With How much does NSFAS pay monthly? The NSFAS pays Personal care costs – R2,900 per month paid annually. Transport allowance – R7,350 per month paid annually. Private residents – R25,200 paid monthly on an annual basis for accredited properties. Hostel accommodation – R33 000 per year.
What does the bursary 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
Who qualifies for NSFAS funding?
- All South African citizens
- All SASSA grant recipients qualifies for funding
- Applicants whose combined household income is not more than R350 000 per annum
- Person with 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.
Who should not apply?
- Students who have completed a previous qualification.
- Students with a combined household income of more than R350 000 per annum.
- Students who have already applied, qualified and received funding. They are automatically funded for the duration of their studies provided they pass their modules and meet the academic requirements.