How Much NSFAS Pay

How much money does NSFAS pay per month; How Much NSFAS Pay

How Much NSFAS Pay

How much money does NSFAS pay per month; How Much NSFAS Pay

NSFAS will be disbursing funds for the 2024 academic year. The disbursement of NSFAS allowances will be done using the new payment system. students must remain informed about what to expect when it comes to NSFAS allowance payments. The National Student Financial Aid Scheme will provide funding to around 1 million tertiary students nationwide for the 2024–2025 academic year (NSFAS). This covers financially supported students attending TVET colleges and public universities across the nation. Students approved for the NSFAS bursary receive registration fees, tuition and a number of allowances. However, the amount of each allowance differs depending on which tertiary institution they attend.

READ ALSO; WWW.NSFAS.org.za Apply 2024

What Does the NSFAS Allowance Cover?

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.

Amount To Expect From NSFAS 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

How 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.

For How Long Is NSFAS Financing You?

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: