coming to universities as of June 2023.
NSFAS has confirmed funding for over 1 million students for the 2023 academic year. This is the first time the scheme will get to simultaneously disburse funding for tuition and allowances to such a large number of students. NSFAS has devised a system to cater for the ever-increasing number of beneficiaries, and to ensure that they receive allowances in a seamless and secure way through the new #NSFASBankAccount.
The #NSFASBankAccount was introduced in 2022 for students in TVET colleges and the great news is that it has now arrived for university students.
As of June 2023, university students funded by NSFAS will receive their allowances via the #NSFASBankAccount, enabling them to receive their monies directly from NSFAS.