NSFAS Allowance 2024

NSFAS Allowance 2024

What is NSFAS Allowance 2024? The NSFAS allowance refers to the financial assistance that will be granted by South Africa’s National Student Financial Aid Scheme (NSFAS) to qualifying students pursuing higher education in 2024.

South African students are anxiously awaiting the announcement of the National Student Financial Aid Scheme (NSFAS) allocation for the following academic year as 2024 approaches. NSFAS is essential in providing financial assistance to qualified students, guaranteeing that they can pursue their higher education ambitions.The National Student Financial Aid Scheme (NSFAS) is a government initiative that provides financial aid to worthy South African students who aspire to continue higher education. National Student Financial Aid Scheme provides a variety of financial needs for students, including tuition, textbooks, housing, and a living stipend. NSFAS increases its allowance each year to account for changes in the cost of living, ensuring that students get a fair and sufficient amount to fund their studies.

READ: How Much Does NSFAS Pay For Accommodation?

What Does The NSFAS Allowance Cover?

Amounts indicated of accommodation, living allowance, transport and learning materials need to be aligned with the approved latest DHET guidelines.

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: Will NSFAS Fund Education Students In 2024/2025?

NSFAS Allowance Important Information 2024/2025

• All allowances are paid over a period of 10 months only.
• The living allowance is R1 650 per month (for a total of 10 months) – this is a 10% increase from the 2022 academic year and is above inflation. The Minister of Higher Education, Science and Innovation, Dr Blade Nzimande, announced this increase as their has not been an increase in 3 years.
• The living allowance of R16 500 includes the personal care allowance of R3 045.

Contact NSFAS

NSFAS Virtual Contact Centre

We are available to assist through the following channels:

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

For general, student and NSFAS Wallet enquiries

• For all other queries regarding students:
• Tel No.: 08000 67327
• Email: info@nsfas.org.za

Physical Address

• The Halyard, 4 Christiaan Barnard St,
• Cape Town City Centre,
• Cape Town, 8001

The NSFAS allowance for 2024 is a lifeline for many South African students pursuing academic goals. NSFAS will continue to provide accessible and comprehensive financial assistance. Students may make the most of this wonderful opportunity by remaining educated and prepared. Visit the official website of NSFAS for more information.

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