how long does it take to get nsfas allowance 2024-2025
how long does it take to get nsfas allowance 2024-2025
After your funding application is approved, you might be wondering about the time it takes to receive your NSFAS allowance. Congratulations on being selected to receive financial support from the National Student Financial Aid Scheme! Understanding the payment schedule for allowances is crucial, and that’s likely why you’re here. In this article, we will discuss the timeline for receiving NSFAS allowances.
Timeline for NSFAS Allowances:
NSFAS disburses monthly allowances to students during the first week following their approval. This disbursement process ensures that you receive your allowance funds on a monthly basis. Consequently, you will not receive your NSFAS allowances as a single lump sum for the entire year of your funding. Below, you can find the breakdown of NSFAS payments and allowances for 2024.
What NSFAS Covers:
When allocating funds for housing, living expenses, transportation, and educational materials, NSFAS adheres to the most current criteria from the Department of Higher Education and Training (DHET). Here’s what NSFAS covers:
- Accommodation allowance
- Transport allowance
- Living allowance
- Learning material allowance
- Incidental/personal care allowance
Nsfas Money Per Month
NSFAS Allowance For TVET College Students | Payable Amount (Monthly) | Payable Amount (Per Annum) |
Incidental/Personal Care Allowance | R242 | R2900 |
Accommodation in Rural Areas | R1,312 | R15,750 |
Accommodation in Peri-Urban Area | R1,575 | R18,900 |
Accommodation in Urban Area | R2000 | R24,000 |
Transport | R583 | R7000 |
Transport (up to 40km from the institution) | R613 | R7,350 |
By following this disbursement process and understanding what NSFAS covers, you can better plan your finances and make the most of the financial assistance provided by NSFAS.
Applicants can download any of the Nsfas forms below
- Applicants can download nsfas application form here PDF
- Download the Consent Form PDF
- Download Disability Annexure Form PDF
- Download the nsfas online application form here PDF
For further details, you can download the NSFAS Eligibility Criteria and Conditions for Financial Aid. If you need information about payments or receiving money, you can visit the NSFAS main website or contact them directly.
Tel No.: 08000 67327
Email: info@nsfas.org.za
RELATED LINKS
Nsfas Online Application links
For more info visit Nsfas Website