How Much Is NSFAS Allowance 2024-2025?

How Much Is NSFAS Allowance 2024-2025?

The NSFAS allowance is a financial benefit provided to qualifying students to help with the various expenses of tertiary education. This grant is intended to cover necessary expenses such as housing, food, transportation, and study materials, allowing students to concentrate on their studies without undue financial stress. The exact amount of the allowance may vary from year to year, and the allowance structure is likely to be adjusted based on inflation and the cost of living during the academic year 2024-2025. The NSFAS board will establish the exact amount of the NSFAS allowance for the 2024-2025 academic year, taking into account several criteria such as inflation, the cost of living, and available financing.

READ: How Do I Apply For NSFAS 2024-2025

What Does NSFAS Allowance Cover?

NSFAS is an agency of the government within the Department of Higher Education and Training that was founded by the NSFAS Act (Act 56 of 1999) to provide financial assistance to disadvantaged students who seek to continue their studies at public universities or TVET colleges. NSFAS provides R24,000 per year to TVET students residing in towns and other urban regions, R18,900 to peri-urban TVET students, and R15,750 to rural TVET students. There is an R5,200 book allowance. R15,000 is the monthly living allowance.
The amounts mentioned for lodging, living allowance, transportation, and learning materials must be consistent with the most recent DHET rules. NSFAS funding 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 R2900 per annum for students in catered residences

TVET

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

READ: When Do NSFAS Applications Open For 2024-2025

Who Qualifies For NSFAS 2024-2025?

Applicants who apply for NSFAS must meet the following qualifications;

All South African citizens
All SASSA grant recipients qualify for funding
Applicants whose combined household income is not more than R350 000 per annum
A person with disability: Combined household income must not be more than R600 000 per annum
Students who started studying before 2018 and whose household income is not more than R122 000 per annum.

Who Should Not Apply For NSFAS 2024-2025?

The following individuals must not apply for NSFAS 2024-2025;

Students who have completed a previous qualification.
Students with a combined household income of more than R350 000 per annum.
Students who have already applied, qualified and received funding. They are automatically funded for the duration of their studies provided they pass their modules and meet the academic requirements.

READ: When Can I Apply For NSFAS For 2024-2025

NSFAS Allowance Application Procedure 2024-2025

Follow the steps below to apply for NSFAS allowance 2024-2025;

Go to 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.

A certified copy of your ID document or birth certificate
Proof of income for yourself and your parents or guardians, such as salary slips or an affidavit
A certified copy of your latest academic results or a statement of results
A letter of acceptance from the tertiary institution you will be attending
A completed and signed NSFAS bursary application form

Submit your application before the closing date.

READ: NSFAS Application Form 2024-2025

Contact NSFAS

Email: info@nsfas.org.za
Facebook: National Student Financial Aid Scheme
Twitter: @myNSFAS
Instagram: @myNSFAS
WhatsApp: +27 78 519 8006
USSD:*120*67327#

Visit the official website of NSFAS for more information.

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