How Much Is NSFAS Allowance Per Year?

By |

How Much Is NSFAS Allowance Per Year?

How Much Is NSFAS Allowance Per Year?: What Is Living Allowance NSFAS

When pursuing higher education, financial support plays an important role in helping students focus on their studies without undue financial worries. In South Africa, the National Student Financial Aid Scheme (NSFAS) provides financial assistance, including monthly allowances, to eligible students. NSFAS has made a significant contribution to increasing tertiary education accessibility in South Africa. It has contributed to shaping the careers of many learners who would not have been able to attend college otherwise.

This article describes NSFAS grants and details how much a student can receive each year. What Is Living Allowance NSFAS

READ ALSO: NSFAS Grant 2024

How Much Does NSFAS Pay?

The NSFAS allowance varies depending on several factors including the cost of living and available government funding. NSFAS pays the following amounts;

UNIVERSITY

  • 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 the institution) R7 500  per annum
  • Living allowance R15, 000  per annum
  • Book allowances R5200 per annum
  • Incidental/personal care allowance of R2900 per annum for students in catered residences

TVET

  1. Accommodation in an urban area is R24,000 per annum
  2. Accommodation in a peri-urban area is R18,900 per annum
  3. Accommodation in a rural area is R15,750 per annum
  4. Transport (up to 40 km from the institution) R7,350  per annum
  5. Transport R7000 per annum
  6. Incidental/personal care allowance R2900 per annum

SEE ALSO: NSFAS For Private Colleges 2024

Factors Determining The NSFAS Allowance

Several factors affect the amount of NSFAS benefits a student can receive in a year. These factors include:

  • Means test: NSFAS assesses an applicant’s financial needs by conducting a means test. This test takes into account the income and assets of the applicant and his/her family as a whole.
  • University accommodation: Students living in dormitories or approved private accommodation may receive an additional housing allowance to cover housing costs.
  • Freight flat rate: Depending on the distance between the student’s home and the facility, NSFAS may provide travel expenses to cover travel expenses.
  • Meal allowance: Some students may receive a meal allowance to cover the cost of meals while on campus.

READ:

NSFAS Contact Information

  • Website: www.nsfas.org.za
  • Email: info@nsfas.org.za
  • South African students: 0860 067 327
  • International students: +27 21 763 3232
  • Physical Address: 10 Brodie Road, Wynberg, Cape Town, South Africa, 7700
  • Postal Address: Private Bag X1, Plumstead, Cape Town, Western Cape, South Africa, 7801.

Many South African students rely on the NSFAS allowance to survive. It not only pays for their education but also relieves their financial burden, allowing them to concentrate on their studies. Prospective and current beneficiaries must understand the specifics of the NSFAS allowance. Visit the official website for more information. Hope the provided information is helpful, kindly leave a comment below in the comment section.

RELATED LINKS

Leave a Reply

Your email address will not be published. Required fields are marked *