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Is NSFAS Increasing Student Allowances?

Is NSFAS Increasing Student Allowances? | Bursaries from the National Student Financial Aid Scheme aim to ensure that every aspect of a student’s time at an intuition of higher learning is paid for. But are the allowances received by students enough to get them through every month?

The National Student Financial Aid Scheme (Nsfas) has announced its intention to investigate whether allowances received by funded students should be increased.

Apart from paid tuition and accommodation costs, a Nsfas bursary also provides several allowances to students, by providing them with a meal allowance, transportation allowance and a stationery allowance.

These allowances aim to ensure that students can focus on their studies completely and not have to worry about living and travelling expenses while at university.

Nsfas recently revealed that they are currently engaging student leaders as they consider increasing Nsfas allowances.

“At the moment we are consulting with the stakeholders, the SRCs and all the other stakeholders to see what can be implemented for next year going forward,” revealed the scheme.

The financial aid scheme will also engage with various other stakeholders to determine if there is a need to increase Nsfas allowances for funded students.

Depending on the outcome of these consultations, the financial aid scheme will put together the 2023 funding policy which will be discussed at a later stage.

Applications for Nsfas bursaries are now open for the 2023 academic year. Students attending public universities and Technical and Vocational Educational and Training (TVET) colleges are encouraged to apply for funding.

Here Are The Qualifying Criteria For Nsfas

• Be a South African citizen.
• Registered or intending to register at any public university or TVET College for the 2023 academic year.
• Have a combined household income of less than R350 000 per annum.
• Have a combined household income of less than R600 000 per annum for students living with disabilities.
• Have a valid email address.
• Have your own valid cell phone number
• *SASSA grant recipients automatically qualify based on their financial eligibility.

The Nsfas application period for funding for the 2023 academic year will close on 31 January 2023. Students are advised to submit bursary applications before this important deadline.

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