Where can I get a student loan?
Are you looking for financial assistance to further your studies? The idea of a student loan may seem intimidating but researching your options will put your mind at ease and help you make an informed decision.
Are you looking for financial assistance to further your studies? The idea of a student loan may seem intimidating but researching your options will put your mind at ease and help you make an informed decision. You can choose from a range of public and private entities.
The institutions listed below could make higher education possible through their student loan and financial scheme options. Each entity or loan agreement has its own set of terms and conditions so a thorough investigation of application requirements and loan repayment methods is necessary.
Here are some options to help finance your studies:
The university financial aid office is a good place to start. However you can only apply for assistance at a university once you have applied or enrolled there. Most universities offer grants to students with excellent academic or sporting ability. Check with your university's financial aid office to find out if you qualify for their bursaries or awards.
The National Student Financial Aid Scheme (NSFAS) NSFAS is a government funded institution that offers loans to South African students wanting to study at public universities or technikons. Up to 40% of the loan can be written off if the student is academically successful enough. You can apply for NSFAS assistance at a university or technikon Financial Aid Bureau. Tel: 021 763 3232 Visit NSFAS website for more information
National Research Foundation (NRF) The NRF provides services and grants to support research and postgraduate research training that is vital to the development of South Africa. The NRF's task is to advance research in all fields of the humanities, social and natural sciences, engineering, and technology; including indigenous knowledge, and will support researchers in these fields. Tel: 012 481 4000 Visit the NRF website for more information
Fundi - Previously called Eduloan Fundi offers financing at all levels of study including school, university and college. The loan offering can cover outstanding balances, registration fees and study related items such as textbooks, laptops, tablets accommodation and other relevant study equipment. Tel: 0860 55 55 44 Visit the Fundi website for more information Banks Banks and private financial institutions are often more flexible with their qualifying criteria and are better equipped to offer personalised loan options. For example banks are more likely to cover your studies at a private institution as well as public educational facilities. However interest rates and repayment conditions on bank loans are generally more stringent. Make sure that you are clear on the terms and conditions before you agree to the loan.
Absa An Absa loan covers SETA and SAQA accredited studies that are three months or longer. Customers are also allowed to apply for a grace period after they have finished studying if they are not yet able to afford the repayment of their loan. Visit the Absa website for more information
Standard Bank Student loans are granted for a specific year of study and you will have to reapply for each year of registration.You can use the money from your student loan to pay for your tuition fees and accommodation (if you are a full-time student not living at home). The course and institution that you choose for your studies must be accredited by at least one of the following bodies SAQA, SETA; Umalusi; or the Department of Higher Education (DHE) Visit the Standard Bank website
Nedbank Your Nedbank student loan will cover costs for tuition fees, accommodation, books and study-related equipment. Nedbank offers competitive interest rates and flexible repayment terms, during and after completion of studies. There are varying options for full time, part-time or postgraduate students. Visit the Nedbank website
Alternatively visit our Bursaries Portal to find bursaries and scholarships
NSFAS provides fully subsidised free higher education and training for poor and working class South Africans through bursaries. NSFAS funding is available to TVET College students as well so what's the criteria for TVET students to be funded?
A Diploma in Grade R Teaching is the minimum qualification for Grade R teachers. The purpose of the Diploma in Grade R Teaching is to develop teachers who can demonstrate general principles, as well as focused knowledge and skills appropriate for Grade R teaching.
Most popular articles today
If you wish to become a part of UJ, apply now. The University of Johannesburg has transformed into a diverse, inclusive, transformational and collegial institution. At UJ, they commit themselves to leading, challenging, creating and exploring knowledge.
After Minister Blade Nzimande announces that he is working on a task team and says 'there is no free education for all', a Professor from Stellenbosch University comes to believe that there is a sustainable solution for the issue of free education, and a task team is not part of the solution.
Other people were also interested in:
Students are continuing their fight towards free education along with other demands as the National Shutdown is still in effect. 18 Universities have already joined protests and the South African Union of Students has said that this number will grow.
Recently the DA called for legal and disciplinary action against the 40 000 state workers who applied for the R350 Covid-19 relief grant while they were still earning full salaries. The Social Development Minister Lindiwe Zulu responded saying that she agrees that action must be taken against these individuals as they acted selfishly.