How Much Is Pocket Money For NSFAS?

How Much Is Pocket Money For NSFAS?

The National Student Financial Aid Scheme (NSFAS) has been a lifeline for many South African students, allowing them to pursue higher education and achieve their academic goals. While NSFAS largely covers tuition, books, and housing, it also acknowledges the need for students to have some pocket money for daily costs. Pocket money, often known as a living allowance, is a cash allocation given to NSFAS participants to help them with their everyday living expenditures while they study. This allowance is meant to assist students in covering expenditures such as transportation, food, toiletries, and other necessities for maintaining a reasonable quality of life while attending university or college.

READ: How Do I Apply For NSFAS 2024-2025

NSFAS Bursary Pocket Money

Nsfas provides a living allowance of R15,000 per annum and Incidental/personal care allowance of R2900 per annum for students in catered residences for eligible university students. However, NSFAS provides an Incidental/personal care allowance of R2900 per annum for eligible TVET students.

Who Qualifies to Apply for NSFAS 2024/2025

To apply for NSFAS, you must meet the following criteria:

All SASSA grant recipients
Must have email and cell phone number
Be a South African citizen with a valid ID number
Be a first-time entering university or TVET college student
Household income must not exceed R350,000 per annum
Must meet the academic requirements for admission to a university or TVET college
For persons living with disabilities, household income should not exceed R600 000 per annum.

Who Does Not Qualify For NSFAS 2024/2025

The following people must not apply for NSFAS funding;

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: Will NSFAS Fund Education In 2024/2025?

How To Apply For NSFAS Funding 2024/2025

Before applying for NSFAS funding. ensure that you meet the admission requirements of NSFAS. Follow the steps below to apply for NSFAS 2024/2025;

Step 1: Go to www.nsfas.org.za and click on the ‘myNSFAS’ tab.
Step 2: Create a myNSFAS account.
Step 3: Click on the ‘APPLY’ tab and complete the sections on the screen.
Step 4: Upload required supporting documents where applicable.
Step 5: Click on ‘Submit’.

READ: How Many Months Does NSFAS Pay?

Contact NSFAS

Contact NSFAS through the following details;

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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