NSFAS News About Allowances 2023
Is NSFAS increasing the allowance for 2023 per month, NSFAS News About Allowances 2023
If you are an NSFAS-funded student who has been waiting to hear about your allowance, it will please you to know that the National Student Financial Scheme (NSFAS) will pay you what is owed to you shortly. Regarding the processing of cash for the current month, they made the following declaration. However, based on information posted on the bursary program’s social media platform, it appears that some eligible students have not yet received their stipend. In response to a question from a student regarding the delay, the bursary program said that allowances for March 2024 are now being addressed.
Dates of NSFAS Allowance Payment 2023
According to the NSFAS, the release date for 2023 NSFAS allowances will be March 7, 2023.
NSFAS Allowances 2023
NSFAS bursaries at colleges and universities pay for these things.
- amounts suggested for lodging,
- living stipend,
- conveyance and
- Learning materials must be in compliance with the most recent DHET rules that have been authorized.
UNIVERSITY
- Accommodation
- As per the actual costs charged by the university (costs for private accommodation must not exceed costs for university residence)
- Transport (up to 40 km from the institution) R7 500 per annum
- Living allowance R15, of 000 per annum
- Book allowances R5200 per annum
- Incidental/personal care allowance of R2900 per annum for students in catered residences
TVET
- Accommodation in an urban area is R24,000 per annum
- Accommodation in a peri-urban area is 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 Benefits For Applicants 2023/2024
Who Can Receive an NSFAS Allowance
- To be eligible for bursaries, applicants must adhere to the following four standards;
- every single South African
- All recipients of SASSA awards are qualified for financing.
- candidates whose combined household income is under R350 000 annually
a handicapped individual: The annual income of the household cannot exceed R600,000. - students whose home income is not more than R122 000 per year and who began their studies before 2024.
NSFAS Allowance Distribution Method
It is highly recommended that all students who submit an application for the 2023 NSFAS Allowance remember the following details.
- Beginning the week of March 7, 2023, all students who have already been approved for NSFAS funding and who are enrolled in pertinent courses will begin receiving their stipends.
- An annual payment of R15,000 will be distributed over 10 months. It will be given out on the first of every month in an amount of R1500.
- Students will receive an SMS asking them to update their banking information on the FUNDI system after the data has been entered into the system.
- The amount of the living allowance will be deposited into each student’s individual bank account.
- For returning students who were confirmed for 2022 and funded for 2023, the course materials will be distributed automatically.
- New students and returning students who are not supported in 2023 must complete an option form before being granted a learning material allowance. We have taken the following actions in accordance with the policy that states, “A student who is receiving financial assistance from NSFAS for the first time is required to purchase a digital learning device in that year of study if the student is not in possession of a digital learning device already.”
- This group will have access to the form at Financial Aid Offices (FAO) on all campuses to complete it. To the campus where the student registered, the form can be sent through email.
How Do You Know If NSFAS Money Is Reflecting
- On your cellphone:
- Dial short code *134*176#
- Enter your password.
- Click Send.
- Select option 2. Query.
- View cash balance and transactions.
Related Links;
nsfas student account
nsfas consent form
nsfas email address
nsfas wallet
for more information on Nsfas click