This option allows you to borrow money from an institution in order to pay for your tertiary education. This will need to be paid back once you have finished studying.
Interest will be accrued during the term and repayments can usually be a burden once you have started working, however a qualification should be seen as an asset and paying off an asset is never a bad thing.
Financial Institutions will provide financial services to their clients. In South Africa there are a lot of Institutions that will be able to assist you in requiring the funds in order to pay for your tertiary education. The most common of all are the major Banks in South Africa:
- Standard Bank
In order for these banks to assist you with a Student Loan, you will need to have proof of registration. A guardian would need to sign surety and the interest needs to be paid throughout the loan term so an extra job on the side might help with this.