How much is nsfas allowance for 2023
How much is nsfas allowance for 2023
What is covered by the NSFAS allowance for 2023, and how much does it cost each month?
The Ministry of Higher Education and Training regulates the government-run National Student Financial Aid Scheme (NSFAS). It provides study grants to students wishing to enrol in public universities or Technical and Vocational Education and Training (TVET) institutes.
The NSFAS allowance for college students is thus how much? And will the amount be increased by NSFAS for 2023? How much money do you get from NSFAS, as more than simply tuition costs need to be taken into account when planning a budget for higher education? We have all the information you want on the NSFAS monthly allotment for 2023/2024.
2023 NSFAS allowance
Many South Africans, particularly students enrolling for the first time in TVET institutions and universities or returning to work while pursuing their first undergraduate degree, will be eligible for NSFAS payments in 2023. Scholars from households with a combined annual family income of little more than R350 000 are among the additional criteria taken into account.
Only a few number of post-graduate degrees are sadly sponsored. The South African Social Security Agency (SASSA) will automatically approve orphans and students whose families receive child assistance or disability payments for NSFAS funding.
| NSFS Allowance Category | Annual Amount | Self-Catered/Catered Res |
|---|---|---|
| Study Materials (Once Off) | R5,200 | R5,200 |
| Accommodation (Max) | R5,617 (Private) | |
| Living Allowance | R15,000 | R1,500 |
| Incidental Allowance | R2,900 | R290 |
| Travel | R7,500 | R750 (Home) |
- Accommodation:
Your accommodation is crucial. Unlike University students, the amount here had been fixed, and you already know what you will get depending on the area you stay in.
If you reside in an urban area, you will get R24 000 per year from NSFAS allowance. Those that stay in the peri-urban area will be given R18 900 per year under the allowance system. Additionally, those staying in a rural area are entitled to R15 750 per year as beneficiaries, for their accommodation allowance.
- Transport:
Beneficiaries in this category are getting R7 350 (up to 40 km from the School) via NSFAS allowance, to help their cost in moving from one place to another.
- Personal Care allowance:
This was really recently introduced to assist students in paying for toiletries, which is so thoughtful of the administrators. You will get R2 900 per year to take care of these responsibilities.
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.
How to Apply for NSFAS Online 2023
If you would like to apply for NSFAS 2023, follow the steps outlined below:
- You have to visit the NSFAS website: www.nsfas.org.za online
- Then, you have to click on the “myNSFAS” tab
- After that, you create your myNSFAS account
- After creating myNSFAS account, you then have to click on the “Apply” tab
- Answer the following questions you see on your screen
- Update all your personal information
- Upload all the required supporting documents
- Lastly, Click on “Submit” to send your application for review.
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