This represents a 7% increase in the number of students eligible for NSFAS bursaries over the fiscal year 2022.
“The figures provided above illustrate just how important the financial aid provisions from the State distributed through NSFAS have been over the years,” Nzimande elaborates by dividing the 2023 student allowances for university and TVET students as follows:· University managed and catered students will receive a R5,460 learning materials allowance and an accommodation allowance capped at R61,500. These are instances where the universities provide accommodation and catering.
· Living with relatives students will receive a learning materials allowance of R5,460, and R16,500 per annum living allowance. · TVET College managed own and leased self-catered accommodation will for the first time receive a living allowance of R6000, personal care allowance of R3,045 and a maximum R45,000 plus living allowance paid to TVET College.
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