nsfas allowance 2022
nsfas allowance 2022
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.
STUDENT ELIGIBILITY CRITERIA FOR THE TVET COLLEGE BURSARY SCHEME
In applying for a DHET TVET College bursary, a student must meet the following eligibility criteria:
1 Only South African citizens are eligible for this bursary scheme;
2 A student must be registered or intending to register on a PLP, NC(V) or Report 191 programme at any of the fifty (50) public TVET Colleges in South Africa;
3 Must be in need of financial assistance (NSFAS will determine whether or not a student
meets the financial eligibility criteria);
4 Returning students must demonstrate proven and accepted academic performance
(academically deserving) in line with the College’s progression policy or the progression
prescriptions of the Bursary Rules and Guidelines (whichever is higher);
5 Must not be enrolling for a qualification that duplicates previous learning that was state-funded;
6 Applicants will qualify if they fall within the maximum threshold of up to R350 000 of
the combined gross family income per annum and are admitted/received a firm offer for
enrolment in a College. In respect of students with disabilities, the maximum threshold is
up to R600 000 of combined gross family income per annum; A student will be funded for the PLP for one year only; and
8 The N+1 principle must be applied (refer to paragraphs 41.9 and 41.10)
READ ALSO NSFAS Application 2022-2023
NSFAS Allowance Amount
| 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) |
How to Apply for NSFAS Online 2022
If you would like to apply for NSFAS 2022, 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.
RELATED
Good day
i am enrolled for an advance certificate in accountancy , i am a 2018 annual and this year i was funded.
after the 2021 restructuring of Nsfas i was made aware that the fund students that are not funded , i am enrolled at Uj and i was wondering if my reapplication was considered
I am from a poor family and i have heard that once you take a free laptop you will not get full allowance for books the following year
When will the 2022/2023 applications open please???