How Much Is The First NSFAS Payment?

The amount of the first NSFAS (National Student Financial Aid Scheme) payment can differ depending on a number of factors, such as the student’s financial need, the cost of their tuition and accommodation, and the particular funding model that applies to them.

Usually, NSFAS payments are made directly to the institution where the student is enrolled, and they cover the cost of tuition fees, accommodation, and a stipend for books and living expenses. In some cases, students may receive a portion of their funding as a direct deposit to their bank account.

How Much Is The First NSFAS Payment?

One of the most often asked questions about NSFAS is how much is the first payment. The amount of the first NSFAS payment can change depending on various factors such as the student’s financial need, the cost of their tuition and accommodation, and the specific funding model that applies to them.

NSFAS payments are made directly to the institution where the student is enrolled, and they cover the cost of tuition fees, accommodation, and a stipend for books and living expenses. The exact amount of the first payment is determined by the student’s financial needs and the cost of their tuition and accommodation.

The first payment gives considerable relief to students who may not be able to afford the cost of higher education even though it may not cover the complete cost of tuition and housing.

NSFAS Application Process

To qualify for NSFAS funding, students must meet the specific eligibility requirements, including being a South African citizen or permanent resident, having a household income below a certain threshold, and being enrolled in an authorized tertiary institution.

Students who meet the eligibility criteria can apply for NSFAS funding by completing the application process and submitting the required document. The application procedure involves filling in an online application form, providing proof of income and identity, and submitting academic transcripts and other supporting documents.

When Will NSFAS Application End

Applications for the NSFAS are now welcome and accepted for 2024. By September 28, 2023, your NSFAS grant application must be received. Currently, January 21 2024 is the application deadline for 2024. Since late submissions won’t be allowed, be sure to submit your application before the deadline.

Who Is Eligible To Receive NSFAS Funding

To qualify for bursaries, applicants must adhere to four fundamental standards;

every South African national
All winners of SASSA grants are eligible for funding
applicants whose annual household combined income does not exceed R350 000
A disabled person: The total annual household income cannot exceed R600,000.
students who started their studies before 2024 and whose household income is not higher than R122 000 annually

Applying for the NSFAS in 2024

logging into your myNsfas account

Enter the information that Nsfas needs.
Choose “Apply.”
Click the next button once you have filled out all the relevant fields (parents’ information, mother’s information, guardian information, spouse information for married students, etc.).
Once all sections and procedures have been completed, you must upload the relevant paperwork.
Once you have uploaded all necessary documents, click “Next.”
Click “submit” after making sure the data and documents you provided are accurate.

How Long Will You Receive NSFAS Funding?

If you meet the requirements for eligibility under the means test, NSFAS will only offer support for a maximum of five years based on the amount of money available each year. If you frequently change your program of study and it takes you longer than five years to complete your certificate, you will be responsible for paying for yourself until you graduate.

Who Can Appeal NSFAS

A student whose application for financial aid is rejected or the financial aid for a continuing student is withdrawn, may lodge an appeal with the NSFAS.
The appeal decisions are subject to budget availability.
Appeals will only be considered for students who have applied to NSFAS for Financial Aid.

Who Cannot Appeal NSFAS?

Students are not permitted to appeal if they:

Are registered for a qualification that NSFAS does not fund;
They have reached N+2 (or N+3 in the case of students with disabilities).
The student is a gap year student who NSFAS previously denied financial aid to because s/he did not meet the academic eligibility criteria.
If the institution has not submitted its registration record to NSFAS or has submitted an incorrect registration record such inquiries should be directed to the institution.

NSFAS Contact

For general, student and NSFAS Wallet inquiries

For all other queries regarding students:
Tel No.: 08000 67327
Email: info@nsfas.org.za

Physical Address
The Halyard, 4 Christiaan Barnard St, Cape Town City Centre, Cape Town, 8001

Visit the NSFAS Official website here

RELATED LINKS

How Much Is The First NSFAS Payment?

Related