NSFAS Latest News – The National General Council (NGC)has decided to make changes to the 2023 Nsfas policy with a particular focus on the allowances students receive. The South African Union of Students (SAUS) has convened its 8th National General Council from 10-13 November 2022 at Mpumalanga University.

The meeting approved changes to the allowances for students studying under the National Student Financial Aid Scheme (NSFAS).

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According to Nsfas, the benefits are subject to annual increases determined by the Consumer Price Index (CPI), so Nsfas is looking to increase the allowances.

The General council resolved that for 2023, student allowances should be increased from R1500 to R2000, as the previous allowances have not been increasing, even though the buying power of money has been reducing due to economic conditions and the inflation rate; in addition, the allowances should continue to increase in the future, in line with the inflation rate to maintain and continue to support students. 

Another key decision was to make the grants the same for all students completing their studies through Nsfas, regardless of whether they attend college or the Technical and Vocational Education College (TVET).

“SAUS understands that the price of bread or taxi fare is not different whether a student is coming from a TVET or university,”

said the Union. 

NSFAS worked with student leaders and stakeholders to consider increasing scholarships.

The Council has reflected on several issues affecting the higher education sector, the country, the continent and globally, with the meeting being characterized as “robust”, filled with high-level discussions and different presentations from various stakeholders as a mid-term review of the Union discussed in detail the political landscape, organizational and financial issues that affect the students of South Africa.  

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