Nsfas Allowance 2023
Nsfas Allowance 2023
The South African government through the Department of Higher Education and training offers support to students in need with a bursary called NSFAS. It is a scheme that subsidizes the financial cost and supports undergraduate students during their tertiary education. Simply, it helps finance an undergraduate education for south African Citizens.
READ ALSO: NSFAS Application 2023-2024
Most Students question how much their allowances will be. Kindly check the table we have provided below.
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) |
The following allowances were listed as being covered by the bursary:
University:
Accommodation: Apart from paying tuition, every student needs a comfortable place to dwell while pursuing their education. The allowance system has this addressed, although there isn’t a set amount because of obvious reasons. However, you should be aware that it is exactly the amount the university charges, neither more nor less. Additionally, if it’s a private institution, the price cannot be higher than the price of on-campus housing.
Travel: It’s important to move about since no student will stay somewhere for very long. The allowance mechanism then takes care of this. Students will get R7,500 per year to help with these costs.
Allowance for living expenses:
To exist on Earth, one must spend money. It will also cost money to obtain necessities such as food. As a result, this was correctly accounted for in the allowance system. Beneficiaries will get R15 000 every year
Study Materials: Students must read books since studying is one of their main responsibilities. As a result, under the allowance system, recipients would receive R5200 annually, although it only applies to universities.
Incidental Allowance: This funding, which has been well cared for in the allowance System, is also significant. Beneficiaries will get a personal care allowance of R2900 annually.
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