Is NSFAS Allowance Extended

Will NSFAS continue funding; Is NSFAS Allowance Extended

The National Student Financial Aid Scheme (NSFAS) was established by the South African government to provide financial assistance to low-income students who exhibit academic merit. In addition to the beginning allowances, NSFAS offers additional allowances to specific student groups or under specific circumstances. This web page will provide complete details about the NSFAS extended allowances for the 2024/2025 academic year, including the various forms of additional assistance and their qualifying requirements;

READ ALSO; NSFAS Extended Allowance

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:

1. Accommodation: NSFAS covers the cost of on-campus or off-campus student housing.
2. Textbooks and study materials: NSFAS can provide you with a study allowance to purchase the required textbooks and materials for your course.
3. Meals: The NSFAS provides a meal allowance to help cover the cost of food while you are studying.
4. Travel expenses: NSFAS provides a travel allowance to help cover the cost of travel to and from campus.

The NSFAS Coverage Allowance Amount in 2024

The mentioned sums for accommodation, living expenses, transport, and school supplies have to be in line with the most recently approved DHET standards.

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

Conditions for Obtaining NSFAS Funds

What is required to access your NSFAS allowances via the NSFAS Wallet?

• 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.

Steps To Activate NSFAS Wallet And Receive Allowance In 2024

• Sign your LAF/ SOP.
• Receive an SMS welcoming you to Mobile Wallet.
• Verify your account by dialling *120*176# and reply with your ID number.
• Receive a password that you will use when transacting.
• Your vouchers will be made available for spending.

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

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