What Does NSFAS ‘Provisionally Funded’ Mean?

By Felix G •  Updated: 10/03/24 •  5 min read

Provisionally funded NSFAS is a financial status within the National Student Financial Aid Scheme in South Africa. Today, we will explore what exactly provisionally funded NSFAS means. 

What is provisionally funded NSFAS?

When a student’s application for NSFAS funding is provisionally funded, it simply denotes that the application has been examined and the student meets the required standards for financial aid. However, it does not guarantee full funding for the student’s studies.

Most often, provisional funding usually happens when there are still additional verification processes or documentation requirements that must be completed by the student.

Once all requirements are met, and the required documentation has been submitted, the student’s provisional funding status will be reassessed, and full financial assistance for his studies will be provided.

However, if any issues arise during the verification process, the provisional funding may be revoked, and the student will need to address those concerns before their funding will be finalised.

How do you know when NSFAS has funded you?

To be sure whether NSFAS has funded you, kindly follow the step-by-step guidelines below:

How long does it take for NSFAS to release funds?

The time frame for the National Student Financial Aid Scheme to release funds can vary depending on many factors, including the specific circumstances, processes and policies in place.

However, NSFAS funds are often released during the first week of each month over a ten-month duration, but it takes close to 15 working days for the funds to reflect in your designated bank account.

How much is NSFAS allowance for 2024 per month?

NSFAS determines the allowances provided to students based on factors like level of study, type of institution, and individual circumstances.

The NSFAS funds often sponsor student’s accommodation, meals, books, and personal expenses.

Students who are being catered for by their university often receive R460 as study materials and incidental allowance and an approximate amount of R2000 as accommodation allowance, depending on the residential status of the student.

NSFAS also provides R1,500 for a living allowance which students mainly use to meet their personal needs, and a travel allowance of R625.

How long does NSFAS fund you?

The duration for which NSFAS(National Student Financial Aid Scheme) funds a student is based on many factors. Here are some factors that will determine how long you will be funded by NSFAS.

Does NSFAS fund you for an extra year?

Often, NSFAS is meant to provide funding for the minimum duration required to complete an undergraduate qualification. However, there are circumstances in which NSFAS may fund you for an additional year.

It is important to note that the decision to fund an additional year is not guaranteed and is subject to NSFAS policies and available resources.

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