NSFAS Monthly Support for TVET Students: How much is it?

The National Student Financial Aid Scheme (NSFAS) is a South African government student financial aid scheme which provides financial support to disadvantaged students who wish to further their studies at public universities or TVET colleges.

One of the key components of this support is the monthly allowance provided to students. Let’s delve into the specifics of the NSFAS monthly support for TVET students.

NSFAS Monthly Support for TVET Students

In 2024, students funded by the NSFAS at Technical Vocational Education and Training (TVET) colleges will receive a significant increase in their living allowance. 

In a recent briefing, Blade Nzimande, the Minister of Higher Education, announced that NSFAS will allocate R1 billion from its financial reserves to TVET colleges.

The allowance will see an increase from R6,000 to R10,000. This is a part of the government’s ongoing initiative to establish equality between the university and TVET sectors.

How much is NSFAS Monthly Support for TVET Students?

TVET students residing in urban areas will be granted an annual allowance of R24,000, or a monthly allowance of R2,000. Those living in peri-urban areas will receive an annual allowance of R18,900, or R1,575 per month. On the other hand, students in rural areas will receive an annual allowance of R15,750, or approximately R1,312 per month.

Conclusion

The NSFAS plays a crucial role in supporting students from low-income families in South Africa. The increased allowances for TVET students in 2024 demonstrate the government’s commitment to improving access to education and reducing inequality in the education sector.