Socio-economic factor in study and career choices

Question 1

Bursary

Answer 1

An amount of money that a student is given to help pay for college or university study

Question 2

Student loan

Answer 2

You would have to pay the money you borrow from the bank back after you finished your studies

With some companies, you don’t have to pay them back but you have to work for them

Question 3

Scholarship

Answer 3

Some companies, businesses, and organisations award scholarships if you have done very well in school or sport

Question 4

Learnership

Answer 4

Allows you to earn while you learn. You study there at a college and practice what you have learned in a real job

Question 5

Income tax

Answer 5

A tax that all individuals and companies must pay on what they have earned and profits they have made