How Much NSFAS Allowance

How much does NSFAS give per month; How Much NSFAS Allowance

How Much NSFAS Allowance

How much does NSFAS give per month; How Much NSFAS Allowance

The financial aid package offered to qualified students includes the NSFAS allowance. It’s meant to help with living expenses, such as housing, food, travel, and school supplies. To have a successful academic experience and to plan your educational journey, it is imperative to comprehend the nuances of the NSFAS allowance, including the potential amount you may get.

We will examine the NSFAS allowance in detail, illuminating the variables that affect its distribution, the various kinds of allowances that are offered, and the most effective ways for students to budget their money so they can pay for their necessities. This guide will give you important information about the NSFAS allowance and assist you in making decisions that will support your goals of pursuing higher education, regardless of whether you are currently receiving benefits from the programme or are thinking about applying for financial aid. So let’s go out on a quest to learn more about the essential elements of the NSFAS allowance and how important it is to South African students.

NSFAS Monthly Allowance Payment Date

For a ten-month period, monthly instalments are typically paid during the first week of each month.

Notable: Student reimbursements vary. Therefore, attempt to maintain your composure if your flatmate receives their allowance before you do.

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 Is Covered by the NSFAS Allowance?

In 2024–2025, the National Student Financial Aid Scheme, or NSFAS Funding Bursary, will pay for tuition as well as a number of other study-related expenses. These expenses consist of:

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: They provide 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.

The NSFAS Coverage Allowance Amount in 2024

The mentioned sums for accommodation, living expenses, transport, and school supplies have to be in line with the most recently approved DHET standards.

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

Conditions for Obtaining NSFAS Funds

What is required to access your NSFAS allowances via the NSFAS Wallet?

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.

Steps To Activate NSFAS Wallet And Receive Allowance In 2024