Nsfas Meaning 2023-2024
Nsfas Meaning 2023-2024
Nsfas Meaning 2023-2024: The National Student Financial Aid Scheme is a South African government student financial aid scheme that provides financial aid to undergraduate students to help pay for the cost of their tertiary education after finishing high school. It is funded by the Department of Higher Education and Training. 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.
Online Application Date For Nsfas Funding
The application doors for Nsfas will be opened for the year 2024 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.
What Does The Bursary Cover?
Amounts indicated for accommodation, living allowance, transport, and learning materials need to be aligned with the approved latest DHET guidelines.
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, 000 per annum
- Book allowances R5200 per annum
- Incidental/personal care allowance R2900 per annum for students in catered residences
- Accommodation in an urban area R24,000 per annum
- Accommodation in a peri-urban area R18,900 per annum
- Accommodation in a rural area 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
- 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 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. Nsfas 2024-2025
How to Apply for NSFAS Bursary Online Application
- 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’
For general, student and NSFAS Wallet inquiries
For all other queries regarding students:
Tel No.: 08000 67327
For more information on nsfas click here