When Can I Expect My Nsfas Money

When Can I Expect My Nsfas Bursary Money

You must be a citizen of South Africa who has been accepted for an undergraduate degree for the first time and be able to substantiate an annual family income of not more than R350,000 in order to submit an online NSFAS application for the class of 2024. It should be noted that fulfilment of these requirements is not a guarantee of acceptance into the NSFAS.

Applicants of Nsfas should note that it will take a while to hear from Nsfas after the successful submission of the application. After Nsfas receives your application, it goes under review which is why it is needful to upload only certified documents during the application process. Nsfas officials will go through your documents to see if truly you are eligible. After which you will receive information prior to the start of the academic year by SMS, email, and through your myNSFAS account.

It will take about four to six weeks to receive responses from Nsfas. For the academic year 2024/2025, the allowances are paid to students during the first week of each month over a period of 10 months. Amounts indicated for accommodation, living allowance, transport and learning materials need to be aligned with the approved latest DHET guidelines. If you have applied and still haven’t heard anything from Nsfas, there is a method that can be used to check the status of your application.

Read:NSFAS Online Application dates 2023

Nsfas Bursary

What Does The Nsfas Bursary Money Cover

NSFAS cover more than just the tuition fees of students. The bursary covers you with the following if you qualify:

University Students:

• 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, 000  per annum
• Book allowances R5200 per annum
• Incidental/personal care allowance of R2900 per annum for students in catered residences

Tvet College Students:

• 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

When Can I Expect My Nsfas Money

• NSFAS payouts are made each month. These are typically handed out on the third Monday of every month in the 2024 cycle, although there are other irregular occasions during the year.

Who Is Eligible To Receive Money From Nsfas In 2024/2025

The following are the persons who are eligible to receive Nsfas funds:

• All South African citizens
• All SASSA grant recipients qualify for funding
• Applicants whose combined household income is not more than R350 000 per annum
• A person with a disability: Combined household income must not be more than R600 000 per annum
• Students who started studying before 2018 and whose household income is not more than R122 000 per annum.

Read: NSFAS Allowance Payment Dates 2023

How To Track My Nsfas Application Money

if you want to track your balance, follow the process below:

• Go to www.nsfas.org.za and
• log into your “MyNSFAS” account.
• Select “Track Funding Progress” from the menu. Examine the tabs for the application’s progress.
• By selecting the ‘Submit Appeal Tab’ if your application status shows a failed notification, you may file an appeal.

NSFAS Contact Details

• Post: Private Bag X1, Plumstead 7801, South Africa
  Address: 10 Brodie Road, House Vincent 2nd Floor, Wynberg, Cape Town 7700
  Tel: 0860 067 327
  Email: info@nsfas.org.za
  Twitter: @myNSFAS

NSFAS must be reimbursed. Students take out loans to pay for their educational expenses. However, you can only use the loan until you have finished college or university, acquired a job, started your own business, or earned R30,000 or more per year in income. Visit the official Website of Nsfas For More Details.

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