How Nsfas Work

How Nsfas Bursary Work

The National Student Financial Aid Scheme is a bursary that the South African government provides to students from less privileged backgrounds. The purpose of this is to guarantee that such students can comfortably complete their studies at TVET colleges or universities.
As a result, NSFAS offers eligible students who want to or are already enrolled in TVET colleges and public universities financial aid in the form of a study bursary.

Now is published on the official website of Nsfas the online application date open for the 2023-2024 academic year. Students who have successfully applied or are already enrolled at any public Tvet college or the University of South Africa with a passing grade from 9-12 are eligible to apply for the bursary.

2023-2024 Nsfas Online Application Date.

All students who like to apply for the Nsfas for the 2023-2024 academic year must do that as soon as the application window is opened. The 2023 application date is open from the 2nd of November 2022 and closes on the 7th of January 2023.

Read: Nsfas Online Application For 2023

What Does The Nsfas Bursary Cover

Apart from that bursaries are given by Nsfas to pay for student registration, tuition, and learning materials among many others, they also give allowances every month which take care of the following:

Allowances For Tvet College Students

Accommodation in an urban area R24,000 per annum
Accommodation in a peri-urban area R18,900 per annum
Accommodation in a rural area 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

Allowances For Universities

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, of 000 per annum
Book allowances R5200 per annum
Incidental/personal care allowance R2900 per annum for students in catered residences

Who Can Apply For The Nsfas Bursary 2023-2024

The following category of persons are eligible to apply for Nsfas:

All South African citizens
All SASSA grant recipients qualify for funding
Applicants whose combined household income is not more than R350 000 per annum
A person with a disability: Combined household income must not be more than R600 000 per annum
Students who started studying before 2018 whose household income is not more than R122 000 per annum.

How Nsfas Work 2023-2024

In South Africa, there are 50 TVET colleges and 26 public universities that get funding from the NSFAS for recognised programmes. Giving students financial aid is the main goal in order to assure their success.

Requirements Needed To Apply For 2023-2024 Nsfas

The National Student Financial Aid Scheme (NSFAS) will require additional information from you in order to process your application after you have obtained parental, guardian, or spouse consent to submit their personal information for validation and verification, accepted the applicable terms and conditions, and confirmed that you have obtained consent from all necessary parties.

Below are some supporting documents that Nsfas will require of you in the review of your application:

Your phone number and email address
Copy of your ID or birth certificate
ID copies of parents, guardians or spouse
Your proof of income or 1 year’s IRP5 (where necessary)
Your parents, guardian or spouse’s proof of income. However, if you are a SASSA grant recipient, no proof of income will be required
Applicants with a disability must submit a completed and signed Disability Annexure
An applicant who is recognised as a Vulnerable Child by the Department of Social Development is required to provide a completed and signed Vulnerable Child Declaration and Consent Form,

Other Documents Required, If Applicable include:

Retrenchment letter
Death certificate/s
Divorcee decree

How To Apply For The 2023-2024 Nsfas

Follow the process below to apply online for the Nsfas bursaries for 2023-2024:

Visit NSFAS Application 2023 website: www.nsfas.org.za
Then, you click on the ‘myNSFAS’ tab.
Create a myNSFAS account.
Click on the ‘APPLY’ tab.
Update your personal information.
Answer the questions you see on the screen.
Upload all the required supporting documents.
Finally, click on submit

CONTACT NSFAS

For any queries related to this bursary programme, please contact NSFAS directly:

Tel: 0860 067 327
Email: info@nsfas.org.za

The NSFAS has relieved you of this burden, therefore as a citizen of South Africa, money is no longer an excuse for skipping school.
Don’t miss the wonderful chance to do anything. I hope the information given has been helpful to you, leave your comments in the comments section. Better still you can visit the official website of NSFAS for more details.

RELATED LINKS:

Nsfas Information

Nsfas Application For 2023 Closing Date

Nsfas Required Documents 2023

My Nsfas Application 2023

Nsfas Application 2023 Closing Date