How Often Will NSFAS Pay Allowance In 2024

How much is NSFAS giving per month 2024; How Often Will NSFAS Pay Allowance In 2024

Are you a South African undergraduate or recent high school graduate who was successful in your NSFAS aid application? Students can receive financial aid from NSFAS year-round if it has been verified that they are among those chosen to receive the funds and you are unclear on How Often Will NSFAS Pay Allowance In 2024. The number of months that NSFAS offers allowances depends on the kind of stipend that is being given out and the institution’s academic schedule. Typically, the living allowance is given out each month for a duration of either 10 or 12 months, depending on how long the school year is at that particular place. Additional perks such as accommodation, study materials, and tuition may be disbursed at the beginning of each semester or at the beginning of the school year.

READ ALSO; NSFAS Allowance Dates 2024 For TVET Colleges

How Regularly Will NSFAS Pay Allowance?

For a duration of 10 months, monthly instalments are typically made during the first week of each month.

Notable: Payments to students vary. So, if your housemate gets their allowance before you do, try not to lose your cool.

First Semester:

• 28 February
• 7 March
• 4 April
•  3 May
•  6 June

Second Semester:

• 18 July
•  1 August
•  5 September
•  3 October
•  7 November

The Total Amount NSFAS Allowance Pay In 2024

Amounts indicated for accommodation, living allowance, transport and learning materials need to be aligned with the approved latest DHET guidelines.

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.

READ ALSO; How Much Does NSFAS Pay Per Student Per Month?

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