How University NSFAS Allowance Payments Will Be Made For October 2024: Find out when and how students will receive NSFAS allowances this month.
The National Student Financial Aid Scheme (NSFAS) has confirmed its allowance payment schedule for October 2024. This crucial update will benefit thousands of South African students receiving financial assistance.
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NSFAS provides comprehensive bursaries and student loans to deserving students enrolled in approved courses at public universities and Technical and Vocational Education and Training (TVET) colleges in South Africa. These bursaries cover tuition and registration fees, as well as allowances for essential expenses like food, accommodation, and learning materials.
How University NSFAS Allowances Will Be Paid For October 2024
Universities will continue to be responsible for disbursing NSFAS allowances to students until the end of 2024. This decision comes after a previous plan to transition allowance payments to a new system by September 2024.
Following a meeting between Universities South Africa (USAF) and the NSFAS Administrator, Mr F Nomvalo, NSFAS has decided that university students’ allowances will continue to be distributed allowances through universities for the remainder of the 2024 academic year.
While the details of this new system remain unclear, the extension of university-based payments provides stability for students in the short term.
NSFAS allowances for October 2024 will be paid by universities. Students enrolled in approved courses at public universities and TVET colleges are eligible.
Further information regarding allowance distribution channels for the 2025 academic year will be communicated later.