Last updated on February 13th, 2023 at 03:19 pm
Do you want to know the NSFAS allowance payment dates 2023? Have you been approved for NSFAS funding for the 2023 academic year?
Congratulations on your win for getting funded by the National Student Financial Aid Scheme for the 2023 academic year.
Now that you’ve been approved to receive funding, the next important thing to know is the dates of allowance payments.
And we assume that is why you’re on this page.
In this article, we’re discussing NSFAS allowance payment dates for 2023 academic year, types of NSFAS allowances that you’ll receive in 2023, etc.
We’ll also look at other frequently asked questions (FAQs) related to NSFAS allowances payment dates.
So let’s get started.
NSFAS Allowance Payment Dates 2023
The National Student Financial Aid Scheme pays student allowances in the first week of each month for a period of 10 months.
NSFAS allowance payment dates for 2023 are scheduled. Your allowance money is paid to you in a disbursement process where you receive the allowances on a monthly basis.
This means your NSFAS allowances will not be paid in a combined amount for the whole year in which you’ll be getting the funding.
Below is the 2023 NSFAS payments allowances disbursement.
|NSFAS Allowances Categories
|NSFAS Monthly Allowances for 2023
|Learning Materials (Books)
|Amount based on what your institution charges
This is how your NSFAS allowances for 2023 will be disbursed.
Note that from 2023, NSFAS will pay accommodation allowances to only accredited accommodation. Therefore, you should make sure that your landlord is an accredited NSFAS partner to offer private accommodation to NSFAS students.
On the other hand, you don’t need to do anything if you’re using your institution’s public accommodation.
Now that we know the monthly amounts of money that you’ll receive as NSFAS allowances for the 2022 academic year, let’s look at some of the frequently asked questions bout NSFAS allowances 2023.
When Can I Expect My NSFAS Money 2023?
NSFAS pays allowances to students in the first week of every month. NFAS begins to disburse students’ allowances to their NSFAS Wallets in the first week of the month.
The disbursement of the allowances is not simultaneous for all students. This means your friend may receive his or her allowances earlier than you.
However, you’ll receive yours in the same first week of the month and you shouldn’t be worried thinking that you’ll not be paid when your colleagues get theirs earlier.
For more details and explanation, read When Will NSFAS Release Allowances For 2023
How Does NSFAS Pay Allowances?
NSFAS funding money is divided into two payment modules. The funding that goes to the appropriate offices (tuition and registration fees) and the funding that goes straight to your NSFAS Wallet (your NSFAS allowances.)
Payments for your registration fees, tuition fees, and accommodation are paid directly to the appropriate offices.
Also, NSFAS pays your personal allowances like travel allowance, living allowance, incidental allowance, etc directly into your NSFAS wallet.
You can then spend your NSFAS allowances once they are sent into your wallet.
We recommend that you read How Do I Withdraw Money From NSFAS Wallet for the easy guide to cash out your money from your NSFAS wallet.
Are NSFAS Allowances Increasing In 2023?
No, the National Student Financial Aid Scheme (NSFAS) has not officially made a statement about a possible increase in NSFAS allowances for 2023.
You should disregard any publication that speculates information about the NSFAS allowance increase in 2023. It’s not true.
How Do I Get My NSFAS Allowance?
In order to get your NSFAS allowance, you’ll have to activate your NSFAS wallet.
You should go to How To Activate NSFAS Wallet for the easy step-by-step guide to help you to activate your wallet in order to receive your NSFAS allowances.
Can NSFAS Pay Some Students More Allowances?
There are many factors that come to play in the payments of NSFAS allowances, especially the payable amounts.
For example, payment of NSFAS transport allowances may differ depending on the distance a student takes to go to school.
A student who takes up to 40 KM from school to his or her resident accommodation will get R625 as a monthly travel allowance.
Also, NSFAS payment of registration fees for students differs since the payable amount of the registration fee is defined by each institution.
The same applies to accommodation fees and tuition fees.
NSFAS allowance may differ from institions
How Much Can I Withdraw From My NSFAS Wallet?
Even though, you have absolute control over your NSFAS allowances once they are deposited into your wallet. However, NSFAS does not allow you to spend the money anyhow.
That is why you need to know How Much Can You Withdraw From NSFAS Wallet? so that you keep your wallet safe.
www.nfas.org.za is NSFAS webpage.
We do hope this article on NSFAS allowance payment dates was helpful.
You can ask your questions in the comment.