Student Union Welcomes New Nsfas Allowance Increase

Please share this article


The National Student Financial Aid Scheme is aiming to pay increased allowances to students in an efficient manner. A student union has welcomed the way the financial aid scheme wants to achieve this.



Earlier this year Minister of Higher Education and Training Blade Nzimande announced an increase to the allowances received by students who are funded by the National Student Financial Aid Scheme (Nsfas). 

Nsfas provides several allowances to students that aim to cover the costs related to their studies. These allowances include accommodation allowances, transport allowances, meal allowances and learning material allowances.

Minister Nzimande announced an across the board increase of 7% for all Nsfas allowances. Of these allowances, the living/food allowance will increase by 10%. 

The South African Union of Students (SAUS) have welcomed the increases to Nsfas allowances for the 2023 academic year. They added that their contribution ensures that students will receive a greater increment to the food allowance.

The Department of Higher Education and Training (DHET) initially approved a 5% increase in food allowances received by Nsfas beneficiaries. However, the union says after rigorous deliberations, the government and Nsfas were forced to increase their initially approved increment

They explained, “Initially the department with Nsfas had proposed and approved a 5% increase in the food allowances, but after rigorous and militant deliberations, we are more than delighted to announce that we have been able to force the government and Nsfas to increase food allowance by 10%, which effectively is R150 a month.”

While the union is satisfied with the increase, they acknowledge that it isn't enough in the current economic climate. In addition, Nsfas allowances last increased in 2018 meaning that several years have passed since students received an increase in allowances payments.

Obviously, although a significant win for the struggles we’ve waged, this 10% increase isn’t enough on the backdrop of the fact that allowances were last increased in 2018.

SAUS also welcomes Nsfas’ decision to pay allowances directly to students. The financial aid scheme announced a direct payment solution in 2022 which they hope will have given students more control over their money.

The union said, “We have also for almost a decade called for a more efficient, secure and cheaper disbursements of student allowances, and we believed this would be achieved by the direct payments of allowances to Nsfas beneficiaries, so we welcome this decision by Nsfas as a positive step towards this ideal.

Allowances were previously paid to students via third-party service providers. However, this resulted in issues such as unauthorised access to beneficiary allowance, incorrect payments and possible duplicate payments.

The new direct payment solution will see students issued with a Nsfas bank card. The Nsfas bank card will give students the flexibility of a regular bank card and ensures they get value for money. 

For all the latest NSFAS news and information visit the Careers Portal NSFAS section.


Suggested Article:

Minister of Higher Education, Blade Nzimande.

Nsfas is gearing up for the 2023 academic year and has plans for the distribution of its allowances to qualifying students. Here is all you need to know. 


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

In a country with a staggering unemployment rate, it's important that awareness is brought to industries where employees are needed. Citizens can use this list to see which careers they could follow and potentially boost their employment prospects. 


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

Police officers are often looked up to as the heroes of communities and many people aspire to be in this position. If you're one of those who dream of working for the police, here's where you can study to join SAPS.