Students funded by the National Student Financial Aid Scheme (NSFAS) who are pursuing their studies at the University of South Africa (Unisa) should be aware that there is a new process to get their allowances.
Unisa has announced that they will be using a new Electronic Funds Transfer (EFT) process to deposit refunds and/or allowances into the accounts of students who qualify for such payments.
Here is how to get your refund and/or allowance from Unisa:
- You will be sent an email to your myLife email account which contains the relevant information along with a secure link to a site which you should click on.
- Once you have opened the site you will be required to enter your banking details and click submit. You may only use your own active bank account as payments to third-party accounts will not be processed.
- Unisa will verify the bank account provided against your ID number.
- The site will then display the verification status of the details you have submitted. If this status does not reflect immediately then you should revisit the link until the information is made available.
- If the bank account verification fails or is rejected then you should re-enter your banking details and make sure that they are correct.
Students can email the Unisa Directorate of Student Funding at [email protected] with any queries.
NSFAS allowances will be processed twice a month in the first and the third week of each month and students can expect to wait 15 working days for refunds to reflect in their account.
NSFAS students at Unisa receive a learning material allowance as well as a living allowance. They receive refunds if they paid the minimum registration amount to activate their registration.
Also Read: How To Pay Your Unisa Application Fee
