Does NSFAS give pocket money?

NSFAS grants financial assistance to cover the costs associated with tertiary education and ensure access to a brighter future.

One common question students have is whether NSFAS provides pocket money.

This article will explain the types of allowances offered by NSFAS and how they can be used to manage your student expenses effectively.

What is NSFAS and How Does it Work?

NSFAS is a government-funded bursary scheme administered by the Department of Higher Education and Training (DHET).

It targets South African citizens with a demonstrated financial need who wish to pursue studies at public universities or TVET colleges.

The application process opens in August each year, and successful applicants receive financial aid for the duration of their approved qualification.

Does NSFAS Provide Pocket Money?

While NSFAS doesn’t offer a designated pocket money allowance, it provides several financial allocations designed to cover various essential student expenses.

These allowances are disbursed monthly and can be used to manage your living costs throughout the academic year.

Types of NSFAS allowances

These are the specific types of allowances offered:

  1. Accommodation Allowance: This allowance helps with the cost of on-campus residence fees or approved private accommodation. The amount varies depending on your institution, type of accommodation, and living area (urban, peri-urban, or rural).
  2. Living Allowance: This allowance contributes towards your general living expenses, such as groceries, utilities, and basic necessities. The exact amount is determined by your institution and may differ based on your study location.
  3. Transport Allowance: This allowance helps offset the cost of commuting to and from your institution. The amount is calculated based on the distance between your residence and the institution, with a maximum coverage of 40 kilometers.
  4. Learning Materials Allowance: This allowance assists with purchasing textbooks and other essential learning materials required for your studies.
  5. Personal Care Allowance: This allowance, introduced in 2022, specifically caters to toiletries and sanitary items. It’s important to note that this allowance may only be applicable to students residing in catered residences.

How Much Money Does NSFAS Give Students per Month?

The total amount you receive from NSFAS each month depends on the specific allowances you qualify for.

The exact figures can be found on the NSFAS website or by contacting your institution’s financial aid office.

Can I Use NSFAS Allowances for Anything I Want?

NSFAS allowances are intended to cover essential student expenses related to your studies.

While there’s some flexibility, it’s important to prioritize your needs responsibly.

Misusing the funds could lead to financial difficulties and potentially jeopardize your funding.

How Do I Receive My NSFAS Allowances?

NSFAS allowances are paid electronically either directly into your NSFAS Wallet or through your institution.

You’ll need to ensure you have the necessary banking details registered with NSFAS or your institution.

Can My NSFAS Allowances Be Increased?

NSFAS allowances are determined based on your needs assessment and may not be negotiable. 

However, you can contact your institution’s financial aid office to discuss any extenuating circumstances that might require additional support.

What Happens if I Don’t Use My NSFAS Allowances Responsibly?

Misusing your NSFAS allowances can have serious consequences. 

NSFAS may withhold future payments or even terminate your funding entirely. 

You should use the funds responsibly for their intended purpose.