NSFAS Allowance Payment Schedule 2024

The National Student Financial Aid Scheme (NSFAS) has announced its plan for allowance payments. The scheme recently made upfront payments worth billions of rands to institutions, to ensure a seamless start to the 2024 academic year.

Upfront Payments To Universities

February 2024: NSFAS made upfront payments to cover various allowances, including the second half of the book allowance, accommodation for March, transport fair for February and March, meals for February and March, and personal care for February and March.

March 2024: Universities administered the payment of allowances for February and March only.

How NSFAS Allowance Will Be Paid to University Students

NSFAS has replaced the previous system where universities distributed allowances to students with a direct payment method to students themselves.

Starting in April 2024, allowances will be sent directly to students through the chosen direct payment partners assigned to their respective institutions in 2023.

Students need to register with these partners to receive the allowances.

TVET Colleges NSFAS Allowances Payment Layout

TVET colleges used to distribute allowances to students, but from April 2024, SFAS will directly send allowances to students through chosen direct payment partners.

Who Will Pay TVET College NSFAS Allowances Going Forward?

Allowance Type  Distribution Challenge
Book Allowance Institution
Accommodation Allowance For The Non-Pilot Accommodations Institutions
Private Accommodation Allowances Pilot NSFAS
Food Allowance Direct Payment Service Provider
Travel Allowance Direct Payment Service Provider
Living Allowance Direct Payment Service Provider
Pre-funder allowances Institutions
Disability Funding Institutions

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