How NSFAS Allowances Are Paid

The National Student Financial Aid Scheme (NSFAS) funds over a million South African students.

Here’s a step-by-step guide on how NSFAS allowances are paid:

TVET College Allowance Payment Plan

  1. NSFAS pays allowances directly into students’ bank accounts.
  2. Students receive funds for living expenses, accommodation, transport, and learning materials.
  3. To avoid delays, ensure banking details are uploaded and verified on the myNSFAS portal.

Uploading Bank Details for TVET Students

  1. Visit the myNSFAS portal.
  2. Log in with your credentials.
  3. Select “Bank Account Details” under “Profile Information.”
  4. Enter bank details.
  5. Click “Save.”

University Allowance Payment Plan

  1. Universities manage student allowance payments.
  2. NSFAS disburses funds to institutions based on verified student registration data.
  3. NSFAS funding covers tuition, registration fees, and allowances.
  4. Allowances support living expenses, accommodation, transport, and learning materials.
  5. Verified banking details are crucial for timely payments.

For the latest updates, visit the NSFAS website or myNSFAS portal.