How Many Months Does NSFAS Pay?

How Many Months Does NSFAS Pay?

The National Student Financial Aid Scheme (NSFAS) is important in making higher education accessible to South African students who are financially disadvantaged. During their academic journey, many students rely on NSFAS to finance their tuition, housing, and living expenses. In order to fully understand this essential financial aid program, it’s important to grasp how many months NSFAS pays and the elements that determine funding length. In this article, we provide you with the NSFAS payment period. Read further.

READ: When is NSFAS Opening For 2024

How Many Months Does NSFAS Pay?

NSFAS funding often covers the whole academic life of a student, including undergraduate and postgraduate degrees. The number of months paid by NSFAS is determined by the individual course of study and level of qualification pursued. The NSFAS does not have a time range. Bursaries are provided only if the funds available to students during the year of application are sufficient to cover the amount required by the institution’s program and the duration of the course.

NSFAS scheme beneficiaries, however, are only eligible for up to five years of payments. If your course of study is up to four years long, you will be entitled to receive the bursary during the registration period and until the end of your education. At any one moment, a student may only receive funding for one qualification at one institution. If the student achieved an N6 qualification at a TVET college, he or she may be eligible for university funding. Once your N6 is completed, you will need to apply for university funding.

READ: How Much Is NSFAS Allowance 2024-2025?

What Does the NSFAS Bursary Cover?

The National Student Financial Aid Scheme (NSFAS) bursary is intended to help eligible South African students pursue higher education. An NSFAS bursary covers a wide range of fees that are important for a student’s academic career.The NSFAS bursary covers the following ;

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

Accommodation in an urban area R24,000 per annum
Accommodation in a 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

How To Apply for NSFAS 2024/2025

Follow the steps below to apply for NSFAS;

Visit the NSFAS portal at https://www.nsfas.org.za/
Select the “Create an account” tab where you will be required to fill in your ID number, first and last name, email address, contact number and your selected password
You will then be required to validate your account and the information you have provided
After creating your account, you will be able to select the “Login” tab and log in by filling in your ID number and password.
Fill in all the required information and upload your supporting documents.
Submit your application before the closing date.

READ: How Do I Apply For NSFAS 2024-2025

Contact NSFAS

We are available to assist through the following channels: