How Does Nsfas Work At Colleges 2023-2024

How Does Nsfas Work At Colleges 2023-2024

How Does Nsfas Work At Colleges 2023-2024: NSFAS provide financial assistance in the form of bursaries and loans to eligible students at public universities and Technical and Vocational Education and Training (TVET) Colleges in South Africa to help pay for the cost of their tertiary education after finishing high school. The application doors for Nsfas will be opened to all applicants from the 7th of November 2023 and closes on the 21st of January 2024. Applicants are therefore urged to apply within the application deadline. Therefore all college student who needs financial support from Nsfas should continue reading through this article to know more

What does the bursary cover?

TVET

Accommodation in an urban area is R24,000 per annum
Accommodation in a peri-urban area is R18,900 per annum
Accommodation in a rural area is R15,750 per annum
Transport (up to 40 km from the institution) R7,350 per annum
Transport R7000 per annum
Incidental/personal care allowance R2900 per annum

Who Qualifies For NSFAS Funding?

All South African citizens
All SASSA grant recipients qualify for funding
Applicants whose combined household income is not more than R350 000 per annum
A person with a disability: Combined household income must not be more than R600 000 per annum
Students who started studying before 2018 and whose household income is not more than R122 000 per annum.

Required Supporting Documents To Apply For NSFAS Funding.

Provide your own cellphone number and email address
You must have a copy of your ID or birth certificate
National ID copies of parents, guardians, or spouse
The evidence of your income or 1 year’s IRP5 if necessary
The proof of income of your parents, guardian, or spouse.
If you are a SASSA grant recipient, you don’t need to provide any evidence of income.
All Applicants with a disability should provide and submit a completed and signed Disability Annexure A Form
An applicant 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 Bursary Online Application