Student loans are a way of funding education after the completion of high school. For many people, tertiary education is unaffordable. This is why student loans are a popular way of financing education.
Student Loans generally cover:
- Tuition Fees
These loans are generally offered by major banks in South Africa, as well as independent institutions. Comparing best student loans for 2017:
This institution finances all levels of tuition- school, university and college. Funding is also provide for undergraduate, short courses and post graduate studies. In addition to covering textbooks, accommodation and laptops, the institution also covers outstanding balances and registration fees.
The National Student Financial Aid Scheme (NSFAS) specialises in providing access to funds to people who would not normally afford to pay for studies.
The institution collects student loan repayments to replenish the funds available for future generations of students. The application process is simple and there are no stringent qualifying criteria that apply.
ABSA offers some of the best study loans for 2017, with the lowest interest rates. The loans cover tuition, textbooks, accommodation and study-related equipment.
Students also get to benefit from discounts on study-related equipment.