The National Student Financial Aid Scheme (NSFAS) continues to support thousands of students across South Africa by providing essential financial assistance. This article outlines the specific allowance payments that NSFAS will be making to students in November 2024.
NSFAS's Comprehensive Support
NSFAS provides comprehensive bursaries and student loans to deserving learners enrolled in approved courses at universities and TVET colleges. These bursaries cover tuition and registration fees, as well as several allowances for food, accommodation, and learning materials.
How Much Are NSFAS Allowances?
For university students, the annual living allowance is R16,500. This includes R3,045 for personal care and R13,455 for meals. Additionally, they receive a learning material allowance of up to R5,460.
For TVET college students, the annual living allowance is R10,000. The learning material allowance varies based on the courses they are enrolled in.
Transportation Allowance
Students who live more than 10 km from campus are eligible for an annual transportation allowance of R7,718, translating to a monthly travel allowance of R771. If the institution has not arranged transportation, this allowance will be paid directly to the student.
It's crucial to maintain your academic eligibility to continue receiving NSFAS funding. Ensure you meet all the necessary requirements to keep benefiting from the scheme.
NSFAS provides additional support to students with disabilities, including higher living allowances and specialised learning materials. However, specific eligibility criteria apply.
Maintaining Eligibility
To continue receiving NSFAS funding, students must maintain their academic eligibility. This means meeting all necessary academic requirements and adhering to the scheme's guidelines.
