The National Student Financial Aid Scheme (NSFAS) provides funding to Unisa students. This NSFAS funding includes receiving NSFAS allowances.
Unisa students who are funded by NSFAS will be instructed to wait to receive remittance advice before these NSFAS allowances can be paid.
Remittance Advice Meaning
Remittance advice is a notification from the payer that payment for an invoice has been transmitted and will be received very soon. Once a student receives their remittance advice they will receive their allowances.
You can think of it as a pay slip of sorts as it shows you the money that you will get for your NSFAS allowance.
Unisa has said that students should start receiving their NSFAS allowances 48 hours after receiving their remittance advice.
Which NSFAS Allowances Do Unisa Students Receive?
As part of the comprehensive funding provided by NSFAS, funded students received several allowances. These allowances cover transport expenses, living expenses, learning material costs and even accommodation costs.
However, students enrolled at distance learning universities like the University of South Africa (Unisa) do not qualify for all these allowances. This is because students at distance learning don’t accrue the same expenses as other students.
Unisa students only get the Learning Material Allowance and Living Allowance.
Allowances for students in distance education programmes are calculated based on the number of courses registered.
