Why Is Nsfas Not Funding Students

Why Is Nsfas Not Funding Private Students Housing; Nsfas Funded List 2024

 

Due to failure to meet other funding requirements, about 150,000 students will not receive financial aid from the National Student Financial Aid Scheme (NSFAS) for the 2024 academic year.

The Minister of the Department of Higher Education stated in a statement that 52,992 university students and 93 532 TVET college students did not get NSFAS financing for the 2023 academic year.

University students of about 22, 014 did not receive funding since they had already completed their first undergraduate degree. NSFAS approved the budget for 2024-2025 was R41.5 billion.

This amount excluded the R6.4 billion additional budget approved by Higher Education Minister Blade Nzimande which is awaiting virement approval from the National Treasury. Nzimande congratulated students who were successfully funded and said that their bursary guidelines were based on many principles.

Why Is Nsfas Not Funding Students 2024-2025

Some students were denied the NSFAS funds because of the following:

•  Because some students have neglected to report an increase in household income,(which would affect their eligibility for financial aid).
• Other students have also provided fake information.
• Others have already completed their undergraduate studies

Nsfas Funded List 2024

Read: Nsfas Opening Date For 2023

Note:
Nsfas assistance is only available to students whose household income is below R350 000, and R600 000 for students with impairments.

How Much Does Nsfas Give As Allowances To Students

Nsfas pays for student registration fees, tuition fees, and many more. Below are some of the allowances that are given to students each month:

• Book Allowances:

During the week of February 10–14, 2024, book allowance for pupils enrolled for the entire school year will be distributed in two payments of R2 600 each.

All NSFAS students are eligible for a yearly book allowance of up to R5,200.In February 2024, students who have been registered for the entire academic year will get the maximum book allowance.

Students who have only registered for one semester are eligible for an R2 600 book allowance. Please be aware that you will be responsible for the remaining balance of R2 600 if you decide to discontinue your studies in the second semester after receiving your annual book allowance.

• Meal Allowances:

For five (5) months (Semester 1: Feb-Jun or Semester 2: Jul-Nov), students who are registered for just one semester will get R7 500.

Except for distance learners, all NSFAS students are eligible for a meal allowance of up to R15 000 per year. The allowance for students who have registered for the entire academic year will be distributed throughout ten months (Feb-Nov).

•  Private Accommodation Allowance

Before an application for private housing may be taken into consideration, a valid lease agreement must be uploaded. Following the approval of your application for private housing, you will be paid during the first week of the following month.

Your most recent rental payment will be included in the initial payment. Your rental duration and the amount will determine your payment.
Please be aware that whether you are staying at home or in an on-campus residence, you will not be compensated for your private accommodations.

Additionally, distance learners are not eligible for the private housing stipend. The maximum private housing allowance for a student enrolled for the entire year in 2024 is R34 400. The most a student can pay in one semester is R17 200.

Nsfas Covers For The Following

Amounts indicated for accommodation, living allowance, transport, and learning materials need to be aligned with the approved latest DHET guidelines.

UNIVERSITY

• 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 of R2900 per annum for students in catered residences

TVET

• 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

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.