Nsfas Allowance
NSFAS Allowance
NSFAS was established according to the National Student Financial Aid Scheme Act (Act 56 of 1999) and incorporated TEFSA (Tertiary Education Fund of South Africa). From 1993 to 2000, TEFSA was the primary non-profit company in terms of Section 21 of the Companies Act and ceased to operate in July 2000. All existing loans on the TEFSA books were transferred to NSFAS.
The NSFAS Act enables any student to apply for a bursary from NSFAS but allows the board to impose conditions, generally, or in respect of a particular loan or bursary. Such conditions include the use of the means test and the loan conversion of up to 40 per cent of any loan as an incentive for academic success.
READ ALSO NSFAS Application
Most students are curious as to how much NSFAS funds they can access. The information below explains that.
NSFAS Allowance Amount
| NSFS ALLOWANCE CATEGORY | ANNUAL AMOUNT | SELF-CATERED/CATERED RES |
|---|---|---|
| Study Materials (Once Off) | R5,200 | R5,200 |
| Accommodation (Max) | R5,617 (Private) | |
| Living Allowance | R15,000 | R1,500 |
| Incidental Allowance | R2,900 | R290 |
| Travel | R7,500 | R750 (Home) |
Nsfas wallet account
how to unblock your nsfas wallet
How To Withdraw Funds From NSFAS Wallet
How to Apply for NSFAS Online
If you would like to apply for NSFAS , follow the steps outlined below:
- You have to visit the NSFAS website: www.nsfas.org.za online
- Then, you have to click on the “myNSFAS” tab
- After that, you create your myNSFAS account
- After creating myNSFAS account, you then have to click on the “Apply” tab
- Answer the following questions you see on your screen
- Update all your personal information
- Upload all the required supporting documents
- Lastly, Click on “Submit” to send your application for review
Recommended:
Documents Needed to Verify Your NSFAS Funding Application
National Student Financial Aid Scheme NSFAS Details
NSFAS Application Requirements
NSFAS application closing date
REQUIRED SUPPORTING DOCUMENTS DURING THE APPLICATION PROCESS
Government Vacancies in South Africa
Amazon Vacancies In South Africa
Teaching Vacancies In South Africa
Social Work Vacancies In South Africa
Nsfas Application for Closing Date
How to Apply for NSFAS Application