The National Student Financial Aid Scheme (NSFAS) has officially confirmed how TVET college students will receive their allowance payments in 2025, including those due in June 2025. Following recent reforms to improve efficiency and reduce delays, NSFAS is maintaining its direct payment model using students’ personal bank accounts.
This development is part of NSFAS’s broader effort to modernise its systems, enhance accountability, and ensure students receive timely and uninterrupted financial support.
How Will TVET Students Receive Their June 2025 NSFAS Allowances?
TVET students funded by NSFAS will continue to receive their monthly allowances via direct deposit into their own bank accounts. This system was first introduced in 2024, replacing the previously outsourced payment model that involved third-party service providers.
NSFAS confirms: “The allowance payment channel for TVET college students remains through their bank accounts.”
This direct payment method is:
- More reliable – reduces missed and delayed payments
- Cost-effective – eliminates fees charged by service providers
- Empowering – gives students greater control over their funds
What Students Need to Do to Receive Their June 2025 Allowance
To receive allowances on time, students must meet the following conditions:
- Be approved for NSFAS funding
- Be registered for an approved 2025 programme
- Ensure their registration data has been submitted to NSFAS by the college
- Upload accurate banking details on the myNSFAS portal
How to Upload or Update Your Bank Details
If you’re a newly funded student or need to change your banking information, follow these steps on the myNSFAS portal:
- Visit the myNSFAS portal
- Log in using your NSFAS username and password
- Click on “Bank Account Details” under “Profile Information”
- Enter your correct bank account details (must be in your name)
- Click “Save” to submit the update
Tip: Ensure your bank account is active and registered in your own name. NSFAS will not pay into third-party accounts.
Open a Bank Account Early
If you’re a new NSFAS-funded student and don’t yet have a bank account, you are encouraged to open one as soon as possible at any South African bank. This ensures you’re ready to receive your allowance without delays.
“Colleges should encourage new NSFAS-funded students to open bank accounts at any South African banking institution,” NSFAS advises.
Don’t Miss Out on Your June 2025 Payment
With allowance payments scheduled monthly from February to November, students must ensure their profile is complete and banking details are up to date. Delays in submitting or verifying these details could result in late payments.
Final Thoughts
The direct-to-bank model for TVET NSFAS allowances is a significant step forward for financial aid distribution in South Africa. It promotes accountability, speed, and reliability — provided students take the necessary steps to keep their information current.
Whether you’re a returning student or receiving NSFAS for the first time, ensure your banking details are correctly submitted to avoid missing your June 2025 NSFAS allowance.