does nsfas pay for tvet college 2023-2024 -

does nsfas pay for tvet college 2023-2024

does nsfas pay for tvet college

does nsfas pay for tvet college 2023-2024

The National Student Financial Aid System (NSFAS) Act (Act 56 of 1999) established a government institution under the Department of Higher Education and Training to provide financial support to impoverished students who wish to continue their education at public universities or TVET institutes. Fortunately, NSFAS funds public TVET colleges, enabling thousands of students to continue their education.

The mission statement is divided into three sections, each of which explains why NSFAS exists and how it impacts the constituency:

NSFAS exists to offer financial aid to qualified students at TVET colleges and public universities;
NSFAS identifies qualified students, provides bursaries and collects past student loan repayments to replenish the funds available for future generations of students; and,
NSFAS funds access to, and success in, higher education and training for students from underprivileged and working-class families who would otherwise not be able to afford to study.

When will NSFAS start funding TVET students?

Over the period of ten months, NSFAS allowances will be paid during the first week of each month.

How much does Nsfas pay TVET college students?

NSFAS provides the following allowances to students:

Personal Care Allowance
- All students funded by NSFAS get a personal allowance which is R2 900 per year.
Transport Allowance
- If you live less than 40km away from the College, you’re eligible for the transport allowance and you’ll receive R7 350 per year.
Accommodation Allowance
- For students who live in private accommodation more than 40 km from the College:
  - Students who live in rural areas receive R15 750 per year
  - Students who live in peri-urban areas receive R18 900 per year
  - Students who live in urban areas receive R25 200 per year
- If students are residing in the College’s hostel accommodation, their accommodation allowance comes to R33 000 per year