Nsfas Unisa Allowances 2023-2024

Nsfas Unisa Allowances 2023-2024

Nsfas Unisa Allowances 2023-2024: NSFAS students receive a monthly stipend, which is periodically provided by the institution. The University of South Africa manages the allowance payments for the National Student Financial Aid Scheme (NSFAS) twice a month (Unisa). In the first and third weeks of each month, allowances will be processed. The NSFAS allowances and reimbursements will be deposited into student accounts using a new electronic funds transfer (EFT) process that Unisa will implement. Only those who meet the requirements are allowed to get these payouts. This article goes into great detail on the UNISA and its NSFAS allowance.

NSFAS UNISA Allowances

The following allowances are provided to students by NSFAS:

Allowance for personal care

Every NSFAS-funded student receives a personal allowance worth R2,900 annually.

Transport Compensation

You qualify for the transport allowance and will get R7 350 per year if you reside fewer than 40 kilometres from the college.

Allowance for lodging

Students who reside in private housing more than 40 kilometres from the college should:

R15 750 is awarded to rural students each year.

Per-urban area students are given R18,900 annually.

Urban residents who attend school are given R25 200 annually.

If pupils are

They receive an annual housing stipend of R33 000 while living in the college’s dormitories.

Who Qualifies For UNISA NSFAS Allowances

Candidates seeking admission with the intention of obtaining their first undergraduate degrees in the 2024 academic year.

returning students who skipped a year of enrollment in 2023, did not complete their undergraduate degree and did not exceed the N+ maximum.
NSFAS will accept returning and new students who did not sign up for classes during the previous academic year in 2024.
Students who desire to switch to the NSFAS DHET grant but are currently receiving aid through another NSFAS bursary.

How to Apply for NSFAS Online Application