The National Student Financial Aid Scheme (NSFAS) has unveiled a new allowance card for 2023. The card is aimed at simplifying the payment process for students who receive financial aid from NSFAS.
Starting from the 2023 academic year, NSFAS will be issuing the new card to eligible students. The card will be used to receive funds for allowances, such as food, accommodation, and books.
The new NSFAS allowance card will be linked to a student’s personal information, including their NSFAS account details and contact information. This will allow for a more streamlined payment process, as students will no longer need to go to the bank to access their funds.
The card can be used at a variety of merchants, including supermarkets, bookstores, and accommodation providers. Students will be able to check their balances and transaction history on the NSFAS portal or through the USSD code 134176#. The card will also come with enhanced security features to protect against fraud and theft.
According to Dr. Randall Carolissen, NSFAS Administrator, the new card is part of NSFAS’ ongoing efforts to improve the student experience and ensure that students receive their financial aid in a timely and efficient manner.
“We understand that financial aid is a critical lifeline for many of our students, and we are committed to making the payment process as simple and seamless as possible,” said Carolissen. “The new NSFAS allowance card is just one of the many initiatives we are implementing to support our students and help them succeed in their studies.”
To be eligible for the new NSFAS allowance card, students must be registered with NSFAS and have been approved for financial aid. They must also have a valid South African ID or passport.
The rollout of the new NSFAS allowance card is set to begin in early 2023, with the aim of ensuring that all eligible students receive their cards in time for the start of the academic year.
In conclusion, the new NSFAS allowance card is a welcome development for students who rely on financial aid to support their studies. The card will simplify the payment process and provide students with greater flexibility and security when accessing their funds. If you are a student who receives financial aid from NSFAS, be sure to look out for further information on the new card and how to receive it.