How Much 2024 NSFAS Allowances Are For University Students


Please share this article

Advertisement


The Minister of Higher Education, Blade Nzimande, has now revealed how much NSFAS allowances will be for 2024. NSFAS allowance increases will be in effect.


Advertisement


Allowance News

As part of the bursary offered by the National Student Financial Aid Scheme (NSFAS), students receive more than just tuition fees. They also qualify for NSFAS allowances for meals, accommodation, transport and learning materials.

During his recent press briefing, the Minister of Higher Education, Blade Nzimande, announced how much 2024 NSFAS allowances will be. 

NSFAS Allowance 2024

Students either qualify for an accommodation allowance or a travel allowance, not both. This depends on whether the student is studying from home or not and the distance they are from their institution.

How Much Is NSFAS Allowance For 2024 Per Month?

NSFAS provides an annual amount that is paid over a period of ten months. The allowances received by students is often dependent on the type of accommodation they reside in. 

If the private accommodation lacks certain services, NSFAS or the institution will determine the maximum amount payable for the accommodation.

When students live 10 km away from campus, they are eligible for a transportation allowance of R7,718. This allowance will be given directly to the student if the institution hasn't arranged travel on their behalf.

If the institution arranges travel for students residing 10 km away from campus, the travel allowance will be paid to the institution.

In cases where landlords do not provide internet access, students will receive a monthly allowance of R2,000 to cover data expenses.

For landlords unable to ensure consistent water and electricity, students will receive an annual utility allowance of R5,000 directly.

Unisa NSFAS Allowance 2024

The NSFAS allowances received by distance learning students such as Unisa NSFAS students depends on the number of modules registered for with a maximum of R5 460. 

If students have a full-time course credit load, they then qualify for a personal care allowance at R3 045 per annum. This students need to have 120 course credits in one year.

Students with disabilities

  • Assistive device allowance
    • Students who are living with disabilities receive an assistive device allowance which is R50 000 once-off with students receiving NSFAS funding for repairs and maintenance to the value of R2 000 per year.

Students with disabilities do not automatically qualify for the allowance for assistive devices, or the repairs and maintenance thereof. The allowances are only granted if the student application for these allowances is approved, and all conditions and criteria are met as set out in this policy standard. 

When NSFAS Allowances Will Be Paid For 2024

Nzimande revealed that R4.2 billion in upfront payments will be paid to universities and TVET Colleges for the 2024 academic year, on 31 January. R1 billion of this will be paid to TVET Colleges and the remaining R3.2 billion will be paid to universities.

This upfront payment will cover registration as well as first payments.

For January, NSFAS allowance payments will be made monthly with the Department saying, "monthly payments will be done at the end of each month".

As for February and March, payments will be made differently. Instead of monthly, students will receive bi-weekly payments.

 

Suggested Article:

nsfas loan application being submitted

For years, missing middle students and Postgraduate students have pleaded for funding. Now, the Department of Higher Education is introducing the Comprehensive Student Funding model.








Advertisement


WhatsApp Channel

Sponsored Ad

Advertisement

Advertisement

Google News

Post-Matric Options

 

After completing your matric certificate exams, you are faced with a multitude of post-matric options that can shape your future paths.

These options range from pursuing higher education at universities or colleges, entering vocational training programs, joining the workforce, or even considering entrepreneurial ventures, each offering unique opportunities for personal and professional growth.

You've probably been contemplating the next chapter of your life all throughout the year asking yourself, 'what am I going to study after I finish completing my matric certificate exams?', 'am I going to study? What else can I do when I pass'? Well, we can help.

Advertisement


Where to Study


Advertisement


Other Articles

If you're considering studying at Waterberg TVET College, it's essential to understand the requirements for admission and enrollment. Read more to find out about the Waterberg TVET College requirements to study there.


Advertisement


Latest SASSA articles

If you're considering applying for the SASSA Foster Care grant but you're not sure whether or not you qualify? We have all the information you need to assess whether or not you are eligible for the Foster Care grant. 

Sassa's Social Relief of Distress grant is a temporary measure millions of South Africans depend on. An important part of being an SRD grant beneficiary is knowing all there is to know about the Sassa status check appeal process.


Advertisement


Careers Advice

A career as a flight attendant can provide many opportunities, such as allowing you to travel, see the world and meet tons of people from different walks of life. Here is everything you need to know if you're considering this as a career option.


Advertisement