How Often Does NSFAS Give Funding

How Often Does NSFAS Give Allowances For Funding

 

Many South Africans, particularly students enrolling for the first time in TVET institutions and universities or returning to work while pursuing their first undergraduate degree, will be eligible for NSFAS payments in 2024. Scholars from households with a combined annual family income of little more than R350 000 are among the additional criteria taken into account.

The student will be given their NSFAS allowances via the Fundi system in cash. You’ll get an SMS from Fundi asking you to upload your banking information after the allowances are debited from your student class fee account. The payment will come after Fundi confirms your financial information. Over ten months, NSFAS payments will be paid during the first week of each month.

The National Student Financial Aid Scheme (NSFAS) is a government program that provides student bursaries. It is overseen by and receives funds from the Department of Higher Education and Training. If you meet the eligibility requirements, NSFAS will pay more than just your tuition. NSFAS offers bursaries to qualified students enrolled in South African public universities and Technical and Vocational Education and Training (TVET) Colleges.

Read: Who Qualifies For Nsfas Funding 2023

How Often Does Nsfas Give Funding To Students Per Month 2024

If you are identified as a beneficiary, a monthly student allowance will be given to you. It should be mentioned that this normally starts as soon as academic activities pick back up. Therefore, if your school is still out on vacation, you might need to be patient. These allowances are nonetheless paid in cash. As a student, you can receive payment directly using NSFAS Wallet, or your school may do so.

Nsfas funding For University Students In 2024

• Accommodation (As per the actual costs charged by the university (costs for private accommodation must not exceed costs for university residence) -R5,617 (Private)
• 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 of R2900 per annum for students in catered residences

Nsfas Allowances

Nsfas funding For Tvet Colleges Students In 2024

• Accommodation in an urban area is R24,000 per annum
• Accommodation in a peri-urban area 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

How To Apply For Nsfas 2024-2025

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

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

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.