How Much Is NSFAS Money

How much does NSFAS give monthly; How Much Is NSFAS Money

How Much Is NSFAS Money

How much does NSFAS give monthly; How Much Is NSFAS Money

Funds will be distributed by NSFAS for the academic year 2024. The new payment method will be used to distribute NSFAS allowances. It is important that students stay up to date on their expectations about NSFAS allowance payments. For the 2024 academic year, almost one million tertiary students across the country will receive support under the National Student Financial Aid Scheme (NSFAS). This includes students who get financial aid and attend public universities and TVET colleges around the country. In addition to registration costs and tuition, students who are awarded the NSFAS bursary also get many allowances. However, each allowance has a different amount based on the tertiary school they attend.

What NSFAS Allowance Pay?

The National Student Financial Aid Scheme, NSFAS Funding Bursary, will cover tuition and several other study-related fees in 2024–2025. Among these costs are:

Accommodation: NSFAS covers the cost of on-campus or off-campus student housing.
Textbooks and study materials: NSFAS can provide you with a study allowance to purchase the required textbooks and materials for your course.
Meals: The NSFAS provides a meal allowance to help cover the cost of food while you are studying.
Travel expenses: NSFAS provides a travel allowance to help cover the cost of travel to and from campus.

How Much Is NSFAS Allowance Money

The amounts for housing, a living allowance, transportation, and educational materials 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

NSFAS Allowance Payment Dates for 2024

Monthly payments are usually made during the first week of each month for a period of ten months.

First Semester:

28 February
7 March
4 April
3 May
6 June

Second Semester:

18 July
1 August
5 September
3 October
7 November

What To Do To Receive My NSFAS Funds

What do you need in order to use the NSFAS Wallet to get your NSFAS allowances?

Your own cell phone and valid SIM card
You must sign your NSFAS Bursary Agreement if you are a new student to NSFAS
You will not need to withdraw cash to pay your landlord or any registered merchant.

How Many Years Will NSFAS Fund Me

NSFAS will only support you for a maximum of five years if the means test qualifies you, depending on funds availability each year. You will be responsible for your own expenses up until the point of graduation if you switch courses frequently and need more than five years to finish your degree.

Contact Details Of Nsfas

NSFAS Contact Center: