The National Student Financial Aid Scheme (NSFAS) is a government initiative that provides financial assistance to eligible South African students. This financial aid comes in the form of bursaries and loans to cover tuition, accommodation, and living expenses.
NSFAS Allowances for University Students in 2024
If you're a university student funded by NSFAS in 2024, you can expect the following allowances:
- Learning Materials Allowance: R5,460 paid at the beginning of the year.
- Living Allowance: R16,500 per year.
- Accommodation Allowance: Varies depending on your accommodation type.
- Transport Allowance: R7,875 for students living with relatives and not in private accommodation.
Distance Learning Students
- Learning Materials Allowance: Up to R5,460, based on the number of courses registered.
- Personal Care Allowance: R3,045 per year for full-time equivalent course loads.
Will These Be NSFAS Allowances For December?
NSFAS divides its annual allowance payments into 10 installments. This means that no allowances will be paid in December 2024. Payments typically resume in February and continue until November, aligning with the academic year.
As the year draws to a close, remember that NSFAS allowance payments will pause in December. Plan your finances accordingly, and be prepared for the next academic year when payments resume.
