NSFAS

Nsfas TVET College Students Allowence 2023

Blade Nzimande, Minister of Higher Education, Science and Innovation, says the government has allocated R47 billion to fund NSFAS beneficiaries this year.

Nsfas TVET College Students Allowence 2023

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Compared to fiscal year 2022, this represents a 7% increase in the number of students eligible for NSFAS bursaries.

Over 60% of undergraduate students in our public university system receive funding from these qualifying students, according to the Minister. TVET colleges also offer bursaries to over 90% of their students.

More About NSFAS To Fund Over 90 000 Students in 2023

The figures provided above illustrate the importance of the state’s financial aid provisions through NSFAS over the years,” Nzimande elaborates by dividing the 2023 student allowances for university and TVET students as follows:

University students’ allowances
TVET students allowances

Allowances for TVET students

The TVET College will only receive an accommodation allowance of R54,045 per year for its own catered residenceFor the first time, TVET College will receive a living allowance of R6000, a personal care allowance of R3,045 and a maximum of R45,000 plus living allowance.

In addition to a R6000 living allowance, TVET students in private accommodation will receive a R3,045 personal care allowance and a R45,000 accommodation allowance per year.TVET students residing less than 10 km from the College (from 0 km to 9.9 km) will receive a R6000 living allowance, a R3,045 personal care allowance, and a R7,718 travel allowance.

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