Securing your NSFAS allowances for the 2025 academic year requires careful attention to a few important steps.
Follow this guide to ensure you receive your funding without any delays.
The National Student Financial Aid Scheme (NSFAS) offers bursaries and student loans to eligible students studying at universities and TVET colleges.
NSFAS funding covers tuition, registration fees, and various allowances for essentials like food, accommodation, and learning materials.
For the 2025 academic year, NSFAS will pay allowances directly to TVET College students through its in-house banking system, continuing the system introduced in 2024.
This payment method is cost-effective and stable and ensures students receive their funds directly into their bank accounts.
Steps to Secure Your NSFAS Allowances
1.Confirm Your Funding Status
- Ensure that you have applied for NSFAS and received confirmation of your funding approval.
- If unsure, log into the myNSFAS portal to check your funding status.
2.Complete Your College Registration
- Register for your 2025 course as soon as your institution opens for registration.
- Registration data is critical because colleges must submit it to NSFAS to confirm your eligibility for allowance payments.
- Complete your registration before 13 January 2025 to avoid delays.
3.Submit Your Banking Details
Once your registration is confirmed, you must add your banking details to the myNSFAS portal. Follow these steps:
- Visit the myNSFAS portal.
- Log in with your credentials.
- Go to “Profile Information” and select “Bank Account Details.”
- Enter your bank details accurately.
- Click “Save.”
This step is needed to deposit your allowances directly into your account.
Avoiding Payment Delays
- Keep Your Profile Updated: Regularly check the myNSFAS portal to ensure your information is accurate.
- Open a Bank Account: If you don’t already have a bank account, visit any South African bank and open one as soon as possible.
- Communicate with Your College: Stay in touch with your institution to confirm they’ve sent your registration data to NSFAS.
Why the New System Matters
NSFAS administrator Freeman Nomvalo emphasized the advantages of this system. It’s more stable and cost-efficient compared to previous methods. By following the steps outlined above, students can minimize disruptions and ensure they receive their allowances on time.
Need More Help?
Visit the NSFAS Section on our website for detailed information about: