The National Student Financial Aid Scheme (NSFAS) plays a critical role in ensuring students from poor and working-class backgrounds can further their education without having to worry about the costs.
NSFAS provides comprehensive bursaries and student loans to deserving learners enrolled in approved courses at universities and TVET colleges.
The funding not only includes money for tuition and registration fees but also includes several allowances for food, accommodation and learning materials.
Who Qualifies For A NSFAS Accommodation Allowance for 2024 and 2025?
The NSFAS accommodation allowance helps eligible students with the cost of living away from home while attending university or a TVET college. Students who require accommodation allowances are required to indicate to NSFAS that they will be residing in accommodation near their institution.
Students may either qualify for the travel allowance or the accommodation allowance.
Students living with immediate family or relatives are not eligible for the accommodation allowance but may qualify for a travel allowance instead.
Distance learning students studying less than 60 credits are not eligible for accommodation allowance, only learning materials allowance.
Many students stay far away from the institutions they are enrolled at and require accommodation near their university or Technical and Vocational Education and Training (TVET) College. NSFAS provides allowances for accommodation to students who need it.
All students applying for NSFAS must meet the specific requirements for a NSFAS bursary or a NSFAS missing middle student loan. These eligibility criteria include being a South African citizen, studying towards an approved qualification and meeting the NSFAS household income threshold of R350,000 for able-bodied students and R600,000 for students living with disabilities.
Remember, NSFAS will only fund student who maintain their academic eligibility criteria.
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