Starting your tertiary education journey can be both exciting and stressful, particularly if you’re yet to secure funding to pay your tuition fees. There are several organisations that help students find the right funding, and Student Hero is one of them.
Student Hero is South Africa’s largest student finance facilitator that partners with educational institutions and funding providers to help students learn about, apply, and qualify for study funding. This is all done from a single online platform and does not include any costs.
The organisation acts as the middleman and aims to help students, parents, or guardians find funding whether it be in the form of a bursary, scholarship or student loan.
Student Hero says that a finance provider will look at mainly two things to determine if an applicant can qualify for finance, the applicant's affordability, and their credit score.
“A funder will want to see that an applicant can afford the monthly finance instalments. Affordability is calculated by deducting your fixed expenses, such as rent, essential living expenses and other credit commitments from your Net income, the surplus has to be more than the finance instalment," explains the financial aid provider.
Students do not have to be registered at an institution before engaging with Student Hero (unlike other financial aid schemes such as NSFAS, for example), and are encouraged to reach out to Student Hero as soon as possible.
The following certified documentation has to be submitted to Student Hero for your application to be processed and sent to funders for further consideration:
For the Student
- Clear Copy of the Student's ID document
- Latest available Academic Results or National Senior Certificate (NSC)
- Education Institution's Letter of Acceptance
- Education Institution's Proforma Invoice or fee schedule/statement
For the Sponsor
- Clear Copy of the Sponsor's ID document
- Latest Three (3) Months' Personal Bank Statements
- Latest Three (3) Months' Payslips
- Proof of Residence
Should you have any further questions or wish to apply for study financing, you can submit your details on the Student Hero funding portal linked on the Student Hero website.
