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How much does NSFAS give students per month in 2023?

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How much does NSFAS give students per month in 2023?

NSFAS provides their students with monthly allowances to help cover the costs of attending a university or college. As well as tuition fees, students must pay for books, stationery, food and toiletries while attending a university or TVET college. In order to assist its students, NSFAS has introduced an allowance system that covers most of these extra expenses. A student allowance is available to students who qualify for a government bursary.

How much does NSFAS give students per month in 2023

A monthly student allowance is provided to NSFAS beneficiaries once academic activities resume. Cash allowances are paid directly to students via NSFAS Wallet or through the institution.

Annual increases in allowances are determined by the Consumer Price Index (CPI). Funding for students is determined by their specific university needs and expenses. Check your NSFAS Application Status

The NSFAS website lists the following allowances as part of the bursary

UNIVERSITY

  • Accommodation: amount is the actual cost charged by the university. If private, the cost must not exceed costs for university residence.
  • Transport: R7 875 per year (up to 40 km from the institution)
  • Living allowance: R15 750 per year
  • Book allowance: R5 460 per year (only applies at universities)
  • Personal Care allowance: R3 045 per year

TVET 

  • Accommodation:
    • TVET college own catered residence – R54 045 per year
    • TVET college managed own and leased self-catered accommodation – maximum of R45 000 per year and R6 000 per year living allowance paid to the TVET college
    • private accommodation – R45 000 per year
  • Transport: R7 718 (up to 10 km from the institution)
  • Personal Care allowance: R3 045 per year
  • Living allowance: R6 000 per year
See also  Intellimali Apologizes for R14.1m Student Payment Blunder

Recently, the personal care allowance was introduced to help students pay for toiletries.

 

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