NSFAS Monthly Allowance 2022

By | February 2, 2022

NSFAS Monthly Allowance 2022

NSFAS Monthly Allowance 2022

NSFAS was established according to the National Student Financial Aid Scheme Act (Act 56 of 1999) and incorporated TEFSA (Tertiary Education Fund of South Africa). From 1993 to 2000, TEFSA was the primary non-profit company in terms of Section 21 of the Companies Act and ceased to operate in July 2000. All existing loans on the TEFSA books were transferred to NSFAS.

The mission is to transform NSFAS into an efficient and effective provider of financial aid to students from poor and working-class families in a sustainable manner that promotes access to, and success in, higher and further education and training, in pursuit of South Africa’s national and human resource development goals.

How much money does Nsfas give to students?

The National Student Financial Aid Scheme, which we know as NSFAS, is responsible for providing funding in the form of a bursary to financially vulnerable students. Fortunately, they fund NSFAS students as well.

You might wonder which NSFAS allowances are given to students from TVET College and what else NSFAS covers. Here’s your answer.

NSFAS provides the following allowances to students:

  • Personal Care Allowance
    • All students funded by NSFAS get a personal allowance which is R2 900 per year.
  • Transport Allowance
    • If you live less than 40km away from the College, you’re eligible for the transport allowance and you’ll receive R7 350 per year.
  • Accommodation Allowance
    • For students who live in private accommodation more than 40 km from the College:
      • Students who live in rural areas receive R15 750 per year
      • Students who live in peri-urban areas receive R18 900 per year
      • Students who live in urban areas receive R25 200 per year
    • If students are residing in the College’s hostel accommodation, their accommodation allowance comes to R33 000 per year

They will also cover tuition fees and registration fees.

TVET College students currently receive their allowances through the NSFAS wallet system.

  Who qualifies For The Nsfas FundDoes Nsfas fund teaching in 2022-2023?

  • All citizens of South Africa
  • SASSA award recipients are all eligible for financing.
  • Applicants with a combined household income of less than R350 000 per annum are eligible.
  • A person having a handicap:
    The total annual household income shall not exceed R600,000.
  • Students who began their studies prior to 2018 and whose annual household income is less than R122 000.
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For more information on funds for teaching click HERE

Application Date: The opening date for Nsfas applications is within a three-month period that begins on September 1st and concludes on November 30th of each academic year.

Application Instructions:

The steps outlined here will guide you through the application process.

  • A completed and signed application form.
  • It is necessary to fill out and sign the consent form.
  • A current certified ID or a copy of your South African birth certificate
  • A certified copy of your parents’ or guardians’ identification card ( if they are dead  provide a death certificate)
  • A recent certification of a copy of your parents’ or guardians’ proof of income, such as a salary stub, work letter, pension letter, or SASSA letter, was required.
  • Orphaned applicants must provide a completed and signed Declaration Form.
  • Students with disabilities must submit an Annexure A form, which must be completed and signed.

Note: Students can also seek help with their application at their college or at an NSFAS walk-in center. Make sure you have all of the necessary documentation with you.       Does Nsfas fund teaching in 2022-2023?

Contact Details:

  • NSFAS Loans & Bursaries Department,
  • Private Bag X4, Plumstead, 7801;
  • faxed to 086 644 2822; or

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