Nsfas Funding 2023-2024

Nsfas Funding 2023-2024

Nsfas Funding 2023-2024: Are you a student who is interested in learning more about NSFAS funding? Well, then you are at the right place. This article will make you know everything about NSFAS. The National Student Financial Aid Scheme is a program run by the South African government that offers financial aid to undergraduate students to help cover the cost of their higher education after they graduate from high school. The Department of Higher Education and Training is responsible for funding it. The scheme was established in terms of the National Student Financial Aid Scheme Act 56 of 1999. We 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. The NSFAS application will be opened on 2 November and closed on 21 January 2024. To avoid application rejection kindly adhere to the instructions below and apply on time.

WHAT THE FUNDING COVER

Allowances for accommodation, transport, living allowance, and learning materials differ for Universities and TVET Colleges.

The allowances for University are as follows:

Accommodation: As per the actual costs charged by the university, costs for private accommodation must not exceed costs for university residence
Transport (up to 40 km from the institution) R7 500 per annum
Living allowance R15, of 000 per annum
Book allowances R5200 per annum
Incidental/personal care allowance of R2900 per annum for students in catered residences

The allowances for TVET colleges are as follows:

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 Needed When Applying For The Funding.

To complete your NSFAS Bursary Online Application for 2024-2025, you must have the following information:

You must have a phone number and an email address of your own.
A copy of your ID or birth certificate is required.
You should also provide copies of your parents’, guardians’, or spouse’s identification cards.
1 year’s worth of IRP5 or proof of income (if applicable,)
Proof of income from your parents, guardians, or spouse
SASSA grant beneficiaries are not required to show proof of income.
All disabled applicants must present a completed and signed Disability Annexure. A Document
All applicants who have been identified by the Department of Social Development as Vulnerable Children must also submit a completed and signed Vulnerable Child Declaration and Consent Form. Application Status for NSFAS

How to Apply for NSFAS Funding

Visit the NSFAS Application website: www.nsfas.org.za
Then, you click on the ‘myNSFAS’ tab
Create a myNSFAS account. If you don’t know how to create, click HERE
Click on the ‘APPLY’ tab
Update your personal information
Answer the questions you see on the screen
Upload all the required supporting documents
Finally, you click on ‘submit

Who should not apply?

Students that have completed a previous qualification.
Students with a combined household income of more than R350 000 per annum.
Students who have already applied, qualified and received funding. They are automatically funded for the duration of their studies provided they pass their modules and meet the academic requirements.
Foreign students (any student who is not a South African citizen).

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