How often nsfas pay for accommodation
How often nsfas pay for accommodation
NSFAS was established according to the National Student Financial Aid Scheme Act (Act 56 of 1999) and incorporated TEFSA (Tertiary Education Fund of South Africa). From 1993 to 2000, TEFSA was the primary non-profit company in terms of Section 21 of the Companies Act and ceased to operate in July 2000. All existing loans on the TEFSA books were transferred to NSFAS.
The NSFAS Act enables any student to apply for a bursary from NSFAS but allows the board to impose conditions, generally, or in respect of a particular loan or bursary. Such conditions include the use of the means test and the loan conversion of up to 40 per cent of any loan as an incentive for academic success.
Nsfas Application date
All NSFAS online applications 2023 will be open from 1 September to 30 January 2023.
login to nsfas account
MyNsfas is the portal for Nsfas applicants to log in and access and manages important info regarding the National Student Financial Aid Scheme.
Students or NSFAS applicants are strongly encouraged to create their MyNSFAS accounts. The process is as follows:
- Go to www.nsfas.org.za and click on “myNsfas account“.
- Enter your username and password.
- Click on the “My personal details” tab.
- Update your cellphone number and/or email address to your current one.
- Click “Update your details” to proceed.
- A Time Pin (OTP) will be sent to the new number and email address that you have provided.
- Enter the OTP and click submit.
- Your details will immediately be updated.
What the bursary covers
- Accommodation in an urban area is R24,000 per annum
- Accommodation in a peri-urban area 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
- NSFAS exists to provide financial aid to eligible students at TVET colleges and public universities;
- NSFAS identifies eligible students, provides bursaries and collects past student loan repayments to replenish the funds available for future generations of students
- NSFAS supports access to, and success in, higher education and training for students from poor and working-class families who would otherwise not be able to afford to study.
How often nsfas pay for accommodation
| 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) |
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