Answer to Question #224104 in Accounting for Lee

Question

Hi I can't seem to find other answers on the above explaination e.g (b), (c) and (d). About expenses covered by nsfas? , cut-off dates for application for nsfas funding in 2021 for the year 2022? Website where you find the information

Answer 1

Solution:

The National Student Financial Aid Scheme (NSFAS) is a financial aid scheme that issues higher education funding to needy South African students who would like to study at TVET Colleges or public universities. For you to qualify under NSFAS funding, your combined household income should be under R350,000 per year or a SASSA grant recipient.

The NSFAS covers the following expenses when you are attending a university or a TVET College, or for students with a disability:

·        Student accommodation.

·        Transport within 40km of the university.

·        All meals will be covered if living on student residence.

·        Incidental or personal care allowance.

·        Book allowances.

·        Assistive devices such as hearing aids, wheelchairs, and support aids for students with disabilities.

 

The cut-off dates for application for NSFAS funding in 2021 for the year 2022 are between 1^st September 2021 and 30^th November 2021.

The NSFAS application for 2022 will be opening on 1^st September 2021 and close on 30^th November 2021.

 

References:

What does the NSFAS bursary cover? (2020, November 16). Bursaries Portal. https://www.bursariesportal.co.za/content/what-does-nsfas-bursary-cover

CUT NSFAS online application 2021-2022. (2018, April 22). Nafacts.com. https://nafacts.com/cut-nsfas-online-application/