The National Student Financial Aid Scheme (NSFAS) provides financial assistance to eligible students pursuing higher education in South Africa.
One of the key benefits of NSFAS funding is the monthly allowance provided to students to cover their living expenses.
How Much Is NAFAS Allowance for Per Month?
The NSFAS monthly allowance varies depending on the type of institution, the student’s living arrangements, and the province in which the institution is located.
For the 2024 academic year, the NSFAS monthly allowance ranges from R1,900 to R3,500. Here is a breakdown of the monthly allowance amounts:
Students living in catered residences are eligible for a monthly allowance of R2,500. Those living in self-catering residences receive R2,900 per month.
Students residing at home with their parents or guardians are eligible for a monthly allowance of R1,900.
Payment Dates and Frequency
NSFAS allowances are paid monthly, and the payment dates vary depending on the institution’s registration dates.
Typically, NSFAS allowances are paid from February to November, coinciding with the academic year.
The payment frequency is monthly, and students can expect to receive their allowances around the 15th of every month.
However, payment dates may vary depending on the institution’s registration dates and the NSFAS payment schedule.
Eligibility Criteria for NSFAS Allowance
To be eligible for the NSFAS monthly allowance, students must meet the following criteria:
- Be a South African citizen
- Be registered at a public university or TVET college
- Meet the NSFAS financial eligibility criteria
- Be studying towards an undergraduate qualification
- Not be receiving any other government-funded scholarship or bursary
How to Apply for NSFAS Allowance
To apply for the NSFAS monthly allowance, students must submit an application to NSFAS via the myNSFAS portal.
The application process typically opens in September of each year, and students are encouraged to apply as early as possible to avoid delays.
When applying, students will need to provide personal and financial information, as well as supporting documents such as their ID, proof of income, and academic records.
NSFAS Allowance and Part-Time Jobs
Students receiving the NSFAS monthly allowance are allowed to work part-time jobs to supplement their income. However, there are certain restrictions and guidelines that students must follow:
- Students may work part-time jobs for up to 20 hours per week
- Students must ensure that their part-time job does not interfere with their academic studies
- Students must declare their part-time income to NSFAS to avoid any potential conflicts or penalties
By following these guidelines and restrictions, students can balance their academic studies with part-time work, ensuring that they make the most of their NSFAS funding.