Will NSFAS Pay For January 2024

When can I expect my NSFAS payment 2024, Will NSFAS Pay For January 2024

As the new year approaches, students across South Africa eagerly anticipate the January 2024 NSFAS payment date. For many South African students, the dream of pursuing higher education rests heavily on the support provided by the National Student Financial Aid Scheme (NSFAS). NSFAS plays a key role in shaping the educational landscape of the nation. However, will NSFAS pay for January 2024? find detailed explanations below and other related topics such as semester payment dates how to receive your allowances and many more.

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Will NSFAS Beneficiary Receive Allowances In January?

NO

The first allowance payment is in February/March each year.

When is the Allowance Paid By The NSFAS?

Monthly NSFAS allowance payments are made. These are typically handed out in the first week of each month for ten months during the 2024 cycle. Please take note that not all students receive their allowances at the same time, so don’t worry if your friend receives theirs before you.

The 2024 Cycle dates for payments are as follows:

First Semester

• Cycle 1 – All Campuses………    06 February 2024
• Cycle 2 – All Campuses ………. 06 March 2024
• Cycle 3 – All Campuses …………03 April 2024
• Cycle 4 – All Campuses …………  02 May 2024
• Cycle 5 – All Campuses…………. 05 June 2024

Second Semester

• Cycle 6 – Medical School……………. 03 July 2024
• Cycle 6 – All Other Campuses……… 07 July 2024
• Cycle 7 – All Campuses……………….. 01 August 2024
• Cycle 8 – All Campuses………………. 04 September 2024
• Cycle 9 – All Campuses………………..02 October 2024
• Cycle 10 – All Campuses (Final payment for 2024) ……..06 November 2024

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How To Receive NSFAS Allowance Through Wallet

You can make cash withdrawals and/or purchases at any NSFAS-registered merchant using your NSFAS Wallet. The amount of your allowance is decided after consulting with the relevant institutions and is shared with NSFAS upon registration.

• After NSFAS creates your NSFAS Wallet account, you’ll get a “Welcome” SMS telling you to confirm your account.
• Since this is the number we will use to deposit your funds, make sure you always have access to the cell phone number you gave NSFAS when you applied.
• If you would like to take out cash, you can do so at any of our participating merchant locations, including Checkers, Boxer, U-Save, and certain Spar stores. Keep in mind that the daily cash withdrawal limitations for these stores range from R200 to R1000.
• You can spend as much money as you like at a registered retailer, up to the entire amount in your cash wallet.