Nsfas News About allowances 2024-2025

Nsfas News About allowances 2024-2025

Nsfas News About allowances 2024-2025: The National Student Financial Aid Scheme(NSFAS) provides financial support to South African Students who can not afford to pay the cost of their tertiary education after completing high school. 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 on the Mynsfas account 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. The disbursement of the allowances is not simultaneous for all students. This means your friend may receive his or her allowances earlier than you. If you haven’t received your payment, keep checking as the money will eventually be credited to your nsfas wallet.

 

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.

• Accommodation allowance
• Transport allowance
• Living allowance
• Learning material allowance
• Incidental/personal care allowance

 

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 Area	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.

1. Provide your own cellphone number and email address
2. You must have a copy of your ID or birth certificate
3. National ID copies of parents, guardians, or spouse
4. The evidence of your income or 1 year’s IRP5 if necessary
5. The proof of income of your parents, guardian, or spouse.
6. If you are a SASSA grant recipient, you don’t need to provide any evidence of income.
7. All Applicants with a disability should provide and submit a completed and signed Disability Annexure A Form
8. An applicant who is known as a Vulnerable Child by the Department of Social Development should also provide a completed and signed Vulnerable Child Declaration and Consent Form.

 

How to Apply for NSFAS Allowance

1. Visit the NSFAS Application website: www.nsfas.org.za
2. Then, you click on the ‘myNSFAS’ tab
3. Create a myNSFAS account. If you don’t know how to create, click HERE
4. Click on the ‘APPLY’ tab
5. Update your personal information
6. Answer the questions you see on the screen
7. Upload all the required supporting documents
8. Finally, you click on ‘submit

 

RELATED LINKS

For more information on nsfas click here