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.
What is a Student Loan? 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.
The National Student Financial Aid Scheme (NSFAS) has urged students, who received funding, to sign their Loan Agreement Forms (LAFs) within 30 days from the day they receive the forms.
You may have read recently that NSFAS would be changing the way applications worked. The organisation has adopted what they call a Student Centered Model, completely overhauling the applications system. So what does this mean for you?
The National Student Financial Aid Scheme (NSFAS) has received a total 161 938 applications from students seeking funding for 2017 in universities and Technical and Vocational Education and Training (TVET) colleges across the country.
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