The National Student Financial Aid Scheme (NSFAS) has confirmed how TVET college students will receive their allowance payments in 2025. This includes the allowance payments scheduled for June 2025.
NSFAS provides comprehensive bursaries and student loans to eligible students enrolled in approved courses at universities and TVET colleges. The funding covers tuition and registration fees, along with several allowances for food, accommodation, and learning materials.
How TVET College NSFAS Allowances Will Be Paid in June 2025
NSFAS will continue to pay allowances directly to TVET college students via their personal bank accounts. This payment system was introduced in 2024 after the termination of direct payment service providers.
The allowance payment channel for TVET college students remains through their bank accounts.
This system has several benefits, including fewer payment delays and missed payments. It’s also more cost-effective for NSFAS.
Steps Students Must Take to Receive NSFAS Allowances
Only students who have had their NSFAS funding confirmed and have submitted their registration data are eligible to upload their banking details on the myNSFAS portal.
Students are therefore encouraged to register for their 2025 programme as early as possible, so that institutions can send this information to NSFAS.
How to Upload Bank Details for NSFAS Allowances
Students can upload or update their banking details on the myNSFAS portal by following these steps:
- Visit the myNSFAS portal
- Log in using your myNSFAS credentials
- Click on "Bank Account Details" under "Profile Information"
- Enter your bank account details accurately
- Click "Save"
NSFAS urges students to ensure their profiles are up to date and that their banking details are submitted on time to avoid delays in receiving allowances.
The government bursary scheme also recommends that newly funded students open bank accounts as soon as possible to ensure they receive their payments on time.
Colleges should encourage new NSFAS-funded students to open bank accounts at any South African banking institution.
