NSFAS has verified plans for October 2024 allowance payments. This contains details on how Unisa enrolled students will get their NSFAS allowances.
About National Student Financial Aid Scheme (NSFAS):
Deserving students participating in recognized courses at universities and Technical and Vocational Education Colleges can apply for student loans and comprehensive bursaries under the National Student Financial Aid Scheme (NSFAS). This financial help covers critical spending allowances and tuition and registration fees.
NSFAS grants guarantee that students can pay for necessities while pursuing a postsecondary degree. This is how NSFAS allowances for Unisa students will be disbursed. According to the government bursary plan, institutions will keep paying out allowances through the conclusion of the academic year.
The Method of Payment for October 2024 Unisa NSFAS Allowances:
Up to the end of July, universities would initially be in charge of paying allowances. However, according to a recent NSFAS report, universities—including Unisa—will continue to make these payments through December. Universities will pay Unisa students their stipend in October 2024.
What NSFAS Offers Unisa Students?
Students at Unisa who receive funding from NSFAS are qualified for both the Living and Learning Materials Allowances.
The amount of modules a student is registered for determines their Learning Materials Allowance. For the first four modules, NSFAS-funded Unisa students earn R700 per module; for modules five or more, they receive a one-time payment of R5,460.
No further funding will be given for subsequent courses if the R5,200 Learning Materials Allowance for the first five modules has already been paid. The purchase of textbooks and other study materials necessary to finish their courses must be made using this amount.
Students registered for ten or more courses are eligible to receive Living Allowances. Unisa says students registered for ten or more modules qualify for an incidental allowance. NSFAS also pays for registration costs and tuition in addition to these allowances.
A few days remain till October 2024, when allowance payments for NSFAS-funded students are scheduled to begin. The government’s bursary program affirmed how university students will receive NSFAS payments.