The National Student Financial Aid Scheme (NSFAS) provides crucial financial support to many South African students through bursaries and loans, including monthly allowances. These allowances assist students with living expenses while pursuing their studies.
Traditionally, NSFAS allowances are disbursed in 10 monthly installments throughout the academic year, which typically spans from February to November.
How NSFAS Allowances Will Be Paid For March 2025
Universities
NSFAS confirmed the following:
Allowances of students will be paid based on an approved NSFAS payment channel.
While NSFAS aimed to transition university students to direct bank account payments, this plan is currently delayed due to legal proceedings. Therefore, universities will continue to manage the disbursement of allowances to their students in 2025.
The specific NSFAS allowance payment methods and timelines may vary between universities. It's crucial to inquire with your respective university regarding their allowance disbursement policies and procedures.
"Students are advised to consult their institution to determine when and how they will receive their allowances," said NSFAS.
TVET Colleges
In 2025, TVET College students will continue receiving their allowances directly into their personal bank accounts. It's essential to update your banking details on the myNSFAS portal to ensure timely payments.
"The allowances payment channel for TVET College students remains their own bank accounts. Colleges should encourage new NSFAS qualifying students to open a bank account at any of the South African banking institutions."
How to Update Banking Details for TVET Students
- Visit the myNSFAS Portal: Access the myNSFAS portal using your credentials.
- Locate Bank Account Details: Navigate to "Profile Information" and select "Bank Account Details."
- Enter Your Details: Accurately enter your bank account information.
- Save Changes: Click "Save" to confirm your updates.
Regularly check the official NSFAS channels for the latest updates and announcements. Maintaining accurate information on the myNSFAS portal is crucial to prevent any delays in receiving your allowances.
