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Cash Payments To NSFAS Students Will Continue

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Minister Blade Nzimande has announced how much will be paid out in allowances to NSFAS funded students this year - and also answered the question on whether applications for NSFAS funding would be opened again. 

This year over 375 000 students in universities benefited from the NSFAS scheme and of those over 217 000 are on the new fully subsidised funding and won't have to pay back their bursaries.

NSFAS-funded students now know how much they will be receiving for their living allowances, learning material allowances and also 'incidental allowance'.

All NSFAS students receive the benefit of full payment of their academic fees. This amoung is paid to their university or TVET College.

For this year NSFAS will continue the practice of paying the 'book allowance', or learning materials allowance as it is more accurately known, in cash to students.  This will be an amount of  R5 200 per student for the year. This amount is paid in cash to students to allow for student choice in determining their needs;

Students in university owned and managed catering residences receive support for the full residence cost including catering (this amount is paid directly to the institution), as well as the incidental allowance; In 2020 the incidental allowance will be R290 per month for the ten months of the academic year.

For other students, the incidental allowance is incorporated into the living allowance; Students in university owned and managed self-catering residences receive support for the full residence cost (paid directly to the institution) and receive the living allowance, which is R1500 per month for the ten months of the academic year;

Students living in accredited off-campus accommodation, that is, the accommodation that has been formally accredited by the institution, receive the cost of accommodation plus the living allowance. It is assumed that transport is included in the cost of accommodation, as is the practice in most institutions. A lease agreement is a necessary pre-condition for receiving this funding;   

Students living in non-accredited accommodation, which could include a family home, the home of a relative or any other form of accommodation that is not formally accredited, receive the living allowance (R1500) and a transport allowance (R750 per month in 2020). These students can make their own decisions about how to best utilise the allowances.

Distance university students qualify for tuition fees and the learning materials allowance only. However, distance students studying an equivalent full-time course load of a contact student also qualify for the incidental allowance. This requires a student to be registered for a minimum of ten courses in one academic year.

VIEW FUNDING ALLOWANCES FOR TVET COLLEGE STUDENTS

ALSO READ: NSFAS Is Open For Applications Says Minister

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