How Many Months Does Nsfas Give Allowance 2023-2024
How Many Months Does Nsfas Give Allowance 2023-2024: NSFAS is a financial aid scheme that provides financial assistance in the form of bursaries to eligible students to study at tertiary education institutions. They also provide students with allowances and here is how long students receive them. NSFAS begins to disburse students’ allowances to their NSFAS Wallets in the first week of the month. The disbursement of the allowances is not simultaneous for all students. This means your friend may receive his or her allowances earlier than you. Continue reading to know more.
Nsfas Allowance Payment Dates 2024-2025
Every year after funding has been approved for students, nsfas begins to disburse students’ allowances to the wallet. The NSFAS allowance is processed and credited to the student’s wallet within the first 10 days of each month. It is important to note that not all students will get the allowance at the same time.
What Does the NSFAS Cover?
The amounts given for housing, living allowance, transportation, and learning materials must be in accordance with the most recent DHET criteria.
Nsfas Money Per Month 2024-2025
NSFAS Allowance For TVET College Students | Payable Amount (Monthly) | Payable Amount (Per Annum) |
Incidental/Personal Care Allowance | R242 | R2900 |
Accommodation in Rural Areas | R1,312 | R15,750 |
Accommodation in Peri-Urban Area | R1,575 | R18,900 |
Accommodation in Urban Area | R2000 | R24,000 |
Transport | R583 | R7000 |
Transport (up to 40km from the institution) | R613 | R7,350 |
Also, when you’re approved to receive the National Student Financial Aid Scheme (NSFAS) funding as a TVET College student, NSFAS covers your registration fees and tuition fees. The registration fees and tuition fees are defined by your institution per the academic semester or year.
REQUIRED SUPPORTING DOCUMENTS DURING THE APPLICATION PROCESS
However, you’ll lose your NSFAS funding if you fail to meet the academic performance requirements.
How to Apply for NSFAS Online Application
RELATED LINKS
For more information on nsfas click here
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