How Often Nsfas Pay For College Students 2024

By | July 28, 2022

How Often Nsfas Pay For College Students 2024

How Often Nsfas Pay Allowance For College Students 2024

 

A government program that offers student bursaries is called the National Student Financial Aid Scheme (NSFAS). The Department of Higher Education and Training is in charge of it and provides funding for it.

NSFAS will cover more than just your tuition if you are eligible and meet the standards. In South Africa’s public universities and Technical and Vocational Education and Training (TVET) Colleges, NSFAS awards bursaries to qualified students.

In 2024, a large number of South Africans will qualify for NSFAS payments, notably those beginning their studies at TVET institutes and universities or going back to work while earning their first undergraduate degree. One of the extra criteria taken into consideration is the income of the student’s family, which cannot exceed R350 000 annually.

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.

Read: Nsfas Application Dates 2023

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 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 Often Nsfas Pay For College Students 2024

NSFAS allowances will be paid over 10 months during the first week of each month. The Department of Higher Education and Training funds and oversees the government program known as the National Student Financial Aid Scheme (NSFAS), which provides student bursaries.

How To Apply For Nsfas 2024-2025

Follow the process below to apply online for the NSFAS:

  • Visit the NSFAS Application 2024 website: www.nsfas.org.za/apply-2024.
  • 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 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.

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