What are the new updates for NSFAS 2023?
The amendments agreed upon include:
For the 2023 academic year, university students are required to pass with a 50% passing rate. In addition to the increase in living allowances, a personal care allowance of R3 045 will be added to the allowances, making them R16 500 (including personal care at R3 045).
What is new about NSFAS?
As of 13 January 2023, NSFAS deployed its staff members to institutions across the country to assist with funding related issues, data exchange processes with institutions to ensure seamless data integration and the registration of students onto new NSFAS direct payment systems.
How much is the new NSFAS allowance?
Students who are managed by a university, but self-cater will receive a learning materials allowance valued at R5 460, a living allowance of R16 500 per annum, and an accommodation allowance at a capped amount of R45 000.
Did NSFAS increase 2023 allowance?
South Africa’s National Student Financial Aid Scheme (NSFAS) has announced it will increase students’ living allowances by 10%. The increase will be backdated to the beginning of the 2023 academic year, reports Faizel Patel for The Citizen.
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