Education is definitely not cheap anywhere, the tuition fees, accommodation, textbook and a lot more can be too much for many to afford. However, there are many bursary and scholarship for students but not all students will be able to get a bursary or scholarship. Students are selected for bursary and scholarship based on a particular criterion.
Students that could not get scholarship or bursary can, however, opt for another option like getting a student loan. This loan is available for students that want to go to higher institution or attending one and need funds. This article is going to provide you with every information you need about student loan and how you can get more.
STUDENT LOAN DETAILS
The students’ loan is provided by the financial institutions to pay for your studies and be required to service the interest while studying and you are to pay back when you graduate. Students loan are paid into the financial institution where you are undertaking your studies to prove that he has been accepted as a student. Full-time students will need surety to get a student loan, it can be the applicant parent or guardian.
Loan student can apply for
The loan a student can apply for depends on the financial institution, student tuition fees and other expenses.
What student loan cover
The student loan will cover the students’ tuition fees, accommodation, textbooks, equipment and others. This actually depends on the financial institution.
Who qualifies for a student loan?
To qualify for the student loan, you will have to be accepted as a student and have a surety to show that you will pay back the loan.
Where to get a student loan?
You can get a student loan from any of the following financial institutions:
Standard Bank Student Loan
ABSA Student Loan
FNB Student Loan
Nedbank Student Loan