Will Nsfas Pay For January 2023

Will Nsfas Pay Allowances For January 2023

Nsfas provides money as monthly allowances to students who have been accepted into the programme each academic year. The South African Department of Higher Education and Training administers the Nsfas, a financial programme that provides financial aid to qualifying South African citizens who have applied to or are already enrolled in one of the nation’s public schools or universities.

The Nsfas bursary provides funding to students for a variety of expenses, including registration fees, tuition fees, housing, transportation, textbooks, and more.  If you want to apply for the bursary, the 2023–2024 application period is presently available from November 2, 2022, to January 7, 2023.

According to information provided by NSFAS, the programme has received its initial budgetary allocation from National Treasury and has since released funding to institutions in accordance with registration data. Beginning on Friday, April 8, 2023, the Scheme will begin processing payments to institutions and disbursing student allowances.

 

Read: Nsfas January Application Closing Date 2023

 

Who Is Qualified To Receive Nsfas Funds In 2023

The Nsfas bursary is only given to South Africans who fall under the following categories:

• 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 Much Nsfas Scheme Pay in  January 2023-2024

 

Apart from that Nsfas pays for the registration fee and tuition fees for university students, they also provide funds for the following:

 

• 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

 

Read Also: Are Nsfas Applications Open For 2023

 

How Much Money Do Nsfas Pay Students In January 2023-2024

Apart from that Nsfas pays for the registration fee and tuition fees for Tvet college students, they also provide funds for the following:

 

• 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

 

CONTACT NSFAS

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

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