Through unique partnerships with universities, colleges, corporates and government, MANATI offers low-interest study loans that make further studies possible for the vast majority of students who would otherwise be unable to afford or secure the necessary funding.
We sat down with MANATI's co-founder and CEO, Riaan Jonck to learn more about what the MANATI funding will cover.
What is MANATI?
MANATI offers student loans with low interest rates so that paying your fees isn't something to stress about. This is made possible through unique partnerships with universities, colleges, corporates and government.
Students receiving funding through Manati enjoy fixed instalments during their studies and benefit from low-interest rates on their loans.
Manati also believes that institutions directly benefit from their funding model. Student loans provide institutions access to students from an untapped market who would not have pursued education without the loans.
What does the MANATI student loan cover?
A student loan from MANATI would cover tuition fees and any other books and materials typically needed by students. It would fund anything to do with education, apart from accommodation.
MANATI hopes to one day be able to cover accommodation costs as well.
Some of the institutions that we work with, we do the accommodation for as well but it's far between, very few of them do that but it's a good start.
Missing Middle Students
Missing middle students refer to the students who can't qualify for NSFAS but also can't afford to pay for their own fees. MANATI would then be an option for them.
Jonck said, "I've seen so many missing middle students looking for an alternative way of funding where NSFAS has rejected them. They're not eligible for a banking loan, things are just not coming up for them so these alternative funding platforms have, daily, changed thousands of students lives".
