Student Loans In South Africa
Education is certainly not cheap, with the cost of registration fees, tuition, accommodation (if your tertiary institution is far from home), textbooks, a laptop and other study materials. But there is no denying that in today’s society one cannot afford to not have a tertiary qualification.
There is of course the option of a bursary or scholarship award (which is the whole purpose of this website), but the truth is that there are just not enough bursary awards for all the students who need them.
Student Loans In South Africa
However, there is another option for students in financial need – a student loan.
Student Loans In South Africa
If you would like to find out more about study loans and how they work, please see our list of FAQ’s (frequently asked questions) relating to student loans below:
Student Loans In South Africa
1) What is a student loan?
Financial institutions will lend you the money to pay for your studies – you will then be required to service the interest while you are studying, and pay back the capital once you have graduated.
A student loan is paid directly to the financial institution where you are undertaking your studies (they will require proof that you have been accepted and registered to study).
If you are studying full-time (thus not employed), someone will be required to stand surety for you and service the interest on your loan while you study – usually a parent or guardian.
Student Loans In South Africa
2) What loan amount can I apply for?
This depends on the financial institution and the cost of your tuition and other study expenses.
Student Loans In South Africa
Student Loans In South Africa
3) What expenses can a study loan cover?
The loan can be used to cover your tuition fees, as well as accommodation for full-time students, textbooks, equipment and other education related expenses.
This may differ between financial institutions.
What is the difference between a NSFAS student loan and a NSFAS bursary?
4) How do I qualify for a student loan?
You will have to provide that you have been accepted to study and that you have someone to stand surety for paying back the loan.
Student Loans In South Africa
5) Where can I get a student loan?
We have compiled a comparison of the top financial institutions in South Africa that offer student loans:
Student Loans In South Africa
Standard Bank Student Loan
ABSA Student Loan
FNB Student Loan
Nedbank Student Loan
The Eduloan Bursary Program South Africa
See Also:
COMPUTER SCIENCE | IT BURSARIES
CONSTRUCTION | BUILT ENVIRONMENT BURSARIES
UNIVERSITIES IN SOUTH AFRICA | UNIVERSITY-SPECIFIC BURSARIES
INTERNATIONAL BURSARIES
The Ultimate Guide to Scholarships in South Africa
Ultimate Guide to Internships in South Africa
Government Learnerships
Available Learnerships In South Africa
More On Scholarships for Students
Scholarships for international students in the USA
Scholarships for developing countries
Scholarships for International Students
Complete Guide to Scholarships
Nursing Scholarships
How to Apply for Scholarships Online
Study Abroad Scholarships
Scholarships for College Students
Scholarships for International Students
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