how much does nsfas pay for accommodation 2024-2025

Which costs associated with your education are covered by the National Student Financial Aid Scheme (NSFAS)?

Beyond tuition, there are numerous other costs associated with higher education. For instance, some students may require accommodations during their study time, while others may need to purchase specific learning materials. Through its student allowance system, NSFAS hopes to cover any additional expenses.

What is a student allowance?

A student allowance, which covers costs associated with studying, is available to students who are eligible for a government bursary. Beneficiaries of the NSFAS receive a monthly student allowance. These allowances are paid out in cash, either to the student directly through NSFAS Wallet or to the student through the institution. The Consumer Price Index (CPI) determines annual increases for allowances. The needs and costs of each student are taken into consideration when funding them. When academic activities resume at the end of January, NSFAS typically begins to pay qualified students allowances.

What type of allowances does NSFAS provide?

The bursary includes the following allowances, according to the NSFAS website:

UNIVERSITY

Accommodation: amount is the actual amount that the university charges. The private cost cannot exceed university housing costs.
Transport: R7 500 per annum (up to 40 km from the institution)
Living allowance: R15 000 per annum
Book allowance: R5200 per annum (only applies at universities)
Personal Care allowance: R2900 per annum

TVET

Accommodation:
- in an urban areas – R24 000 per annum
- in the peri-urban area – R18 900 per annum
- in a rural area – R15 750 per annum
Transport: R7 350 (up to 40 km from the institution)
Personal Care allowance: R2 900 per annum

What has changed in the NSFAS allowance system?

In order to cover students’ sanitary and toiletry needs, NSFAS now includes a personal care allowance in its bursary program. Additionally, students should be aware that NSFAS no longer offers university students book vouchers. Instead, students receive a cash allowance to spend on useful instructional materials.

Are student allowances monitored?

There is no way to monitor how students spend their cash allowances in NSFAS. NSFAS is of the opinion that students ought to be treated like adults and ought to have the financial freedom to use the cash voucher in the manner that best suits them. Students should use this opportunity to learn how to manage their money and responsibly spend their allowance.

NOTE. For more details, applicants can download THE NSFAS ELIGIBILITY CRITERIA AND CONDITIONS FOR FINANCIAL AID HERE.

FOR ANY INFORMATION ON PAYMENT OR RECEIVING OF MONEY PLEASE GO TO THE NSFAS MAIN WEBSITE BY CLICKING HERE OR CALL THEM DIRECTLY ON

Tel No.: 08000 67327
Email: info@nsfas.org.za

RELATED LINKS

Nsfas Online Application links

For more info visit Nsfas Website