The National Student Financial Aid Scheme (NSFAS) has announced how allowances will be disbursed to students in October 2024. NSFAS provides bursaries and loans to eligible students studying at public universities and TVET colleges in South Africa.
These cover tuition, registration fees, and allowances for food, accommodation, and study materials.
NSFAS provides comprehensive bursaries and student loans to deserving learners. These bursaries cover tuition and registration fees, as well as several allowances for food, accommodation, and learning materials.
This financial aid is only provided to students enrolled in approved courses at public universities and Technical and Vocational Education and Training (TVET) colleges in South Africa.
Universities to Continue Disbursing Allowances
Following a meeting between Universities South Africa (USAF) and the NSFAS Administrator, it has been decided that universities will continue to pay NSFAS allowances to students until the end of the 2024 academic year.
This extends the arrangement implemented in April 2024.
BREAKING NEWS: NSFAS 2025 Applications Now Open! CLICK HERE TO APPLY
New Payment System Under Development
While a new system for disbursing allowances is being developed, universities will remain the primary channel for payments in 2024. Further information regarding allowance distribution channels for the 2025 academic year will be provided at a later date.
End of NSFAS Direct Payment
The NSFAS Direct payment method, which involved a black card, has been discontinued. This is a result of changes in allowance disbursement arrangements and the termination of related service provider contracts.
