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.

UNIVERSITY

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, 000 per annum
Book allowances R5200 per annum
Incidental/personal care allowance R2900 per annum for students in catered residences

TVET

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

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 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