How much money does NSFAS pay for accommodation? Get details about the Nsfas on How much does NSFAS Pay For Off-Campus Accommodation?
How much does NSFAS pay for accommodation?
The amount of NSFAS accommodation allowance varies depending on several factors, including:
- Your institution: Different universities and TVET colleges have varying living costs. NSFAS considers these differences when determining the allowance amount.
- Your study location: If your institution is located in a major city with a higher cost of living, you can expect a larger allowance compared to a rural area.
- Your accommodation type: NSFAS provides more funding for students residing in accredited institutional residences than those in private accommodation.
- Your registration period: The allowance amount may differ depending on whether you’re registered for a full academic year or just one semester.
It’s important to note that NSFAS has a set maximum allowance for accommodation.
You won’t receive more than that amount, even if your actual accommodation costs exceed it.
Nsfas does pay for these types of accommodation:
- Institution owned off-campus residences
- Institution owned on-campus residences
- Institution leased private accommodation
- Private off-campus accredited accommodation
- Accredited private residences
All institution owned or leased, as well as private accommodation, will be capped at R45,000 per academic year. Private accommodation allowances will be required to be paid directly to private accommodation service providers by Nsfas or institutions.
