How Does NSFAS Work For Private Accommodation?

Tuesday, 29 March, 2022 - 10:12

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Staying near to your university can be beneficial to you as it will make institution resources accessibility easier. If your application for on-campus accommodation was unsuccessful then there are other private residences that you could consider. How will NSFAS work for private accommodation though?

Universities are facing an issue where there are not enough beds to accommodate the students who are in need of on-campus accommodation.

A review by the Department of Education has indicated that for the thousands of students at the 50 public TVET colleges in the country, there were only 10% of beds available. This then leads students to seek out private accommodation.

The National Student Financial Aid Scheme (NSFAS) spokesperson, Kagisho Mamabolo made an announcement that stated:

Most institutions have a process of engaging private accommodation providers to support the students.

NSFAS will fund students who are staying at private accommodation but students will have to make sure that the accommodation is NSFAS accredited in order for NSFAS to pay for it.

All the institution has their own set criteria and policies when they select students to reside in private accommodation.

Mamabolo said private residences are not paid for directly by NSFAS but the institution/student would pay the residence. This will possibly happen after the student receives their NSFAS accommodation allowance to their bank account.

NSFAS has also announced that in due course they will unveil plans for private accommodation.

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NSFAS

Student Achiever Account

Monthly Fee - R9.99

Age range - 16 to 24 years old

Monthly Income - Not required

How To Apply For A Student Bursary

Many students do not realise how much university actually costs aside from the learning material, transport costs, accommodation and living expenses. A bursary is a monetary reward from an institution to a student based on their academic performances and personal circumstances.

Is NSFAS A Bursary Or Loan?

When applying to tertiary institutions, there is always a concern about how you will pay the tuition. This is when you may come across NSFAS. To find out whether it is a bursary or loan, keep on reading.

This Is What Your NSFAS Application Status Means

If you’re not sure what your NSFAS application status means and need more information, we can help you.

Understanding what you’re reading when you’re checking your NSFAS application status is of utmost importance. Here’s what your NSFAS application status means.

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