Options for financial assistance

Question 1

Bursaries or scholarships

Answer 1

Awarded to students who excel in a particular field and wish to pursue a career in that area

Question 2

Merit award

Answer 2

Given based on school results or when you’ve maintained an excellent set of results

Question 3

Financial aid

Answer 3

Given after a detailed personal financial analysis is done and shows your parents arent able to pay for your studies

Question 4

Study loans

Answer 4

• Applying at bank for a study loan.
• This will have to be paid back over time as it requires you and your family to have full financial assessment and often medical examination

Question 5

Parents

Answer 5

Someone who will pay for your studies

Question 6

Working as a student

Answer 6

-Many students work part-time in the evening and over weekends to help pay for their studies

Question 7

Learnerships

Answer 7

• A company you work for can finance your studies.
• Many companies give bursaries to students and assist them with their payments.
• The students will work for them on a contract basis in return

Question 8

NSFAS

Answer 8

South Africa’s only public student loan scheme which helps academically deserving and financially needy students