Tips On Financing Your Studies


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Several funding opportunities are available for students who cannot pay for their studies out of pocket. From NSFAS funding at universities to finding a part-time job, here are some tips from Oxbridge Academy on financing your studies.


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Getting a tertiary education can be an expensive endeavour that must be well-planned. That is why enrolling at Oxbridge is such a good option, as we already provide quality education at an affordable cost.

Several funding opportunities are available for students who cannot pay for their studies out of pocket. From NSFAS funding at universities to finding a part-time job, we provide you with a helpful list of funding options:

University Bursary/Scholarships

This should be the first place you start looking, as universities often make funds available to help their students in financial need. A scholarship is a monetary award given to a student based on academic success, whereas a bursary is awarded based on financial need.

Did you know that scholarships are not loans; therefore, you don’t need to pay them back? Contact the financial aid office at your chosen institution.

The National Student Financial Aid Scheme (NSFAS)

NSFAS is a good alternative for those who do not qualify for university grants. The government, foreign donors, and the corporate sector contribute money to these funds.

The successful candidate receives financial aid as a bursary. NSFAS provides bursaries to students at 26 public higher
education institutions and 50 technical and vocational education training colleges. NSFAS usually has an office that you can visit on campus.

Student Loans

The next option you will have would be to get a student loan. All the leading banks (Absa, FNB, Nedbank, Standard Bank) provide these loans to those in need. These lenders pay the study fees directly to the tertiary institution, and the funds are subsequently repayable by the student through salary deductions or debit orders.

Knowing how the loan you are applying for charges interest is critical because interest rates vary. If you apply for the loan, you must have someone sign surety, which means that person will step in and take over loan repayments when needed.

Work Part-Time

Part-time work is aimed at a wide range of people and is particularly suitable for students. Studying full-time and working part-time is not for the faint-hearted and undertaking both takes a lot of commitment. Part-time jobs are flexible, allowing you to work fewer hours per week, and you will often have different shifts.

Find Out More About Oxbridge Academy

 

Suggested Article:

Certain requirements must be met when applying for student loans.

Pursuing higher education from tertiary institutions does not come cheap. Applying for a student loan might be the solution to make your academic dreams come true. Here are the requirements for taking out a student loan. 

 






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Post-Matric Options

 

We helped you with past papers for your matric exams, so hopefully you are happy with your Matric results. So now you are faced with a lot of post-matric options that can shape your future paths. You might want to study law, teaching, or nursing. Of course studying is expensive so we have helpful advice about student loans, NSFAS bursaries, Fundi loans, ISFAP, and lots of other funding options.

These options range from pursuing higher education at universities , TVET Colleges or  private colleges, finding student accommodation, entering vocational training programs (like Learnerships and internships), joining the workforce, or even starting your own business. There are so many choices but we are here to help.

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