How Much is NSFAS Allowance for 2024-2025?

What Will NSFAS Bursary Cover For 2024-2025?

How Much is NSFAS Allowance for 2024-2025?

The amount of money that will be distributed as allowances to all accepted students for the academic year 2024–2025 has been formally announced by the National Student Financial Aid System or NSFAS. This is intended to assist South African students in paying tuition and other costs associated with attending various universities and Tvet colleges, such as registration fees. To apply for financial support through NSFAS, visit www.nsfas.org.za, fill out the online application, attach all necessary documents, and submit it by January 31st, 2024.

For the academic year 2024, NSFAS allowances will be issued to all accepted students as early as February. NSFAS will pay the college or university directly for things like tuition and registration costs. Then, approved students will get a monthly stipend to help with costs like accommodation/rent, transportation, books, food, and other essentials for living during the school year. Apply for NSFAS financing right away at www.nsfas.org.za before the application window closes.

Who qualifies For NSFAS Allowances?

Although candidates with SA ID numbers are eligible to apply for NSFAS, they must also meet other criteria in addition to being South African citizens. On this page, we’ve provided a thorough explanation of every NSFAS application criterion. Before applying, we strongly advise every applicant to read the requirements and make sure they are met.

You cannot apply for NSFAS ALLOWANCES;

if you are not a citizen of South Africa
If you do not have a valid email address and a cell number
If you have an income of more than R350,000 per annum
If you are studying second degree (Postgraduate) qualifications
If you currently receiving NSFAS funding

NSFAS Student Allowances 2024

The NSFAS allowances are given out in accordance with the applicant’s daily needs, the location of the applicant, the school at which they are enrolled, and other variables. Depending on where a student lives while attending a university or Tvet College, NSFAS will either give them a housing allowance or a transportation allowance. The NSFAS does, however, have a threshold amount designated for accommodation and daily or living costs. In this essay, we shall examine all the allowances.

2024 NSFAS allowance For TVET College Students

Each Tvet College student will receive the NSFAS allowances indicated below upon approval for 2024 NSFAS funding.

Students living in Accommodation in an urban area will have R24 000 allowance per year.
Students living in Accommodation in a peri-urban area will be paid an allowance of R18 900 per year.
A student in an Accommodation in a rural area will be given an allowance of R15 750 per year.
Students travelling 40 km from the institution to the residence will be given a transportation allowance of R7 350 every year

Following NSFAS approval, each student will receive the following amounts each month for the duration of their study.

Living expenses allowance up to R7 000 per year.
Incidental/personal care allowance up to R2 900 per year.

NSFAS allowances For University For 2024

Students studying in any of the public universities will be given the following allowances by NSFAS for the academic year 2024

Accommodation: As per the actual costs charged by the university
Costs for private accommodation must not exceed costs for university residence
Transport allowance of R7 500 per year up to 40 km from the institution.
Monthly Living expenses allowance up to R15 000 per year.
Monthly Learning materials/Book allowances capped at R5 200 per year.
Incidental/personal care allowance of R2 900 per year for students in catered residences.

How NSFAS Allowances Will Be Paid in 2024

As part of the organization’s digital transition to prevent and eliminate fraud and errors, all NSFAS beneficiaries at universities and TVET colleges will begin receiving their allowances in June 2024 through the NSFAS bank card.

NSFAS CONTACTS

If you need to contact NSFAS, you can do so through the following channels:

Call NSFAS directly: