NSFAS Now Paying TVET College Allowances


Please share this article

Advertisement


NSFAS recently implemented a new allowance payment system for TVET College students. Students who uploaded their bank details are now being paid their NSFAS allowances


Advertisement i


The National Student Financial Aid Scheme (NSFAS) has begun the process of paying allowances to Technical and Vocational Education and Training (TVET) College students. 

NSFAS provides comprehensive bursaries and student loans to deserving learners enrolled in approved courses at universities and TVET colleges. This funding not only includes money for tuition and registration fees but also includes several allowances for food, accommodation and learning materials. 

The scheme recently introduced a new allowance payment system to address ongoing payment challenges. The new system uses a direct bank deposit system.

NSFAS has devised a payment mechanism to address the ongoing allowance payment challenges through its internal banker. All TVET College Students Funded by NSFAS can receive their allowances through a bank account of their choice with any bank. 

TVET college students funded by NSFAS were encouraged to upload their bank details on the myNSFAS website to ensure they will receive their NSFAS allowances from 25 May 2024. 

Students who have not already uploaded their bank details are encouraged to do so without delay.

How To Upload Your Bank Details For NSFAS Allowances

  1. Visit the myNSFAS portal: https://www.nsfas.org.za/
  2. Log in using your myNSFAS credentials.
  3. Under "Profile Information," select "Bank Account Details."
  4. Enter your bank details from your chosen bank.
  5. Click "Save."

NSFAS will verify the submitted information directly with your bank.

It's important to note that this direct payment system replaced the NSFAS bank account facilitated by Fintech service providers. This means that students are no longer required to use their black NSFAS bank card and connect to their NSFAS bank account. 

 Do not use the previous NSFAS Direct Payment Black Card  

Suggested Article:

Malema wants NSFAS scrapped

NSFAS ensures that thousands of students can obtain a university qualification through the provision of comprehensive funding. However, the leader of South Africa's third largest political party wants the scheme to be scrapped. 






Online Shopping Links

Takealot - Temu - Amazon - Shein




Advertisement


WhatsApp Channel

Sponsored Ad

Advertisement

Advertisement

Google News

Post-Matric Options

 

After completing your matric certificate exams, you are faced with a lot 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 starting your own business. There are so many choices but we are here to help.

Advertisement


Where to Study


Advertisement m


Other Articles

You can now apply at South West TVET College to study in 2024 for Trimester 3. South West Gauteng TVET College provides a valuable opportunity to gain practical skills and qualifications that can propel your career forward. 


Advertisement


Latest SASSA articles

The SRD grant serves as a vital support mechanism for financially vulnerable people living in South Africa. The agency responsible for paying the grant has revealed how beneficiaries can access their grant payment date. 

Conducting an SRD grant status check will let you know if and when you will receive an SRD grant payment. Here's how to check your Sassa status on the SRD grant.


Advertisement


Careers Advice

In the competitive landscape of today's job market, standing out from the crowd is more crucial than ever. Whether you're applying for your first job, aiming for a promotion, or seeking a career change, your personal statement can be the key that unlocks new opportunities. 


Advertisement i