Student loans are an integral part of most students' tertiary education. Very few students can afford to study further without some form of financial assistance, be it a bursary, grant or student loan. There are many ways to find a student loan - public institutions such as NSFAS and Eduloan offer student loans to those in need, as do all major banks. Student loans from public institutions are usually awarded based on financial need, while those offered by private financial institutions are more readily available and less strict in terms of qualifying criteria. Ultimately it is up to you to decide which route to take to finance your studies, but however you choose to do it student loans will certainly play a major role.
As matriculants prepare to write their final examinations, many of them will be planning for the next step. For many this means studying further at a tertiary institution, which can be expensive.
Student loans can be quite a burden when it comes to repaying them. If you took out a loan and now have your university qualification, being financially savvy will be a very important part of your new life as a newly recruited graduate.
Finances might the obstacle that stands between you and your dream, but it’s important that you explore the funding options that you can take advantage of before pursuing your studies in any institution of higher learning.
The length, balance, type, and number of credit accounts are taken into consideration when calculating a person's credit score. If you have a student loan, it's crucial not to breach any agreements you have made with the lending company.
While this time of the year marks the beginning of a transitional journey that will determine the future of many new tertiary students, student debt remains a difference between abruptly stopping and completing that journey for returning students.
A student loan is borrowed money that is repaid over the time once a student has completed their studies and starts a job. In addition to repaying the amount loaned, most loans also require an additional fee called interest. A student loan is used to pay for college or university costs.
The National Student Financial Aid Scheme (NSFAS) has dismissed as fake news media reports that a student at the University of Fort Hare (UFH) is being overpaid their allowance.