Nsfas Updates 2023-2024
Nsfas Updates 2023-2024
Nsfas Updates 2023-2024: The National Student Financial Aid Scheme is a program run by the South African government that offers financial aid to South African 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 cycle will run for four months starting on August 3 and ending on November 30 this year. Applications submitted after the deadline won’t be considered.
Nsfas allowance is Usually a process. Every year after the funding has been approved for students, Nsfas begins to credit the allowance to the successful applicant’s wallet on the Mynsfas account within the first week of every month.
WHAT THE BURSARY 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 During The Application Process
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 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
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).
For more information on nsfas click here