Will NSFAS Pay For December 2024

Can NSFAS fund you twice; Will NSFAS Pay For December 2024

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. NSFAS offers additional allowances to specific student groups or under specific circumstances. therefore the scheme disburs funds on a monthly basis and students wonder if they will receive some allowance to enjoy Christmas. the answer is NO. The approved date to disburse funds can be read right below.

READ ALSO; Will NSFAS Pay For October 2024

Will I Receive NSFAS Allowance In December 2024

• NO

Monthly instalments are usually made during the first week of each month for a period of ten months.

Notable: Student payments differ. Thus, don’t 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

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

When Will You Receive Your NSFAS Payment?

The date of your NSFAS payment will vary depending on the type of funding you are getting and your institution. The NSFAS normally makes payments at the start of each month, though the exact date will be decided by your institution. You can check the status of your payment on the myNSFAS website as well.

What Takes Place If You Don’t Receive Your NSFAS Payment on Schedule?

There could be a number of reasons why your NSFAS payment was delayed. To find out if there are any problems or if your payment has been delayed, check your status on the myNSFAS website. Our status check indicates that you haven’t received your money yet. Reach out to NSFAS for assistance in resolving the problem.

NSFAS Allowances Are Paid Through

• Universities: Each year, the NSFAS provides funding to universities, which subsequently give authorised students allowances. Administrators such as Intellimali can oversee payments or directly credit student bank accounts with the funds.
• Only TVET students may register for the NSFAS Wallet, which requires a SIM card and a cell phone. When enabled, it permits registered NSFAS retailers to accept cash withdrawals and make purchases.
• NSFAS MasterCard: Set to debut at the end of September 2023, this innovative direct payment option for student allowances looks promising. This will eventually take the place of the NSFAS wallet and provide a number of further functions.

Steps To Check the Status of Your NSFAS Payment

You can find out your NSFAS payment status by logging into the myNSFAS portal and choosing the “My Funding” page. It should display your current payment status as well as any future payments.

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

To ensure that their allowances are received on schedule, NSFAS is advising all supported students to finish the onboarding procedure as soon as possible. Remain educated and ready for your October 2023 NSFAS allowance.