NSFAS Increases Students’ 2023 Living Allowance By 10%
By providing financial assistance, the NSFAS program helps South African students access tertiary education. Bursaries and loans are among the financial assistance options available to applicants. Over the past few years, NSFAS’s allowances for students have undergone a lot of changes. NSFAS news about allowances is included in this article.
NSFAS Increases Students Living Allowance By 10%
This increase is considered significant because student allowances have not been increased for the past three years.
South African National Financial Aid Scheme (NSFAS) students will receive an increase of 10% in their living allowance.
The scheme announced on Saturday that payouts would be backdated to the start of the 2023 academic year.
Student protests at some universities have been sparked by cuts to university accommodation funding and historical debt.
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This increase is considered significant because student allowances have not been increased for the past three years.
Additionally, it acknowledges the impact of inflation on the livelihoods of disadvantaged students.
As a result of a proposal submitted to the Minister by the South African Union of Students, the increase was approved.
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