The National Student Financial Aid Scheme (NSFAS) has confirmed its allowance payment plans for September 2024. This includes information about how allowances will be paid to students enrolled in approved programmes at the University of South Africa (Unisa).
NSFAS provides comprehensive bursaries and student loans to deserving learners enrolled in approved courses at universities and TVET colleges. This financial aid includes tuition and registration fees as well as allowances for essential expenses.
The government bursary scheme confirmed that universities will continue to disburse allowances until the end of the year.
How Unisa NSFAS Allowances For September 2024 Will Be Paid
Initially, universities would be responsible for allowance payments until the end of July. However, a recent update from NSFAS confirmed that universities, including Unisa, will extend these payments through December.
Unisa students will be paid their September 2024 allowances by their universities.
What Unisa Students Receive from NSFAS
Unisa students funded through NSFAS are eligible for the Learning Materials Allowance and the Living Allowance.
The Learning Materials Allowance is determined by the number of modules a student is registered for. Unisa students funded by NSFAS receive R700 per module for the first four modules and a one-time payment of R5,460 for five or more modules.
If R5,200 is already paid as the Learning Materials Allowance for the first five modules, no additional allowance will be granted for any extra modules. This allowance must be used to purchase textbooks and other study materials required to complete their courses.
Living Allowances are disbursed to students who have registered for ten or more modules. Furthermore, Unisa specifies that students registered for ten or more modules qualify for an incidental allowance.
In addition to these allowances, NSFAS covers both tuition fees and registration fees.
Black NSFAS Bank Card No Longer Used
The new NSFAS allowance payment arrangements for both university and TVET college students replace the previous NSFAS Direct payment method, making the NSFAS Direct Payment Black Card obsolete. NSFAS is terminating contracts with the service providers.
