Student loans are types of financial solutions designed to help potential students further their education in the universities and colleges. As you may know or have experienced, after completing your grade 12, you need funding to get yourself access to higher education and trust me, the fees can be un-affordable.
Many students end up applying for personal loans in order to pay for their tuition fees which is not advised or a good way of going about getting funding for your higher education. The first thing you can do as a qualifying students, see if you can’t find a bursary from any provider in South Africa. If that doesn’t work, then you can move towards applying for student loans you can afford.
What do these student loans cover?
Student loans are meant to cover basic necessity of a student. These loans are mainly provided by major South African banks and government institutions. The loan needs to cover the following:
- Tuition Fees
Depending on the institution offering the loan, they may offer you even more benefits such as providing you access to computers, ipads or any other digital study materials.
Student loans you can afford
NSFAS – the National Student Financial Aid Scheme offer loans to students who cannot affort to pay for study fees. It mostly covers potential students coming from low income earners families. Students are required to pay back the loan after studies when working to ensure availability of funds for future generations.
For more information, please visit – www.nsfas.org.za
Eduloan – Student loans by Fundi, South Africa’s leading education finance and education fund management solution specialist. We are the only credit provider that focuses on providing funds for education. The institution assist over 850 000 students with education funding each year.
For more information, please visit – www.fundi.co.za
Standard Bank Student Loan – One of the most preferred student loan in South Africa, offering affordable and convenient loans to student looking to change their life. As one of the world’s and SA’s top leading banks, Standard Bank offer students exciting possibilities to pursue modules of their chosen careers.
For more information, please visit – www.standardbank.co.za