What Are The Five Essentials That Will Be Covered By NSFAS?

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What Are The Five Essentials That Will Be Covered By NSFAS?

What Are The Five Essentials That Will Be Covered By NSFAS?: How Long Does NSFAS Fund You

The National Student Financial Aid Scheme (NSFAS) holds immense importance as a pivotal program in South Africa, extending financial assistance to qualifying students who aspire to pursue higher education. By focusing on promoting equal access to quality education, NSFAS encompasses various fundamental aspects that significantly contribute to the academic endeavors of students.

In this article, we will delve into the five essential elements encompassed by NSFAS, emphasizing their importance and the advantages they bring forth.

READ ALSO: NSFAS Unisa Second Semester 2024

The Five Essentials That Will Be Covered By NSFAS

NSFAS bursary covers the following essentials for TVET Colleges and University students who meet the eligiblity requirements of NSFAS;

  • Fees for Tuition:

The major goal of NSFAS is to relieve qualified students of the financial burden of tuition payments. This comprises registration, tuition, and other associated costs at authorized public higher education institutions.

  • Accommodation:

NSFAS extends its assistance to cover accommodation expenditures. This enables students to live in places that promote academic and personal development.

  • Books and Study Materials:

NSFAS emphasizes the significance of academic resources in attaining success. The plan provides financial support to students for the purchase of required textbooks and study materials.

  • Living Allowance:

NSFAS offers a living allowance as part of its assistance package to address students’ broader requirements. This allowance is intended to cover daily living expenditures such as food, transportation, and other personal requirements.

  • Allowance for Incidental and Personal Care:

NSFAS acknowledges the necessity of addressing unanticipated events and personal care requirements in addition to academic and living expenditures. The program includes an incidental stipend to help students manage unexpected costs.

READ: How Much Is NSFAS Budget Per Year?

Breakdown Of Essentials Covered By NSFAS

The amounts mentioned for accommodation, living allowance, transportation, and learning materials must be consistent with the most recent DHET rules. NSFAS offers the following amounts to cover the essentials;

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 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-

  • Accommodation in an urban area R24,000 per annum
  • Accommodation in an peri-urban area R18,900 per annum
  • Accommodation in an rural area R15,750 per annum
  • Transport (up to 40 km from institution) R7,350  per annum
  • Transport R7000 per annum
  • Incidental/personal care allowance R2900 per annum

READ MORE: Which Courses Does NSFAS Fund 2024

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.

NSFAS’s Official website here for more information. Hope the provided information is helpful, kindly leave a comment below in the comment section.

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