The National Student Financial Aid Scheme (NSFAS) is a government initiative designed to assist South African students with financial aid for tertiary education. This includes bursaries and loans to cover tuition, registration fees, and essential living costs.
How NSFAS Allowance Payments Work For December
NSFAS typically disburses allowances in ten installments throughout the academic year. Crucially, December is not one of these months. This means that Unisa students, along with other NSFAS beneficiaries, will not receive any allowance payments in December 2024.
What Unisa Students Receive from NSFAS
Unisa students funded by NSFAS are eligible for the following allowances:
- Learning Materials Allowance: This allowance is calculated based on the number of modules a student registers for. For the first four modules, students receive R700 per module. For five or more modules, a one-time payment of R5,460 is provided.
- Living Allowance: This allowance is disbursed to students registered for ten or more modules. It's designed to help cover essential living costs.
- Incidental Allowance: Unisa students registered for ten or more modules are also eligible for an incidental allowance.
It's essential for Unisa students to be aware of these payment schedules to effectively manage their finances throughout the year. By understanding the NSFAS payment structure, students can better plan their academic and personal expenses.
