NSFAS Will Soon Release July Allowances

Please share this article


University students who receive funding from the National Student Financial Aid Scheme will soon receive their July 2023 NSFAS allowances. However, only students who registered for the new payment solution are set to be paid. 



The National Student Financial Aid Scheme (NSFAS) has announced that students will receive their NSFAS allowances for July 2023 via their new NSFAS bank account. This follows the financial aid scheme’s call for university students to register for the new payment solution. 

NSFAS said students who successfully registered with the financial service provider contracted to their university will receive their July 2023 allowances in their NSFAS bank account. Students can use their allowances using the new NSFAS MasterCard

This payment of allowances will be for all students that have their registration data successfully linked and have registered for an account.

The financial aid scheme is calling on students who have not registered for their NSFAS MasterCard to register urgently. It remains unclear whether these students will be able to access their allowances if they do not register for the NSFAS MasterCard. 

Students who have not onboarded, we encourage you to do so urgently for NSFAS to pay your allowances.

NSFAS provides comprehensive bursaries to eligible students enrolled in approved programmes at universities in South Africa. The NSFAS bursary will cover a student’s tuition and registration fees.  

In addition to this, NSFAS will also provide students with several allowances, including an accommodation allowance, a learning material allowance and a living allowance. 

Previously, these allowances were distributed to the university which would then distribute the money to students. The newly introduced NSFAS bank account allows the financial aid scheme to pay allowances directly to students. 

NSFAS partnered with four service providers to bring this new payment solution to students. These four partners include Tenet, Coinvest, Ezaga and Norocco. Students must register with one of these service providers based on the university they attend.


Suggested Article:

New NSFAS bank card

All university students funded by the National Student Financial Aid Scheme have been urged to complete the onboarding process for the new bank account system. Failure to do so could result in their July allowances being delayed.


WhatsApp Channel

Sponsored Ad



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.


Where to Study


Other Articles

The Central Applications Office (CAO) has now opened applications for 2025 first semester. Apply now!


Latest SASSA articles

The South African Social Security Agency(Sassa) is still in the process of paying out the R350 grant to all qualifying applicants. However, if you are curious as to which grant payment collection methods Sassa currently has in place, then the following answer may be of interest to you. 

The President has confirmed that the SRD Grant is here to stay - and is going to be improved. So its still worth submitting an appeal if you were rejected unfairly for the R350 grant. Here is how the process you should follow and details on how long you can expect to wait. 


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.