nsfas payment dates  tvet college

nsfas payment dates  tvet college

nsfas payment dates  tvet college

nsfas payment dates  tvet college

The NSFAS Act (Act 56 of 1999) established a government institution under the Department of Higher Education and Training to give financial assistance to underprivileged students who seek to continue their studies at public universities or TVET colleges.

The mission statement is made up of three distinct elements, which define why NSFAS exists and the impact on 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.

What is the date NSFAS pay TVET college student ?

NSFAS allowances will be paid during the first week of each month over a period of 10 months.

How much does Nsfas pay TVET college students?

You might be wondering what NSFAS allowances TVET College students receive and what else NSFAS covers. Here’s the answer to your question. Every NSFAS-funded student receives a personal allowance of R2 900 each year.

Know also nsfas closing date

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

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.

HOW TO APPLY

  1. To begin, you must create your myNSFAS account
  2. After that, you click the Apply tab
  3. Update all your NSFAS online Application 2022-2023 information.
  4. Upload your supporting documents
  5. Submit your application by clicking on the “SUBMIT” button

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