Who Pays Out NSFAS Allowances To University Students?

Advertisement
 

The National Student Financial Aid Scheme shoulders the responsibility of ensuring that all financially vulnerable tertiary students across the country's 50 universities are funded in their tertiary studies. But how is this process carried out? Here is who pays out NSFAS allowances to university students?


Advertisement


The National Student Financial Aid Scheme (NSFAS) allocates the funds to universities on an annual basis. Universities then disburse the allowances to all eligible students whose student funding applications have been approved.

Some universities rely on payment administrators, intellimali to process payments allocate allowances to eligible students, while others opt to allocate the funds to student bank accounts

Related: Unisa To Disburse NSFAS Allowances Differently

NSFAS has also stated that students may consult their institution for clarity as they will determine which allowances they may be eligible for with their funding. For universities, the bursary scheme covers the items listed:

  • Accommodation
  • As per the actual costs charged by the university (costs for private accommodation must not exceed costs for university residence)
  • 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.

In order to qualify for NSFAS funding, students must meet the following requirements:

  • Be a South African citizen
  • If you're a Sassa grant recipient, you will qualify for funding
  • If you are an applicant whose combined household income is not more than R350 000 per annum

Advertisement

 


Advertisement


Other Articles

Helping you tick every requirement off your ‘where-to-study’ checklist is Boston City Campus! An accredited Higher Education Institution, Boston offers Postgrad, Degrees, Diplomas and Higher Certificates -full-time, part-time and online. At the centre of our institutional goals lies our commitment to the learning and development of our students -these form a culture of excellence, resilience, and entrepreneurship.

If you're looking for a medical profession that's easy to get into, becoming a general practice doctor is probably the easiest route to take.

Advertisement


Latest SASSA Articles

The Sassa Social Relief of Distress grant is being paid to all qualifying beneficiaries. If you are among those that have been meaning to apply for an appeal to your reject application status, Here is the procedure on how to lodge an appeal for your declined R350 grant application.

Does your R350 SRD grant application status say 'Self Exclusionary Response Found'? Here's what this means and what you can do about it. 


Advertisement


Careers Advice

Cyber security professionals do not have an easy job, which is one of the reasons why they are highly sought after by companies in all industries. As the importance of data security increases, companies find it increasingly difficult to protect their data. 

When you hear about your friend’s fabulous job in tech, the perks and the pay, it all sounds pretty awesome. While it might feel like grass is always greener on the other side, making a career switch isn’t always what it’s cracked up to be.

Advertisement