Who Does NSFAS Fund

How does NSFAS give you money, Who Does NSFAS Fund

Who Does NSFAS Fund

How does NSFAS give you money, Who Does NSFAS Fund

A key initiative that encourages potential South African students to pursue higher education is the National Student Financial Aid Scheme or NSFAS. To enable applicants to pursue their ambitions of higher education without the weight of financial limits, people must be made aware of the NSFAS qualifying standards. This detailed handbook looks at the specifics of who can apply for an NSFAS grant. Whether you’re a prospective student ready to start your academic adventure or a worried parent looking for financial support for your child’s education, this content will be helpful.

Who Needs to Get NSFAS Money?

You must fulfil the following requirements in order to be eligible for the National Student Financial Aid Scheme:

Everybody who has received funding from SASSA
It is imperative to have both email addresses and mobile phone numbers.
hold a legitimate ID and be a South African citizen.
Be a student enrolled for the first time in TVET or university
The annual income of a household cannot be more than R350,000.
must fulfil the prerequisites academically in order to be admitted to a TVET institution or university.
The yearly household income of those with disabilities shouldn’t be more than R600,000.

It is advisable to contact NSFAS directly to obtain the most recent information on their qualification standards, as this information is subject to change at any time. Download the 2024 application form in PDF format from NSFAs.org.za.

Documents Needed for NSFAS Applications

It is necessary for all applicants to submit:

A certified duplicate of your identification document.
Certified copy of a letter from SASSA
A certified copy of each household member’s ID, including that of their parents or legal guardians.
a certified copy of your most recent test scores or academic transcript
If either of your parents is deceased, please provide a certified copy of the death certificate.
If your parents are divorced, please provide a certified copy of the divorce decree.
Certified copy of your ID, not older than 3 months A signed and completed consent form.
If you are dependent on your parents/guardian/spouse, please provide Certified ID copies of parent/s, guardian, spouse not older than 3 months and Proof of income of parent, guardian or spouse (payslip or appointment letter If you are self-sufficient (no parent/guardian support) please provide: Proof of income (payslip or appointment letter).
If you have a disability, please provide a completed and signed Annexure A (if your information is not pre-populated on the portal). If you are an orphan, please provide the completed and signed Declaration Form, Other documents required, if applicable: Retrenchment letter / UIF documentation; Death certificate/s; Divorce decree.

NSFAS Allowance Money

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

What You Will Need To Receive Your NSFAS Allowances Through 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.

READ ALSO; NSFAS What You Need To Apply

Contact Details Of Nsfas

NSFAS Contact Center: