The National Student Financial Aid Scheme, who 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 the 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
- For students who live in private accommodation more than 40 km from the College:
They will also cover tuition fees and registration fees.
TVET College students currently receive their allowances through the NSFAS wallet system.
NSFAS manages and administers the Department’s TVET College Bursary Scheme on behalf of the Department.
RELATED:
- Here's Who Qualifies for NSFAS in TVET Colleges
- What is NSFAS Wallet?
- Central JHB TVET College
- Buffalo City TVET College
Visit the website for more information on NSFAS for TVET students.
