How Often Will NSFAS Fund

How do I check my NSFAS 2024 balance, How Often Will NSFAS Fund

Are you a recent high school graduate or undergraduate from South Africa who received funding from the NSFAS? Students who have been confirmed as being among those selected to get the funds and who are unsure of How Often NSFAS Pay Allowance In 2024  will have to read this note. NSFAS’s allowance period varies according to the type of stipend awarded and the academic calendar of the institution. Based on how long the school year is at that specific location, the living allowance is usually awarded monthly for a period of either 10 or 12 months. Additional benefits like housing, study materials, and tuition reimbursement could be given out at the start of every semester or the academic year.

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How Often Will NSFAS Pay Allowance

The first week of every month is usually when monthly instalments are made for a period of ten months.

Notable: Student payments differ. Thus, try not to lose your cool if your flatmate gets 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

How Much NSFAS Allowance Pay Will Total in 2024?

The amounts specified for lodging, stipend, transportation, and educational materials must be in compliance with the most recent DHET regulations.

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

Which Payment Method Will NSFAS Allowances Be Used?

• Universities: The NSFAS funds universities annually, and those universities then grant allowances to eligible students. Administrators like Intellimali have the ability to supervise payments or transfer money straight into student bank accounts.
• Registration for the NSFAS Wallet, which needs a SIM card and a cell phone, is limited to TVET students only. It allows registered NSFAS retailers to make purchases and take cash withdrawals when it is enabled.
• NSFAS MasterCard: This cutting-edge direct payment option for student allowances is scheduled to launch at the end of September 2023 and appears to be a viable choice. This will eventually replace the NSFAS wallet and offer several more features.

How much time does it take for money from NSFAS to appear in a bank account?

Remember the following: It may take up to 15 working days for funds to appear in your account. Twice a month, in the first and third weeks, NSFAS allowances will be processed.

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NSFAS Contact

For general, student and NSFAS Wallet enquiries

For all other queries regarding students:

 Tel No.: 08000 67327

 Email: info@nsfas.org.za

Physical Address

The Halyard, 4 Christiaan Barnard St, Cape Town City Centre, Cape Town, 8001