Yes, NSFAS will facilitate student allowance payments for November 2024, but the method of disbursement has been adjusted.
How NSFAS Allowances Will Be Paid for November 2024
For the 2024 academic year, including November, a significant change has been implemented regarding how National Student Financial Aid Scheme (NSFAS) allowances reach students. Rather than direct payments from NSFAS to students, universities will now manage the disbursement of these allowances.
This revised approach stems from agreements made between Universities South Africa (USAF) and the NSFAS Administrator. Under this arrangement:
- NSFAS's Role: The National Student Financial Aid Scheme will continue its core function of disbursing funds to tertiary institutions. These disbursements will be based on verified student registration data provided by the universities.
- Universities' Role: Universities will take on the responsibility of managing the actual allowance payments to eligible students. This means that students will receive their allowances directly from their respective universities.
This system aims to streamline the payment process and ensure that students receive their necessary financial support through their academic institutions.
Summary of Roles
To clarify the responsibilities for November 2024 allowance payments:
| Entity | Primary Role for November 2024 Allowances |
|---|---|
| NSFAS | Disburses allowance funds to universities based on verified data. |
| Universities | Manages and distributes allowance payments to students. |
This ensures that while NSFAS remains the primary funding body, the final step of payment delivery is handled by the institutions where students are registered.
