nsfas funding 2023-2024

nsfas funding

nsfas funding

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.

What does the funding 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

Who qualifies for NSFAS funding?

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.

Read also nsfas private accommodation form

Who should not apply for the NSFAS funding?

Students that have completed a previous qualification.
Students with a combined household income of more than R350 000 per annum.
Students who have already applied, qualified and received funding. They are automatically funded for the duration of their studies provided they pass their modules and meet the academic requirements.
Foreign students (any student who is not a South African citizen).

How to apply for NSFAS funding