What Will NSFAS Bursary Cover For 2024-2025?

What Will NSFAS Bursary Cover For 2024-2025

Go to your myNSFAS account at www.nsfas.org.za to complete the online application form for the academic year 2024 to secure funding for your higher education tuition and registration fees and other related expenses throughout your studies starting in 2024. Once you are approved, NSFAS will pay your school fees, and registration fees, and give you allowances to pay for your accommodation, and approved learning materials such as textbooks and exercise books.

When NSFAS will open in 2024?

NSFAS Online application is currently open to all new South African students wishing to apply or have applied to any of the public universities or public Tvet colleges to pursue undergraduate degree or diploma qualifications with an income of less than R350,000. NSFAS will only close its online application portal on 31 January 2024. Apply now at www.nsfas.org.za if you have an email account, cell phone, and registered phone number.

What is the NSFAS funding for 2024?

The National Student Financial Aid Scheme (NSFAS) is a bursary offered to South African university and technical college students to help with the complete cost of tuition, registration, accommodation, food, transportation, and course materials. All students enrolled in accredited NSFAS courses at universities or Tvet Colleges will benefit from a reduction in their financial load. Nsfas-approved students are also granted monthly allowances to cover daily costs while pursuing their education.

How much will NSFAS Pay for 2024?

NSFAS will pay the full cost of a student’s tuition and registration fee for the academic year 2024. These fees will be paid directly to the enrolled university or Tvet College on behalf of the approved student. Students who pay the tuition fee and registration before the arrival of NSFAS funds can apply for a refund from the university or college.

The allowances paid by NSFAS to an accepted college student at a Tvet college to cover the cost of housing, food, textbooks, transportation, and daily expenses totalling R33,900 (student in urban area), R28,800 (student in the peri-urban area), and R25,650 (student in a rural area) are known as direct payments to NSFAS beneficiaries.

Students enrolled in any public university will receive a bursary or allowance to cover the accommodation according to the real fees levied by the institution. Students who live in privately owned apartments on or off campus will not get an additional allowance from NSFAS. To cover the cost of books, personal care, transportation, and living expenses, NSFAS will pay a maximum allowance of R30,600.

NSFAS 2024 Allowance

The breakdown of all NSFAS ALLOWANCES for students at universities and Tvet institutions may be found below.

Accredited and Approved Public Tvet College

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

A Public University

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.

NSFAS CONTACTS

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

Call NSFAS directly: