What is NSFAS Wallet?
NSFAS-Funded students who qualify to receive allowances directly from NSFAS will receive cash funds in their NSFAS Wallets. You may be wondering what NSFAS Wallet is, continue reading to find out.
The National Student Financial Aid Scheme (NSFAS) provides students with a NSFAS wallet which allows NSFAS-funded students at certain tertiary institutions, to withdraw cash or spend it at any merchant registered by NSFAS.
To receive NSFAS Allowances through NSFAS Wallet students will need the following:
- Your own cell phone and valid SIM card
- You must sign your NSFAS Bursary Agreement if you are a new student to NSFAS
- You will not need to withdraw cash to pay your landlord or any registered merchant.
Students must ensure that they have access to their cellphone number that they provided to NSFAS when applying for funding. This is because that number will be used to deposit their funds.
If you are a first time user, the process may seem daunting at first but it is pretty simple. Here is the steps on how to get started with your NSFAS Wallet:
- You will receive an SMS welcoming you to NSFAS Wallet
- Once you receive SMS, open it and verify your account by dialing *134*176# and reply with your ID number
- You will then receive a password that you will use when transacting. Note that you need to keep this password secure at all times!
- Do not keep or save your password on your cell phone and always keep your cell phone’s screen locked with a password or pin.
You can withdraw cash at participating stores such as, Shoprite, Usave, Checkers, SPAR, Choppies or Boxer. These stores do however have a daily cash withdrawal limit of R1000 per day.
You may also pay for goods at participating stores which include, Shoprite, Usave, Checkers, SPAR, Choppies, Boxer, Van Schaiks, Nando’s, Romans Pizza, McDonalds, Burger King, Spur, Hungry Lion, Debonairs, Rocomamas and John Dorys, amongst others. There is no limit for spending at these stores and students may spend up to the maximum value of their cash wallet.
The National Student Financial Aid Scheme, better known as NSFAS, operates as a public institution that funds public university and college students who come from low-income households. If you are curious as to whether NSFAS funding covers Regent Business School fees, read further.
Did you not pass or complete your matric? Now you have the opportunity to do so. College SA now offers the Amended Senior Certificate programme. The Amended Senior Certificate is the equivalent to the National Senior Certificate (NSC) also known as matric.
Are you interested in getting your matric certificate? Regardless of your age, getting your matric as an adult doesn’t have to be a long, difficult process. Skills Academy Adult Matric Courses aim to help you achieve your study goals.
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Online learning has always been a worthy alternative for prospective students who have other career commitments but are still interested in furthering their studies. Below is a list of registered colleges through which one can study online.
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