Socio Economic Factors In Study And Career Choices

Question 1

If you cannot afford tuition fees what are the 4 financial assistances you can get

Answer 1

Bursary
Student loan
Scholarship
Learnership

Question 2

Bursary

Answer 2

An amount of money given to a student to pay for college/university study if you don’t have money to pay for your studies or because you did well in school and you don’t have to pay it back

Question 3

Student loan

Answer 3

Money that you borrow from a bank that you have to pay back after completing your studies. The bank charge interest fee for borrowing money.
Companies and businesses give student loan that you don’t have to pay back but you have to work for them after finishing your studies

Question 4

Scholarship

Answer 4

Companies, businesses and organizations award scholarships if you have done well at school in your studies or sport.

Question 5

Learnership

Answer 5

Allows you to earn while you learn.
You study theory at college/training centre and practice what you have learnt in a real job
You get paid for the work you do and get a qualification at the end of the training program