Nsfas Benefits 2023/2024
Nsfas Benefits 2023/2024
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Every year, the majority of intelligent but underprivileged students who apply to universities fail because of financial restrictions. Since their means of support are either nonexistent or insufficient to fund their living expenditures, including tuition, books, and other costs associated with attending college or university, some people lack the drive to pursue their education beyond high school. To assist these students in achieving their academic potential, the South African government funds the National Student Financial Aid Scheme. By paying for their tertiary expenses, they hope to assist all undergraduate applicants who wish to continue their education in tertiary institutions.
Nsfas Online Application Dates for 2023 Applicants: The online application portal for National Student Financial Aid Scheme is enabled from September 28, 2022, and closes on January 27, 2023. Applicants are expected to meet this deadline by submitting all the necessary documentation for review. Any application after this date may not be eligible for financial support for the 2023 academic year.
Nsfas Benefits and Coverage
The benefits are tabulated below
UNIVERSITY
| Items | Cost/Benefits |
| 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 the 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 |
TVETs COLLEGES
| Items | Cost/Benefits |
| 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 |
For more information, Click Here to visit the official website
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