How Long Does Unisa Refunding Take?

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Beneficiaries of the government bursary system get monthly payments to help them pay for their university education. These allowances and reimbursements, however, are issued by the institutions students attend, which may require days of waiting.

The University of South Africa (Unisa) has announced that it would pay student allowances and refunds using a new Electronic Funds Transfer (EFT) function.

The National Student Financial Aid Scheme provides these allowances and reimbursements (Nsfas). Nsfas allowances will be processed by Unisa twice a month. Each month, students may get their allowance in the beginning and last weeks.

Unisa said refunds can take up to 15 days to reflect in a student’s account. This is on condition that the student qualifies for a refund and has updated their banking details.

Here Are the Procedures That Unisa Will Follow When Paying Nsfas Allowances

If a student is eligible for a refund and/or allowance, an email including all the necessary information and a secure link to a website where the necessary banking information must be input and submitted will be sent to the student’s myLifemail account.

Students must carefully read the email before clicking the link that will allow them to enter and submit their banking information. Students should only utilize their active bank accounts, according to Unisa. Payments to accounts belonging to other parties are not accepted and won’t be handled. The account information will be compared to the student ID number for verification.

The verification status of the information that the students provided will be shown. This might not happen right away. Students are recommended to check the URL again until this data becomes available.
Students must enter their banking information again and double-check it is accurate if the bank account verification is unsuccessful or denied.

Unisa is South Africa’s largest distance learning university. They offer a wide range of courses which you can apply to be part of for the 2023 academic year.