HomeUniversitiesNSFASNSFAS Allowances For University...

NSFAS Allowances For University Students 2023

- Advertisement -

NSFAS Allowances For University Students 2023 . In 2023, NSFAS will distribute its allowances to qualifying students in accordance with its plans. You can read all the details about Nsfas Allowances For 2023 University Students here.

NSFAS Allowances For University Students 2023

- Advertisement -

New allowance funding allocations for the 2023 academic year have been announced by the Department of Higher Education and Training (DHET) and National Student Financial Aid Scheme (NSFAS).

According to Blade Nzimande Minister of Higher Education

- Advertisement -

According to Blade Nzimande, Minister of Higher Education, Nsfas will spend R47.6 billion in funding allocation in 2023.

As part of the budget allocated to Nsfas for this year, allowances have been adjusted to account for inflation.

In order to support its students, NSFAs has introduced an allowance system that covers the majority of the extra costs associated with higher education, such as accommodation and textbooks.

- Advertisement -

As part of the government bursary program, students are eligible to receive student allowance funding to cover study-related expenses.

As soon as academic activities resume, NSFAS beneficiaries receive the monthly student allowance. A student receives these allowances in cash, either directly through their NSFAS Wallet or via their institution.

According to Nzimande, university students will receive a R5,460 learning material allowance per year, along with a R61,500 accommodation allowance.

The number of students eligible for funding is also expected to increase by 7%

Students studying less than 60 course credits towards their qualification, as of the 2023 academic year, are only eligible for learning materials allowances.

A personal care allowance of R3,045 per academic year is available to distance university students studying an equivalent full-time course load. Students must register for at least 120 credits in one academic year to qualify.

For NSFAS-funded students living at universities without catered residences, a living allowance will be provided to cover food and other expenses. There will be a R15,750 allowance in 2023, which will be divided into R3,045 for personal care and R12,705 for meals.

Either the travel allowance or the accommodation allowance may be available to students

Accommodations owned or leased by the institution, as well as private accommodations, will be capped at R45,000 per academic year. Nsfas or institutions will be required to pay private accommodation allowances directly to private accommodation service providers.

Using the Minimum Norms and Standards For Student Housing (MNSFSH), university accommodations (private and public) will be accredited to ensure that students have adequate living conditions.

To determine the rental rate for accommodations that do not meet the MNSFSH criteria, Nsfas or an institution will conduct a verification process.

Accommodation that does not meet the MNSFSH criteria will be rationed based on the criteria defined in Clause 7.2.4 by NSFAS: 

  • Students residing with immediate family or with relatives do not qualify for accommodation allowances. Instead, these students qualify for a travel allowance determined by the institution, up to a maximum of R7,875 in 2023.
  • Students living in institution owned accommodation, or leased accommodation qualify for a capped annual accommodation allowance of up to R45,000 per annum.
  • Students living in accredited private accommodation qualify for a capped accommodation allowance of up to R45,000 per annum.
  • Students living in institution-catered accommodation qualify for a maximum allowance capped at R60,750 per annum (accommodation allowance that is inclusive of the living allowance and personal care)
  • Institutions that wish to continue with the accreditation of private accommodation must apply to Nsfas.
  • Nsfas will give a three months’ notice to institutions that were approved to continue with the accreditation and where Nsfas has put processes in place to take over the accreditation.
  • Nsfas will develop a grading process to determine the accommodation rental for Nsfas-funded student.
  • Nsfas will undertake verification of private accommodation to ensure the accommodation costs are in line with the quality of accommodation and comply with the MNSFSH standards.
  • As of 2023, a student in need of private accommodation can apply directly to Nsfas provided the institution has not initiated a process of accreditation and placement of the student in an accommodation.
  • Nsfas will facilitate signing of a lease agreement on behalf of a student and ensure payments directly to the Landlords where the student applied directly to Nsfas for private accommodation.
  • Students only qualify for one accommodation allowance type per academic term.

For the 2023 academic year, university students are entitled to a learning material allowance of a maximum of R5,460.

In order to receive a learning material allowance, you must purchase academic books and materials, as well as a learning device. Students are only eligible for one allowance per academic year.

If a student receives financial aid from NSFAS for the first time, he or she must purchase a digital learning device (such as a laptop) in that year.

maximum allowance

An institution can apply for an exemption from the acquisition of devices on behalf of its beneficiaries, but NSFAS reserves the right to acquire them on behalf of its beneficiaries. Up to R5,460 is the maximum allowance for students enrolled in distance education programmes.

The NSFAS mandates that students at FTEN purchase digital devices with part or all of the learning material allowance. It is the student’s responsibility to cover insurance, maintenance, and/or repairs of computer equipment purchased, or data.

- Advertisement -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

NSFAS payment schedule | NSFAS Payment Dates 2023

NSFAS payment schedule | NSFAS Payment Dates 2023. The National Student...

Courses funded by NSFAS at universities | Which University Courses Does NSFAS Cover?

Courses funded by NSFAS at universities | Which University Courses Does...

Which TVET courses does NSFAS fund 2023/2024?

Which TVET courses does NSFAS fund 2023/2024?. Are you unable to pay...

NSFAS MasterCard – www.nsfas.org.za online

NSFAS MasterCard – www.nsfas.org.za online. The NSFAS Mastercard is a new initiative...

Read Now

14 Ways To Earn Money Online 2023

14 Ways To Earn Money Online 2023. Earning money has typically been associated with and restricted to traditional ‘offline’ route. With the Internet taking over a large part of our lives, more people are looking to ways to earn money online to increase their financial inflows, with secondary income streams. You should...

How To Fill in the Z83 Form | Steps of filling the Z83 Form

How To Fill in the Z83 Form | Steps of filling the Z83 Form, The Z83 form is an application for employment document that anyone who is applying for any position in any of the government departments must complete in response to any of the advertised positions....

Departments Use the Z83 Application Form | Which Departments Use the Z83 Application Form

Departments Use the Z83 Application Form | Which Departments Use the Z83 Application Form, The Z83 form is to be completed when applying for vacancies within the National Government Departments, and Provincial Government Departments only., z83 application form 2022, z83 new form, z83 new form download, z83 form, z83 form...

New z83 Application Form 2023 – PDF Download

New z83 Application Form 2023 – PDF Download, Download PDF, how to fill new z83 form, new z83 form word, old Z83 form. www.dpsa.gov.za Vacancies Z83. Z83 81/971431 editable, z83 Application Form 2023 pdf download, Download the New Z83 Application Form 2023 Online PDF Form, Online Download...

How To Download the New Z83 Application Form Online | PDF Form 2023

How To Download the New Z83 Application Form Online | PDF Form 2023, Download the new Z83 application form to apply for National and Provincial Government department jobs. You can choose to fill in the pdf z83 download and fill in the form electronically and submit it. You can do...

SPU Prospectus PDF 2024/2025 | How to Download Sol Plaatje University Prospectus

SPU Prospectus PDF 2024/2025 | How to Download Sol Plaatje University Prospectus. The Sol Plaatje University Prospectus for Undergraduate, Postgraduate, Certificate, and Diploma programmes is accessible online and downloadable in pdf version. Sol Plaatje University Prospectus PDF 2024 contains information such as courses, fees, financial support, bursaries, campus facilities,...

University of Mpumalanga – UMP Prospectus 2024/2025 PDF Download

University of Mpumalanga - UMP Prospectus 2024/2025 PDF Download. The University of Mpumalanga prospectus gives you detailed information on everything you need to know about the institution in terms of admission, application, registration, courses offered and even the contact details. The prospectus is usually in a Portable Document...

NWU Prospectus 2024 PDF Download – North-West University

NWU Prospectus 2024 PDF Download - North-West University. NWU Prospectus 2024 PDF Download. North-West University (NWU) Undergraduate and Postgraduate prospectuses for 2024 are available to you in downloadable (pdf) and click below to read fNWUl mod NWUe details for each degree programme. The North West University brochure will help you to...

UNIVEN Prospectus (Download PDF) 2024 – University of Venda

UNIVEN Prospectus (Download PDF) 2024 - University of Venda. UNIVEN Prospectus 2024 contains the list of courses, admission requirements and all admission application information to guide you through the University of Venda admission process. The University of Venda Prospectus 2024 is what you need to ascertain any admission or application...

UL Prospectus PDF 2024/2025 | How to Download University of Limpopo Prospectus

UL Prospectus PDF 2024/2025 | How to Download University of Limpopo Prospectus. The University of Limpopo has released online the institution’s 2024 prospectus in PDF for prospective students for the 2024 academic session. It Includes all information about admission to the school. UL Prospectus is a document sent to potential (prospective)...

Download CUT Prospectus 2024 PDF – Central University of Technology

Download CUT Prospectus 2024 PDF - Central University of Technology.  The management of the Central University of Technology has released online the institution’s undergraduate and postgraduate prospectus in PDF for prospective students for the 2024 academic session. CUT Prospectus contains the list of courses, admission requirements and all...

Download UFS Prospectus 2024/2025 | University of the Free State

Download UFS Prospectus 2024/2025 | University of the Free State. The University of Free State (UFS) Prospectus 2024/2024 pdf download has released by the management contains the course outline, admission requirements, registration dates, application dates, application closing date, diary, handbook, brochure, fees structure, courses offered and all admission information...

.