The National Student Financial Aid Scheme (NSFAS) is a government-run organisation that reports to the Ministry of Higher Education and Training (DHET). It offers study bursaries to scholars planning to attend Technical and Vocational Education and Training (TVET) colleges or public universities. So how much is the NSFAS allowance for college students? And is NSFAS increasing the allowance for 2022?
There are more than just tuition fees to consider when budgeting for further education, so how much money do you get from NSFAS? Hubopportunities.com has all you need to know about the NSFAS monthly allowance for 2021/2022.
Many South Africans will be eligible for NSFAS allowances for 2021, including learners registering at TVET colleges and universities for the first time or students returning to work on their first undergraduate qualification. Other factors considered include scholars from families with a yearly combined household income of not more than R350 000. Unfortunately, only a few post-graduate degrees are supported.
Orphans and pupils whose families receive child assistance or disability payments from the South African Social Security Agency (SASSA) will be immediately eligible for NSFAS financing.
How much is NSFAS monthly in 2022?
Each new year comes with additional costs as prices increase, so will NSFAS increase the allowance for 2022 per month? The Financial Aid Scheme has released no official statement.
The following monthly payments can be expected:
- Educational Resources (Books): R433
- Living Expenses: R1250 Incidental
- Provisions: R241
- Travel Costs: R625
- Accommodation: Value is dependent on each student
NSFAS is a bursary program run by the Department of Higher Education and Training for students who cannot afford to pay for their education through bank loans, study loans, or bursaries.