Term 4 - Unit 1 (pg 114-115)

Question 1

Explain the word “tertiary”

Answer 1

study after school

Question 2

What is a guarantor?

Answer 2

someone who provides security; promising to pay back your loan, if nececessary

Question 3

Where can you apply for a bursary?

Answer 3

• companies
• government institutions

Question 4

How does it normally work when you apply for a bursary?

Answer 4

+ usually have to work for the company for a few
years
+ if you leave the company, have to pay back the
money received
+ bursaries are granted to the best applicants
+ or to support students who cannot afford studying

Question 5

How does LOAN work

Answer 5

*money borrowed from a bank
*after studying, pay back the loan + interest within a
specific number of years
*you will need a guarantor (person who promises to
pay back the bank, if you can’t)
*you must prove that you have the ability to
pass the course

Question 6

How does a SCHOLARSHIP work?

Answer 6

= awarded to students who achieve best academic
results
= don’t have to be paid back
= must produce excellent results throughout your
studies