About Nsfas Funding 2024-2025
About Nsfas Funding 2024-2025
Concerning NSFAS Funding for 2024-2025: Are you interested in applying for an NSFAS bursary but uncertain about where to begin? Worry not, as we have you covered. Here’s a comprehensive guide on how to navigate the NSFAS funding application process.
The National Student Financial Aid Scheme is a government program in South Africa that provides financial support to undergraduate students to help cover the costs of their higher education following high school graduation. This funding is administered by the Department of Higher Education and Training and is established under the National Student Financial Aid Scheme Act 56 of 1999. The scheme offers financial assistance in the form of bursaries and loans to eligible students at public universities and Technical and Vocational Education and Training (TVET) Colleges in South Africa.
The disbursement of NSFAS allowances typically follows a systematic process. Each year, once funding has been approved for students, NSFAS initiates the allocation of allowances to successful applicants’ MyNSFAS accounts within the first week of every month.
WHAT THE BURSARY COVER
Allowances for accommodation, transport, living allowance, and learning materials differ for Universities and TVET Colleges.
The allowances for University are as follows:
- Regarding Accommodation: Private accommodation costs should not surpass the actual costs charged by the university for residing in university residences.
- Transport (up to 40 km from the institution) R7 500 per annum
- Living allowance R15, of 000 per annum
- Book allowances R5200 per annum
- Incidental/personal care allowance R2900 per annum for students in catered residences
The allowances for TVET colleges are as follows:
- Accommodation in an urban area R24,000 per annum
- Accommodation in a peri-urban area R18,900 per annum
- Accommodation in a rural area R15,750 per annum
- Transport (up to 40 km from the institution) R7,350 per annum
- Transport R7000 per annum
- Incidental/personal care allowance R2900 per annum
Who qualifies for the NSFAS Funding?
- All South African citizens
- All SASSA grant recipients qualify for funding
- Applicants whose combined household income is not more than R350 000 per annum
- A person with a disability: Combined household income must not be more than R600 000 per annum
- Students who started studying before 2018 whose household income is not more than R122 000 per annum.
Required Supporting Documents To Create NSFAS Account.
To successfully submit your NSFAS Bursary Online Application for the 2024-2025 period, you will need the following information:
- You must possess your own phone number and email address.
- A copy of your ID or birth certificate is a mandatory requirement.
- Additionally, you should furnish copies of the identification cards of your parents, guardians, or spouse.
- If applicable, you need to provide one year’s worth of IRP5 or proof of income.
- Proof of income from your parents, guardians, or spouse is also necessary.
- SASSA grant beneficiaries are exempt from demonstrating proof of income.
- All applicants with disabilities must submit a completed and signed Disability Annexure A document.
- Individuals identified as Vulnerable Children by the Department of Social Development must also present a completed and signed Vulnerable Child Declaration and Consent Form.
- These requirements are relevant to your NSFAS application status.
How to Apply for NSFAS Online Application
- Visit the NSFAS Application website: www.nsfas.org.za
- Then, you click on the ‘myNSFAS’ tab
- Create a myNSFAS account. If you don’t know how to create, click HERE
- Click on the ‘APPLY’ tab
- Update your personal information
- Answer the questions you see on the screen
- Upload all the required supporting documents
- Finally, you click on ‘submit
Who should not apply?
- Students who have successfully completed a prior qualification.
- Students with a combined annual household income exceeding R350,000.
- Students who have previously applied, qualified, and received funding. They are automatically funded throughout their studies as long as they pass their modules and fulfill academic criteria.
- Foreign students (referring to any student who is not a South African citizen).
RELATED LINKS
For more information on nsfas click here