How Long Will it Take to Pay NSFAS Allowances in 2024, Information regarding the disbursement of NSFAS allowances for the upcoming academic year in 2024 has been disclosed by the Department of Higher Education. Students from disadvantaged backgrounds benefit from these allowances, which cover accommodation, transportation, and learning materials.
Background on NSFAS Bursary
Students from low-income and working-class families benefit from the National Student Financial Aid Scheme (NSFAS). In addition to covering tuition fees, NSFAS also offers allowances that support their diverse needs.
Department Briefing on Readiness
A recent briefing by the Department of Higher Education with the National Assembly highlighted NSFAS’ role in preparing for the 2024 academic year. During the first few months of the year, they also announced the schedule for NSFAS allowance payments.
Schedule for NSFAS Allowance Payments
Amounts payable up front
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In January, universities will receive tuition and accommodation allowances.
Monthly Payments
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In the future, NSFAS allowance payments will be executed on a monthly basis, with disbursements occurring at the end of each month.
Bi-weekly Payments for February and March
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For the months of February and March, NSFAS allowances will be paid bi-weekly rather than monthly.
NSFAS 2024 Applications
Until January 31, 2024, the NSFAS will accept applications for the 2024 academic year. More than a million students benefit from NSFAS’ comprehensive funding across public universities and technical and vocational education and training (TVET) colleges.
Nature of NSFAS Bursaries
In addition to tuition, registration fees, and allowances tailored to students’ needs, NSFAS bursaries cover a wide range of tertiary education costs. In addition to accommodations, meal allowances, and stationery allowances, NSFAS provides adjustments for students who live at home or in catered accommodations.
Conclusion
With the outlined schedule for NSFAS allowance payments and ongoing applications for the 2024 academic year, students can navigate their educational journey with the financial support needed for a successful academic experience. The commitment of NSFAS to inclusivity and comprehensive assistance remains pivotal in fostering equitable access to higher education.
