NSFAS Allowance Payment Schedule for 2024. The Department of Higher Education has disclosed the anticipated schedule for the disbursement of NSFAS allowances in the initial months of the 2024 academic year. These allowances, catering to accommodation, transport, and learning materials, play a crucial role in supporting students from financially challenged backgrounds.
NSFAS Bursaries
The National Student Financial Aid Scheme (NSFAS) extends financial assistance to students hailing from poor and working-class families. Beyond covering tuition fees, NSFAS provides essential allowances to meet students’ diverse needs.
Announcement from the Department
In a briefing before the National Assembly, the Department of Higher Education discussed their preparedness for the upcoming academic year and shed light on NSFAS’ readiness. Subsequently, they unveiled the schedule for NSFAS allowance payments for the initial months of 2024.
NSFAS Allowance Payment Schedule for 2024
1. Upfront Payments: January 31, 2024
Upfront payments encompassing tuition and accommodation allowances are slated to be disbursed to universities by the end of January, specifically on the 31st.
2. Monthly Payments
Monthly NSFAS allowance payments will follow the conventional practice, with disbursements scheduled at the end of each month.
3. Bi-Weekly Payments: February and March
In a departure from the monthly norm, students can expect bi-weekly NSFAS allowance payments for the months of February and March.
NSFAS Applications 2024
NSFAS initiated the application process for funding for the 2024 academic year on November 21. Prospective applicants have until January 31, 2024, to submit their applications.
Scope of NSFAS Funding
NSFAS’s commitment extends to providing comprehensive funding to over a million students enrolled in approved programs at public universities and Technical and Vocational Education and Training (TVET) colleges.
Bursary Coverage
NSFAS bursaries are designed to cover all expenses related to tertiary education, including tuition, registration fees, and a range of allowances. Students receive accommodation allowances, meal allowances, and stationery allowances, with adjustments made for those residing at home or in catered accommodation.
