Last updated on September 29th, 2022 at 10:11 am
Do you want to know how much will NSFAS give students per month in 2023? This is one of the questions that is frequently asked by students who have been approved to receive NSFAS funding.
In this article, we’re going to take you through the amount that the National Student Financial Aid Scheme (NSFAS) is set to pay students each month for the 2023 academic year.
We’ll also look at other frequently asked questions (FAQs) related to NSFAS monthly allowances for students in 2023.
So, let’s jump right to the topic of how much will nsfas give students monthly.
How Much Will NSFAS Give Students Per Month 2023?
Congratulations if your NSFAS Online Application was successful. Unfortunately, not all students who applied got approved to get funded for their education.
So, if you have been approved, then is thank you God news.
After your application has been approved, NSFAS will create your E-Wallet for you. You will therefore need to activate your wallet.
We recommend that you read How To Activate NSFAS Wallet for the guide to activate your wallet successfully so that you do not end up blocking it.
NSFAS will be depositing your allowances into your NSFAS wallet monthly.
Below are the monthly allowances that NSFAS is going to give to approved students for funding in 2023.
| NSFAS Allowances Categories | NSFAS Monthly Allowances for 2023 |
| Learning Materials (Books) | R433 |
| Living Allowances | R1250 |
| Incidental Allowances | R241 |
| Travel Allowances | R625 |
| Accommodation | Amount based on what your institution charges |
How Much Will NSFAS Give Students Per Year 2023?
Below is also the allowances that NSFAS is going to pay students for the year 2023. The total amount was reached by simply multiplying the monthly allowances by 12 months.
| NSFAS Allowances Category | NSFAS Yearly Allowances |
| Learning Books | R5,200 |
| Personal Care/Incidental | R2,900 |
| Living Allowances | R15,000 |
| Transport | R7,500 (up to 40 KM from school) |
| Accommodation | Amount based on what your institution charges |
However, the cost of private accommodation must not exceed that of the institution (public) accommodation.
NSFAS will pay both your registration fees and tuition fees.
universityonlineapplication.com
Now that we know the NSFAS monthly allowances for students in 2023, and NSFAS yearly allowance for students in 2023 let’s look at some of the frequently asked questions related to the amount of money NSFAS pays students monthly.
When Does NSFAS Pay Allowances In The Month?
Usually, you’ll receive your NSFAS allowances in the first week of each month. Your NSFAS allowances are disbursed starting from the month because the allowances are meant to cover your financial needs for the whole month.
Although the amounts are a monthly stipend, NSFAS expect students to manage the allowances so that they can financially survive them for the month.
We also advise students that they should be able to manage their NSFAS monthly allowances to be able to live through the month financially.
How Do I Get My NSFAS Allowances?
NSFAS will disburse your allowances into your NSFAS Wallet each month on the set date for payment. You’ll then receive your NSFAS allowances in your wallet.
It is therefore very important to keep your NSFAS wallet secured so that nobody gets access to it.
Usually, your wallet can get blocked and you’ll be denied access to withdraw cash from it. In such an unfortunate incident, you should know How To Unblock NSFAS Wallet so that you can safely withdraw money from it.
How Do You Create NSFAS Vouchers?
In order to withdraw money from your NSFAS wallet, you’ll need to Create NSFAS Voucher. It is through the voucher that you can withdraw your NSFAS cash from your wallet.
How Do You Withdraw Cash From NSFAS Wallet?
After creating your NSFAS voucher, you will take it to the nearest NSFAS participating store or celbux to withdraw your cash.
You can either choose to use the voucher to buy your needs from the participating store or celbux or you can exchange your voucher for cash.
You should read this article How Do I Withdraw Money From NSFAS Wallet? for the detailed easy step-by-step guide on withdrawing cash from your wallet.
For inquiries about NSFAS monthly allowances, do make them through the contacts on www.nsfas.org.za; the National Student Financial Aid scheme website.
This is all to know about how much NSFAS give students per month in 2023
We do hope this article on how much will NSFAS give students per month was helpful.
You can ask your questions in the comment.
Good day why has NSFAS not get approved my application. I have been waiting and checking. Its really a big dream for me to go and study and make something of myself. I am whiling to put the hard work in and have sleepless night.
NSFAS is still processing applications. You should have patience.
WHY NSFAF ONLY PAY FOR SOME STUDENTS?
i want to apply for NSFAS with my grade 11 results while waiting for my grade 12 results. is that possible?
You can try to apply with your Grade 11.
If I got allowance it means nsfas has already funded my studies
Yes, NSFAS has approved you for funding and when you start receiving NSFAS allowances, it means NSFAS is also paying your tuition fees, registration fees, etc.
Does choosing a laptop mean that u won’t get LMA allowance for the whole duration of your studies?
No, it means an amount of your LMA allowances will be deducted to pay for the laptop on a monthly basis until you have paid the total amount for the laptop
I haven’t receive my monthly allowance for march,I’m a 1st year student at UJ APk
Try to make an inquiry from the Financial Aid Office in your institution.
i am still waiting on nsfas to verfy that i am already studying and awaiting funding how long will this take
You should get a response before applications or appeals are closed and you should keep checking your NSFAS status.
Why did I only received the incidental or personal care allowance in 2021 and not the living allowance of R1500 a month but was registered for 10 modules.
You have to contact the Financial Aid Office in your institution for enquiry.