If you are an NSFAS-funded student who has been waiting to receive your allowance for August, you will be pleased to know that it is only a matter of time, before the National Student Financial Scheme (NSFAS) gives you what is due to you. This is what they have had to say about the processing of funds for the current month.
It is understandable to count yourself as fortunate if you are among the tertiary students who are currently funded by the National Student Financial Aid Scheme (NSFAS). That is due to how essential financial aid is to your ability to complete your studies.
August NSFAS Allowance To Arrive Soon
The bursary scheme covers a variety of student expenses such as accommodation, transport, living allowance, book allowance as well as an incidental/ personal care allowance.
However, according to the bursary scheme’s social media page it appears that there are qualifying students who are yet to receive their allowance for the current month of August.
In response to a student’s query relating to the delay, the bursary scheme has stated that allowances for August 2022 are currently being processed.
Hi @PhilaniMzizi thank you for tweeting to us. Please kindly note allowances are currently being processed. TQ
NSFAS is the government’s way of ensuring that there are minimal to no financial barriers to entry for disadvantaged students who wish to study at one of the country’s public universities or TVET colleges.
NSFAS is mandated by the Higher Education Department and is supported by government funding as well as local and international donations. NSFAS has come a long way over recent years, with millions of students attaining their tertiary qualifications through their student funding.
Additionally, NSFAS has since confirmed that as of 24 June 2022, 691 432 tertiary students are funded by the bursary scheme with 462 983 of them being female and 227 072 being male.
They have also introduced and implemented a series of changes to ensure that all NSFAS-funded students meet the bursary scheme’s eligibility requirements