Will NSFAS Pay For October 2024

How many months does NSFAS pay, Will NSFAS Pay For October 2024

Funds Will be distributed by NSFAS for the academic year 2024. With October just a few days away, students need to be aware of what to anticipate when it comes to NSFAS allowance payments. The new payment system for NSFAS allowance disbursement started in June. NSFAS is funding around one million tertiary students nationwide for the 2024 academic year, including those attending public universities and TVET colleges. Higher Education Minister Blade Nzimande has announced that R47.6 million has been allocated in total for this academic year’s budget. to know if you will receive your allowance this October read below;

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Key Payment Dates for NSFAS Allowances 2024

Monthly payments, predominantly within the first week of every month for 10 months.

Noteworthy: Payments vary by student. So, if your roommate receives their allowance before you, stay calm.

First Semester:

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

Second Semester:

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

What Time Will Your NSFAS Payment Arrive?

Your NSFAS payment will be issued on various dates, based on your institution and the kind of financing you are receiving. The NSFAS typically pays out at the beginning of each month, though your institution will determine the precise date. On the myNSFAS website, you may also see the status of your payment.

What  Happens If Your NSFAS Payment Isn’t Received on Time?

The reason(s) for the delay in your NSFAS payment can be various. Check your status on the myNSFAS site to see if there are any issues or if your payment has been delayed. You still haven’t received your payment, according to our status check. For help fixing the issue, get in touch with NSFAS.

How NSFAS Allowances Are Paid:

• 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.

How 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.

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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.