NSFAS to receive payments in the Scheme’s Mastercard. Photo: National Student Financial Aid Scheme (NSFAS)/ Facebook
KUZOBA LIT! Friday means NSFAS student ‘Pay Day’
NSFAS has announced that it will be making the first payment of allowances through its Bank Account tomorrow.
NSFAS to receive payments in the Scheme’s Mastercard. Photo: National Student Financial Aid Scheme (NSFAS)/ Facebook
The National Student Financial Aid Scheme (NSFAS) has announced that it will be making the first payment of allowances through the #NSFASBankAccount this Friday, 30 June 2023.
NSFAS READY TO MAKE PAYMENTS TO STUDENT CARDHOLDERS
According to NSFAS, this payment of allowances will be for all students that have their registration data successfully linked and have registered for an account.
“Students who have not onboarded, we encourage you to do so urgently for NSFAS to pay your allowances.”
NSFAS
ALSO READ: Minister Dr Blade Nzimande introduces NSFAS Mastercard
MINISTER NZIMANDE ANNOUNCES NEW ALLOWANCE PAYMENT METHOD
Last year (2022), Dr Blade Nzimande, the Minister of the Department of Higher Education and Training, Science and Innovation, introduced the NSFAS Mastercard for the scheme’s beneficiaries this year (2023).
ALSO READ: About 100 students march to NSFAS over funding troubles
This after he officially announced the 2023 National Student Financial Aid Scheme funding applications on 27 September 2022, which consisted of a few improvements, including a new payment method.
ALSO READ: NSFAS to spend R47.3 billion in student funding
Nzimande explained that the plan is to have all beneficiaries at universities and TVET colleges receive their allowances and transact through the NSFAS Mastercard.
“Before becoming [this] Mastercard holder, you are to be a fully registered student,” Minister Nzimande advised.
ALSO READ: LOOK: NSFAS goes modern with new bank accounts for student allowances
EAGER TO TRY THIS TRANSACTIONAL ACCOUNT?
Do you ‘sbwl’ to receive your funding in the #NSFASBankAccount as a registered university student?
Well, it’s simple if you correctly follow these guidelines:
- You will need to complete the onboarding process to receive your allowances directly through the #NSFASBankAccount.
- Visit www.nsfas.org.za now and check your institution on the list, select ‘[Register here’ and proceed to onboard yourself.
