Student Loans

Taking out a personal loan is a risky but viable option when you find yourself in a cash crisis. A loan can be a lifesaver if you’re able to pay back the money of course.

Student loans were developed to help poor or previously disadvantaged
students access higher education, but is this a sustainable system for
administering funds to young people?


You may have read recently that NSFAS would be changing the way applications worked. The organisation has adopted what they call a Student Centered Model, completely overhauling the applications system. So what does this mean for you?




The National Student Financial Aid Scheme (NSFAS) has opened online applications for 2016 financial aid for poor and deserving students from 17 August 2015 and will close on 30 November 2015.

There are so many possibilities out there for you and with Standard Bank those possibilities can become a reality. Standard Bank offers student loans to help take care of your study expenses, while offering a competitive interest rate. But there is more, they currently have a great competition running alongside their student loans as well. And you could stand to win!

Fasset, Sector Education and Training Authority (Seta) for Finance, Accounting, Management Consulting and other Financial Services, launched an innovative Loan Repayment Grant for NSFAS (the National Student Financial Aid Scheme).


Your study loan instalments may be manageable, but are you aware of your total cost of study, or even what interest rate you are paying? Too often, cash-strapped students opt for low payment options with high interest rates, without taking into account their working years, or the repurcussions on their careers.


There are many world-renowned universities in South Africa from which you can get an education. But, also expect to pay between R10 000 and R20 000 for each year of undergraduate study – and if you’re pursuing a specialised degree, such as medicine or engineering, it may cost you more.


If you’ve decided to get financing from a South African bank, you’ll need to fit certain requirements before you can take out a study loan.



Subscribe to Student Loans

Copyright: Portal Publishing cc | Privacy Policy | Terms of Use
Skills Portal | Careers Portal | Jobs Portal | Bursaries Portal | HR Portal | Skills Universe