How Often Nsfas Pay For College Students 2023

How Often Nsfas Pay Allowance For College Students 2023

 

A government programme 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 2023, 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 2023

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 for 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 2023

• 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 R2900 per annum for students in catered residences

 

Nsfas funding For Tvet Colleges Students In 2023

• 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

 

How Often Nsfas Pay For College Students 2023

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

 

CONTACT NSFAS

 

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

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