does NSFAS Fund

As universities and colleges get ready to welcome back students for the 2024 academic year, and registrations are already beginning, the National Student Financial Aid Scheme has confirmed that it is ready to efficiently administer and disburse student funds. For thousands of students nationwide, NSFAS is essential in granting them access to postsecondary education. Over 90,000 Students Will Be Funded by NSFAS by 2024. Students whose loan applications are approved will have money added to their wallets. detail explanation can be read below.

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

What Are University and TVET College NSFAS Eligibility Criteria

Nsfas provided the following information regarding academic eligibility for TVET college students and university students, respectively:

• As of 2024, continuing university students must obtain a progressive course credit pass rate of 55%, while First Time Entering Students (FTENs) must achieve a course credit pass rate of 50%.
• For continued NSFAS funding, returning university students must fulfil ongoing requirements for academic eligibility.
• The N+ Rule for students attending distant universities will be reevaluated starting in 2024, and the academic progression requirements will gradually rise from 55% to 60%.
• TVET college students studying occupational Programmes can only be funded for the cost of tuition for the duration of the qualification and may qualify for allowances ONLY if in simulated training.
• TVET college graduates will be funded for a university undergraduate qualification regardless of the benefit that they would have derived from the application of the N+ rule at a TVET college level. (On the condition they did not exceed the TVET N+ Rule)”

Applications for 2024 Nsfas funding close on 31 January 2024 at midnight; prospective students have been urged to submit their applications to avoid disappointment.

NSFAS Allowance Students Should Expect In 2024

The amounts listed for housing, a living allowance, transportation, and educational supplies must match the most recent approved DHET requirements.

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

READ ALSO; How Often NSFAS Pay For College Students

Contact Details Of Nsfas

NSFAS Contact Center:

• Phone: 08000 67327 (toll-free)
• Operating hours: Monday to Friday, 8:30 AM – 5 PM (South African Standard Time)

Nsfas Email:

• General inquiries: info@nsfas.org.za
• Application inquiries: apply@nsfas.org.za

Nsfas Postal Address:

• Private Bag X1
• Plumstead
• 7801
• South Africa

Physical Address:

• 10 Brodie Road
• House Vincent, 2nd Floor
• Wynberg
• Cape Town
• 7700
• South Africa

visit NSFAS Official and read more on book allowance

Hope You have found the information above to be helpful. Please feel free to share any recommendations you may have in the space provided for comments below. For further information, you may also go to the Nsfas official website.