The National Student Financial Aid Scheme (NSFAS) was created to assist poor and working class students with household income of under R350 000 a year with their tertiary education.
NSFAS was established in terms of the National Student Financial Aid Scheme (Act 56 of 1999). NSFAS exists to provide financial aid to eligible students at TVET colleges and public universities.
University Allowances
- Transport (up to 40 km from institution) R7 500 per annum
- Living allowance R15, 000 per annum
- Book allowances R5200 per annum
- Incidental/personal care allowance R2900 per annum for students in catered residences
TVET Allowances
- Transport (up to 40 km from institution) R7,350 per annum
- Transport R7000 per annum
- Incidental/personal care allowance R2900 per annum
Unisa Allowance
- Small expense allowance of R2900 per annum for students who are registered for ten modules or more
- Learning material allowance of R600 per module for the first four modules (or once off R5200 for five to ten modules)
For more information check out the NSFAS website here
