How NSFAS Help Students

What does NSFAS give to students; How NSFAS Help Students

For students who are struggling financially, NSFAS is a lifeline and a pillar of educational empowerment. NSFAS, which was established on the principle that no worthy student should be denied an education because of a lack of funding, is a powerful symbol of the country’s dedication to developing talent and promoting inclusive growth. This organisation is based on the core conviction that every aspirant mind has a fundamental right to education, not only one that is a privilege for the lucky few. This guide is intended to give you accurate and current information, regardless of whether you are a prospective student looking for information on how to apply for NSFAS aid or a worried parent wanting to know what support options are available for your kid.

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

How to Fund Students with NSFAS

NSFAS offers loans and bursaries to eligible students studying in public universities and Technical and Vocational Education and Training (TVET) institutes in South Africa. After students graduate and get jobs, they handle these loans and bursaries and collect the outstanding balance from the students.

Benefits For Students Of The NSFAS Fund

NSFAS Funding Bursary, a component of the National Student Financial Aid Scheme, will pay for these;

• 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.

In 2024, How Much Will NSFAS Assist Students?

The sums specified for accommodation, a living allowance, transport and school supplies ought to be in line with the most recent DHET guidelines that have been authorised.

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

Do You Pay Back NSFAS Bursary

• Yes

Repayment of your loan is required in order for others to take advantage of the programme.

Methods for NSFAS Application

The NSFAS application process requires the following comprehensive stages to be completed.

• Begin by visiting the official NSFAS website: www.nsfas.org.za
• Locate and select the “myNSFAS” option, found on the page’s right-hand side menu.
• Set up your “myNSFAS” account using this link: https://my.nsfas.org.za
• To access your account, log in using your ID number, which will also serve as your username.
• Once logged in, find and click on the ‘Apply’ tab to initiate your application.
• Fill in every section, providing all the personal details as prompted.
• Proceed to attach and upload the necessary supporting documents for your application.
• Finally, submit your application to undergo a thorough review and assessment.

READ ALSO; Nsfas Application 2024 For Tvet Colleges

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 website and read more on book allowance

stay tuned to our blog for more tips, updates, and expert advice on managing your myNSFAS account effectively. Your educational journey awaits