How Much Transport Allowance From NSFAS Given to Students?
The National Student Financial Aid Scheme (NSFAS) gives deserving students the opportunity to continue their studies without worrying about financial support. It is a governmental organization operating under the Department of Higher Education and Training that provides monetary support to disadvantaged students who want to pursue their studies at public universities or TVET colleges, as established by the NSFAS Act (Act 56 of 1999). Moreover, besides covering tuition fees, NSFAS also gives students allowances for various living expenses.
Allowances are one of the supports given to eligible students, covering tuition fees, accommodation, transport, meals, and other essential costs. Hence, if you apply for the NSFAS, they will cover all your studies-related expenses, so you do not have to worry about financial burdens. However, the main concern is how much allowance will the students receive.
Transport Allowance 2024
What expenses does the National Student Financial Aid Scheme (NSFAS) cover? NSFAS offers extensive bursaries to students registered for approved programs in public universities or Technical or Vocational Education and Training (TVET) colleges. As a part of its support, NSFAS gives funded students allowances for transport, living expenses, accommodation, and learning material.
Students who are funded by the National Student Financial Aid Scheme (NSFAS) will receive multiple allowances, which may vary depending on the individual student. The following are the detailed guidelines for NSFAS allowances in 2024, approved by DHET:
University Allowances from NSFAS
Transport: Up to 40km from the institution, transport allowance is R7,500 annually.
Accommodation: Based on the university’s actual fees, ensuring that private accommodation costs do not exceed those of university residence.
Living Allowance: The living allowances amount to R15,000 per annum.
Textbook Allowance: The book allowance is set at R5,200 per annum.
Furthermore, students in catered residences receive an incidental/personal care allowance of R2,900 annually. Now, the following are the allowances for students at TVET College.
TVET College Allowances From NSFAS
Transport Allowance: The transport allowance for distances up to 40 km from the college is approximately R7,350 annually.
Accommodation: The accommodation costs are as follows:
- R24,000 per annum in urban areas, R18,900 per annum in peri-urban areas, and R15,750 per annum in rural areas.
In addition, the transport allowance is R7,000 per annum, and the incidental/personal care allowance amounts to R2,900 per annum. Furthermore, remember that the amount for each allowance may vary based on the student’s requirements, the institution they are enrolled in, and the funding availability.
What is the NSFAS transfer allowance?
The National Student Financial Aid Scheme (NSFAS) offers monetary support to deserving students through allowances. The transport allowance for university students covers a distance of up to 40km from the institution, with an allowance of R7,500 per annum. In addition, the transport allowance for TVET College students, covering distances up to 40 km from the college, amounts to approximately R7,350 annually.
To sum up, the National Student Financial Aid Scheme (NSFAS) offers financial support to students planning to continue their studies. NSFAS provides allowances to the recipients to help them cover expenses related to their studies. These expenses include transport allowance, accommodation, meals, textbooks, etc.
However, note that the amount for each allowance may vary based on the student’s requirements, the institution they are enrolled in, and the funding availability. Hence, students should inquire with their respective institutions or NSFAS offices for accurate details regarding their allowances.