nsfas allowance

nsfas allowance

nsfas allowance

nsfas allowance

NSFAS is a government entity under the Department of Higher Education and Training established according to the NSFAS Act (Act 56 of 1999) to provide financial support to disadvantaged students who wish to further their studies at public universities or TVET colleges.

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

  • The National Student Financial Aid Scheme (NSFAS) was established to give financial aid to qualifying students at TVET institutes and public universities.
  • NSFAS finds qualified students, awards bursaries, and collects past student loan repayments in order to replenish funds for future generations of students; and
  • NSFAS promotes access to and success in higher education and training for students from low- and middle-income families who would otherwise be unable to afford it.

Read also nsfas allowance payment dates

What does the allowance cover?

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

TVET

  • Accommodation in an urban area R24,000 per annum
  • Accommodation in an peri-urban area R18,900 per annum
  • Accommodation in an rural area R15,750 per annum
  • Transport (up to 40 km from institution) R7,350  per annum
  • Transport R7000 per annum
  • Incidental/personal care allowance R2900 per annum

How long does the NSFAS allowance take to be paid?

Over the course of 10 months, NSFAS allowances will be paid the first week of each month.

Who eligible for NSFAS allowance?

  • All South African citizens
  • All SASSA grant recipients qualifies for funding
  • Applicants whose combined household income is not more than R350 000 per annum
  • Person with 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.

The following are the  documents required:

  • Copy of ID
  • Proof of household income
  • Parents IDs (for dependent applicants)
  • Academic record

For all other student-related questions, please contact:

Tel No.: 08000 67327
Email: info@nsfas.org.za

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