How Much is NSFAS Allowance Per Month

The National Student Financial Aid Scheme (NSFAS) provides financial assistance to eligible South African students to further their education.

This assistance comes in the form of allowances for various expenses, including accommodation, food, transport, and study materials.

The specific amount of NSFAS allowance a student receives depends on several factors, such as the type of institution (university or TVET college), accommodation type, and location.

NSFAS Allowance Breakdown

Generally, NSFAS allowances are divided into the following categories:

  • Accommodation Allowance: This covers the cost of student accommodation, either in university residences or private accommodation. The amount varies based on accommodation type and location.
  • Food Allowance: This allowance is meant to cover daily meal expenses.
  • Transport Allowance: This is provided to assist with commuting costs to and from the institution.
  • Study Materials Allowance: This covers the purchase of textbooks and other study materials.
  • Incidental Allowance: This is a small allowance for personal expenses.

NSFAS Allowance for University Students

For university students, the NSFAS allowance typically includes:

  • Living Allowance: This covers food and incidental expenses. The amount for 2024 is R16,500 per year, which translates to approximately R1,375 per month.
  • Accommodation Allowance: The amount varies based on whether the student stays in university residence or private accommodation.
  • Transport Allowance: This is capped at R7,500 per year for students living within 40 kilometers of the institution.
  • Book Allowance: This is R5,200 per year for study materials.

NSFAS Allowance for TVET College Students

NSFAS allowances for TVET college students generally cover the following:

  • Accommodation Allowance: This varies based on location (urban, peri-urban, or rural).
  • Food Allowance: The amount is typically lower than for university students.
  • Transport Allowance: Similar to university students, it’s capped at R7,500 per year for those living within 40 kilometers.
  • Study Materials Allowance: This is also provided.

It is important to note that the NSFAS allowance amounts are subject to change. Students should always refer to the official NSFAS website or contact their institution’s financial aid office for the most accurate and up-to-date information.

Additionally, not all students qualify for the full NSFAS allowance. The scheme has specific eligibility criteria, including household income and academic performance.

How much does NSFAS give per month for food?

The NSFAS food allowance is incorporated into the living allowance. For university students in 2024, the total living allowance is R16,500 per year, which equates to about R1,375 per month. This amount is expected to cover both food and incidental expenses.

Is NSFAS allowance enough to live on?

The NSFAS allowance is designed to assist students with the costs of higher education, but whether it’s sufficient to live on depends on individual circumstances, such as accommodation costs, living expenses, and personal spending habits.

Many students find it necessary to supplement their NSFAS allowance with part-time jobs or other financial aid.

How do I apply for NSFAS?

To apply for NSFAS, students must meet the eligibility criteria and submit an online application through the NSFAS website. The application process typically opens at the beginning of the year for the upcoming academic year.

When do NSFAS allowances get paid?

The payment schedule for NSFAS allowances varies depending on the institution. Students should contact their financial aid office for specific payment dates.

What happens if I fail my NSFAS modules?

Failing modules may affect your eligibility for continued NSFAS funding. NSFAS has specific academic performance requirements that students must meet to retain their financial aid.