How Many Months Does NSFAS Pay?
How Many Months Does NSFAS Pay? What is the payment cycle for NSFAS?
The National Student Financial Aid Scheme (NSFAS) plays a crucial role in making higher education accessible to South African students who face financial constraints. NSFAS provides financial assistance in the form of loans and bursaries to eligible students, enabling them to pursue their dreams of higher education. One common question that often arises among NSFAS beneficiaries is, “How many months does NSFAS pay?”
When will I receive my NSFAS allowances? What is the payment cycle for NSFAS?
***NSFAS allowances will be paid during the first week of each month over a period of 10 months.
Payments of NSFAS Allowances – Dates for 2024
First Semester:
- Cycle 1 – All Campuses Monday 06 February 2024
- Cycle 2 – All Campuses Monday 06 March 2024
- Cycle 3 – All Campuses Monday 03 April 2024
- Cycle 4 – All Campuses Tuesday 02 May 2024
- Cycle 5 – All Campuses Monday 05 June 2024
Second Semester:
- Cycle 6 – Medical School Monday 03 July 2024
- Cycle 6 – All Other Campuses Friday 07 July 2024
- Cycle 7 – All Campuses Tuesday 01 August 2024
- Cycle 8 – All Campuses Monday 04 September 2024
- Cycle 9 – All Campuses Monday 02 October 2024
- Cycle 10 – All Campuses (Final payment for 2024) Monday 06 November 2024
Who can appeal?
A student whose application for financial aid is rejected or the financial aid for a continuing student is withdrawn, may lodge an appeal with the NSFAS.
- The appeal decisions are subject to budget availability.
- Appeals will only be considered for students who have applied to NSFAS for Financial Aid.
Who cannot appeal?
Students are not permitted to appeal if they:
- Are registered for a qualification that NSFAS does not fund;
- They have reached N+2 (or N+3 in the case of students with disabilities).
- The student is a gap year student whom NSFAS previously denied financial aid to because s/he did not meet the academic eligibility criteria.
- If the institution has not submitted its registration record to NSFAS or has submitted an incorrect registration record such enquiries should be directed to the institution.
NSFAS provides financial support to South African students through loans and bursaries. The payment duration for NSFAS funding programs can extend throughout the academic year, disbursed on a monthly basis to cover various expenses. To ensure continued support, beneficiaries must meet academic requirements and adhere to application and documentation deadlines. Understanding the NSFAS payment duration is crucial for students planning their finances while pursuing higher education in South Africa.
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