Connect with us

NSFAS News

Nsfas Allowances for University Students in 2024

Published

on

Nsfas Allowances for University Students in 2024

Nsfas Allowances for University Students in 2024. The Minister of Higher Education, Blade Nzimande, has disclosed the revised NSFAS allowances for university students in 2024, emphasizing increases in the financial aid scheme.

Check Also: ZA Student Portal

NSFAS Allowances

As a part of the National Student Financial Aid Scheme (NSFAS) bursary, students not only cover tuition fees but also qualify for allowances for meals, accommodation, transport, and learning materials.

2024 NSFAS Allowances Breakdown

  • Living Allowance: R16,500 per year (R3,045 personal care allowance + R13,455 meal allowance)
  • Accommodation Allowance: Capped at R50,000 per annum for institution-owned or leased accommodation and private accommodation in metro areas; capped at R41,000 per annum in other areas. Institution-catered accommodation capped at R66,500 in metro areas and R57,500 in other areas.
  • Travel Allowance: Up to R7,875 per annum for students making their own accommodation arrangements or living with relatives.
  • Learning Material Allowance: Maximum of R5,460 as a one-time payment at the beginning of the academic year for books and devices.

For Distance Learning Students

NSFAS allowances for Unisa and other distance learning students depend on registered modules, with a maximum of R5,460. Full-time course credit load qualifies for a personal care allowance of R3,045 per annum.

For Students with Disabilities

  • Assistive Device Allowance: Once-off R50,000 with additional R2,000 per year for repairs and maintenance.
  • Approval Process: Students with disabilities must have their applications approved, meeting all conditions and criteria outlined in the policy standard.

Conclusion

Minister Nzimande revealed an upfront payment of R4.2 billion to universities and TVET Colleges on January 31, covering registration and initial payments. Monthly payments will follow for January, shifting to bi-weekly payments in February and March, ensuring timely financial support for students.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

NSFAS News

South Africa Two New Universities | The Latest Update

Published

on

South Africa Two New Universities | The Latest Update

South Africa Two New Universities |The Latest Update. South Africa is poised to tackle its skill shortage head-on with the rapid development of two innovative universities, aiming not only to expand access to higher education but also to tailor programs to meet the demands of the local job market.

Check Also: ZA Student Portal

Hammanskraal University | Targeting Crime Prevention

One of the newly proposed universities, Hammanskraal University, is set to play a pivotal role in combating the nation’s crime epidemic by specializing in Police and Crime Detection. Currently, the Department of Higher Education and Training (DHET) is conducting a thorough evaluation of existing expertise within the Hammanskraal police academy to identify areas for enhancement through new faculty appointments.

Additionally, partnerships with established universities offering advanced degrees in relevant fields are being explored to bolster the university’s academic prowess.

Ekurhuleni University of Science and Innovation| Fostering Scientific Advancement

In a bid to address the absence of a major university in Ekurhuleni, the region will soon be home to the Ekurhuleni University of Science and Innovation, dedicated to promoting Science and Innovation. As the planning enters its second phase, critical considerations such as infrastructure development, faculty recruitment, and curriculum design are at the forefront.

This includes meticulous planning for a state-of-the-art campus equipped with modern facilities and technology, as well as strategies to attract and retain top-tier faculty members.

Government Initiatives For Collaboration and Growth

Recognizing the significance of collaboration in nurturing strong academic institutions, the government has outlined several strategies to foster partnerships and streamline transitions for students. This includes collaborating with established universities to lay a solid academic foundation, bridging the gap between vocational training colleges and the new universities, and creating pathways for postgraduate studies.

The exploration of articulation pathways at the postgraduate level signifies a commitment to providing diverse opportunities for academic advancement and specialization.

Conclusion

The development of these two new universities underscores South Africa’s commitment to addressing skill shortages and driving innovation in key sectors. By prioritizing collaboration, strategic planning, and stakeholder engagement, the government aims to ensure the success and sustainability of these institutions for generations to come.

As the implementation phase gains momentum, the prospect of a brighter future for South African higher education looms ever closer.

Continue Reading

Trending