Student loans are designed to help cover the costs of university tuition fees, accommodation and study material. Student loans differ from other types of loans as they may have substantially lower interest rates and the repayment schedules may be deferred whilst the person is completing their education. A Student loan enables individuals to get a degree, diploma or other formal qualifications that they would not have been able to if it were not for the loan. Luckily, there’s a host of financial institutions in South Africa, amongst the traditional banks, that focus solely on providing student loans.
In the 2016 People’s Guide to the Budget, it’s noted that expanding access to post-school education and training remains a priority for Government in order to produce the skills necessary to fill jobs, and in turn, boost the economy on its road to recovery. Yet, it is funny to think that South Africa spends a bigger share of its gross domestic product on education than any other country in Africa, yet performance levels are lower than in many other countries on the continent. What will change?
Duplum means double, or perhaps double the trouble in the case of interest on loans. Literally translated, in duplum means 'double the amount'.
14 January 2015 (SANews) The National Student Financial Aid Scheme (NSFAS) had earmarked R9.5-billion in bursaries and loans for 2015, an increase from the R8.3
March 10, 2015 Guest Author (Maya on Money)
In the light of recent developments regarding tuition fees at universities, credit suppliers are looking into innovative ways to secure your and South Africa’s future. Student loans have always been a
Student loans are designed to help cover the costs of university tuition fees, accommodation and study material. Student loans differ from other types of loans as they may have substantially lower int
Doggone it, more costs… do they know you’re a student and not the offspring of some rich king? We know the feeling; may your university memories last as long as your student loan payments do. Wait
So many names and terms for the same thing at the end of the rainbow! A Loan in general is a sum of money borrowed and to be repaid with interest by a specific date. The search for a spec
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