NSFAS Monthly Allowance For 2024-2025

NSFAS Monthly Allowance For 2024-2025, Nsfas allowance application form 2024-2025

Discover the details about the NSFAS monthly allowance for the 2024-2025 academic year. Learn about eligibility criteria, the application process, and how to manage your funds efficiently.

The National Student Financial Aid Scheme (NSFAS) is a major source of financial assistance for qualified students in South Africa. With the annual increase in student loan applications, the NSFAS has been updated to include a monthly allowance for students pursuing higher learning during the academic year 2024-2025.

This article will provide a brief description of the NSFAS monthly allowance and eligibility requirements for the academic year 2024-2025. It will also go over the application process and the specifics of the NSFAS allowance allocated to each item, such as the amounts disbursed, the repayment period, and any other pertinent details.

We hope that by providing an educational overview of the NSFAS monthly allowance and stipend, South African students will be able to take charge of their finances from NSFAS.>>>Nsfas allowance application form 2024-2025

NSFAS monthly allowance and eligibility requirements for the academic year 2024-2025

Eligibility for NSFAS Monthly Allowance:

Qualification criteria

You qualify for the NSFAS monthly allowances if you meet the requirements below for 2024

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 and whose household income is not more than R122 000 per annum.

You do not qualify for NSFAS monthly allowance if

You have completed a previous qualification.
Your combined household income is more than R350 000 per annum threshold
You are in a private university of Tvet college
You are pursuing short learning courses
You do not have an email and a phone number

How much is the NSFAS allowance for 2024 per month?

Below are the NSFAS 2024 allowances that will be disbursed monthly to all qualified and approved NSFAS students

Student of a 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 the institution) R625.00 per month
Living allowance of R1,250 Monthly
Book allowances R433.33 Monthly
Incidental/personal care allowance of R241.67 Monthly for students in catered residences

Student of a TVET College

TVET Accommodation in an urban area R2,000 per Month
Accommodation in a peri-urban area R1,575 per Month
Accommodation in a rural area R1,312.5 per Month
Transport (up to 40 km from the institution) R612.5 per Month
Transport R583.3 per Month
Incidental/personal care allowance R24167 per Month

NSFAS Loan Amount For 2024-2025

NSFAS announced that it will increase its student loan from R9,100 to R35,000 for the 2024-2025 academic year

How to Apply for NSFAS Monthly allowances For 2024-2025

Go through the following procedure to submit your application forms for NSFAS monthly allowances

Visit the NSFAS application portal www.nsfas.org.za online form to apply for NSFAS 2024
Select and click on the’myNSFAS’ tab.
Create a myNSFAS account. Go HERE if you don’t know how to create the account.
Choose the ‘APPLY’ tab.
Make any necessary changes to your personal information.
Complete the rest of the required fields on the screen.
Upload any supporting documents that are required as aforementioned.
Finally, you can click the “submit” button to deliver your NSFAS online applications.

Documents Required For NSFAS Monthly Allowances

You need to have these documents to apply for NSFAS Monthly allowances for the 2024-2025 academic year

A copy of student ID / Birth certificate
A Copy of the parent/s or guardian/spouse’s ID
A two-sided Smart card
Proof of income (where applicable)
Disability Annexure A form
completed Vulnerable Child Declaration form completed by a social worker
An applicant who has indicated that s/he has no family member details and or abridged birth certificate must complete the Declaration: Non-SASSA.

NSFAS contact details