Categories: University Admissions 2023

How to Activate Nsfas Wallet for 2024-2025

How to Activate Nsfas Wallet for 2024-2025

We have provided you with the steps necessary to register your wallet on this platform. After meeting the requirements for the 2024-2025 applications, you will receive your cash from the National Student Financial Aid Scheme (NSFAS).

The application deadline for 2023 is January 31, 2024.

Students may resubmit after withdrawing their application as long as they do so before the application deadline. As they progress through the NSFAS funding progression pathway, all students must reapply for funding. In practice, this means that a university student who is receiving funding for a “Certificate” Qualification NSFAS Category must reapply for funding whenever they expect to complete the “Certificate” qualification and would like NSFAS to fund their “Undergraduate” qualification.

How to Activate NSFAS Wallet

Prospective applicants are encouraged to follow the steps below to register or activate their wallet immediately after submitting the application form to the National Student Financial Aid Scheme (NSFAS)

Sign your LAF/ SOP.
Receive an SMS welcoming you to Mobile Wallet.
Verify your account by dialling *120*176# and reply with your ID number.
Receive a password that you will use when transacting.
Your vouchers will be made available for spending.

Benefits Recieve from NSFAS

Items	Cost/Benefits
Accommodation	As per the actual costs charged by the university (costs for private accommodation must not exceed costs for university residence)
Transport (up to 40 km from the institution)	R7 500 per annum
Living allowance	R15, 000 per annum
Book allowances	R5200 per annum
Incidental/personal care allowance	R2900 per annum for students in catered residences

TVETs COLLEGES

Items	Cost/Benefits
Accommodation in an urban area	R24,000 per annum
Accommodation in a peri-urban area	R18,900 per annum
Accommodation in a rural area	R15,750 per annum
Transport (up to 40 km from the institution)	R7,350 per annum
Transport	R7000 per annum
Incidental/personal care allowance	R2900 per annum