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It’s not always easy to find bursaries and scholarships these days. They might not fund your specific qualification or you might be short of satisfying all the requirements to qualify for the bursary.
But don’t stress, there are many banks that offer loans to students, regardless of the type of qualification you’re going for. So not receiving a bursary or a scholarship does not mean your academic dreams are over.
What is a student loan?
A student loan is a sum of money that you can apply for through a bank to fund your studies.
In most cases, the loan covers all study related expenses such as tuition, books, equipment, student accommodation, and meals.
The loan is typically paid back during or after you finish studying and have fair interest rates, fees and repayment schedules compared to others types of loans.
The following banks offer student loans:
- Standard Bank
The standard requirement when applying for a student loan is:
- You must be over the age of 18
- The principle debtor (typically a parent or guardian who signs surety on the loan for you) must earn a certain amount per month
- You must be registered as a student with a tertiary institution in South Africa
So if you wish to study further and meet the requirements above, then get applying.