How NSFAS Help Students

What does NSFAS give to students; How NSFAS Help Students

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.

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.