What Exactly Is an NSFAS Cash Voucher?
NSFAS cash vouchers are used by students who access their funds through the NSFAS Wallet. These vouchers are a form of financial aid for students who qualify for NSFAS funding but are facing issues with receiving direct deposits. In such cases,
NSFAS issues a cash voucher, which can be redeemed at participating retailers.
The amount on the voucher is based on the student’s financial need and funding allocation.
These vouchers are intended for covering education-related expenses like tuition, textbooks, and accommodation.
It’s important to note that NSFAS cash vouchers:
Can only be used at specific retailers.
Cannot be exchanged for cash or used for non-education-related purchases.
Have an expiration date, so students must use them before they expire.
NSFAS Wallet is primarily used by TVET College students to manage their allowances, and cash vouchers are created to withdraw cash from the NSFAS Wallet.
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