How Will NSFAS Allowance Payments Work For The Loan Scheme?

Please share this article


The NSFAS Missing Middle Loan aims to help those who are not able to access NSFAS bursaries. Students funded by the NSFAS loan will also receive allowances.

Advertisement i

The National Student Financial Aid Scheme (NSFAS) provides both bursaries and loans to those individuals wishing to pursue their tertiary education at public universities or TVET Colleges. NSFAS funding goes beyond just paying for tuition as allowances for various students needs are disbursed as well.

Students funded through the NSFAS Loan Scheme will also receive NSFAS allowances.

NSFAS Allowances Provided To Students

The following NSFAS allowances form part of funding:

  • Accommodation
  • Transport
  • Learning Materials
  • Meals
  • Personal Care

How NSFAS Allowances Will Work For NSFAS Loans

Strategic Enablement Executive at NSFAS, Vuyokazi Mafilika, said:

The allowances provided in the Loan Scheme will align with those offered in the bursary scheme and will not differ.

NSFAS has said that they will continue to use the same channels for disbursing allowances to students as that used for bursary students.

NSFAS Loan Requirements

  • Annual household income between R350,001 and R600,000
  • Accepted to study at either TVET College or public university
  • Can apply in years 1, 2, 3 or 4
  • Must achieve average of 60% in their course work to continue funding

70% of those funded by the NSFAS loan must be following STEM subjects, which may include commercial and entrepreneurial courses, with 30% for those studying Humanities courses.

If students achieve more than 70%, and finish within prescribed time of course, they can have 50% of the loan written off.

Suggested Article:

NSFAS paying student loans

NSFAS assists thousands of students pay for their studies every year. The financial aid scheme is set to fund postgraduate students though the provision of student loans. 

Online Shopping Links

Takealot - Temu - Amazon - Shein


WhatsApp Channel

Sponsored Ad



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.


Where to Study

Advertisement m

Other Articles

According to the recently released Global Skills Report of 2024 by Coursera, there is “a pressing need to develop a skilled domestic workforce” in South Africa. In the report, South Africa ranked 100 out of the 109 countries that were assessed in terms of skills availability; meaning that we lack most skills required for jobs of the future.


Latest SASSA articles

Sassa revealed that individuals can submit Sassa grant applications online. Here's everything you need to know about Sassa online grant applications. 

Millions of people living in South Africa are unemployed. These people can apply for the R370 grant in June 2024. 


Careers Advice

Everyone is spending so much time online these days - which has lead to Digital Marketing growing into a big business. Working in Digital Marketing promises a long and profitable career but what exactly does a Digital Marketer do? And how do you get into Digital Marketing?

Advertisement i