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Question of the Day: What's the most interesting small town you've visited in South Africa?
Student Loan
- Thread starter zizo911
- Start date
NeonNinja
Neon Resident
Does that amount count towards a student loan. Where you gonna get cash for the real thing if you asking for this petty amount.
Polymathic
Honorary Master
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try Capitec bank
Velenoso
Expert Member
Don't know if a bank will do such a small loan?
I'm hoping for a bursary, but we only find out in Febuary. And I need to pay the registration fees ASAP.
Do they have student loans?
Capitec is the worst place to try. I went through the process of trying to get a student loan last year, and their rates were so ridiculous I just walked right out.
Try all of the banks and see what they can offer you, in terms of student loan and normal loan.
You can also check out Eduloan. And, if you qualify, NSFAS.
Or try the university's financial office and see if they have any other recommendations.
Try all of the banks and see what they can offer you, in terms of student loan and normal loan.
You can also check out Eduloan. And, if you qualify, NSFAS.
Or try the university's financial office and see if they have any other recommendations.
Yea, if I don't get a bursary then NSFAS said they will accept me because I'm studying teaching. If all else fails, will I be able to get a personal loan?
Velenoso
Expert Member
Not if you don't have regular income you won't...
CrazYmonkeY159
Expert Member
Unless you get your parents/working relative to sign the loan with you (a lot of student loans work this way)
If NSFAS is willing, go with that option. It's a lower interest rate and you only have to pay back 40% or 60% (I forget which).
You can get a personal loan if you have a regular income or if someone is willing to sign surety for you.
You can only get a student loan if someone is willing to sign surety for you, it will not be granted otherwise (Nedbank, IIRC - can't recall if the other banks had the same requirement). Even if you have been working full-time for several years and have a steady income and support your parents who have retired (my situation), they still want someone to sign surety and won't grant the student loan without that...
You can get a personal loan if you have a regular income or if someone is willing to sign surety for you.
You can only get a student loan if someone is willing to sign surety for you, it will not be granted otherwise (Nedbank, IIRC - can't recall if the other banks had the same requirement). Even if you have been working full-time for several years and have a steady income and support your parents who have retired (my situation), they still want someone to sign surety and won't grant the student loan without that...
The_Ogre
Honorary Master
I had to pay back all...
In fact I didn't even "pay" it. When I started working they just started taking the money back monthly (I don't have a problem with that). It seems they're connected to SARS so they know when you're starting to work, no chance of running away
For two years I had to see that R900 odd on my payslip
I had to pay back all...
In fact I didn't even "pay" it. When I started working they just started taking the money back monthly (I don't have a problem with that). It seems they're connected to SARS so they know when you're starting to work, no chance of running away
For two years I had to see that R900 odd on my payslip
When I had it, you only had to pay back a portion of the loan if you had passed everything. I only paid back that portion, which was as reflected on my account.
That's odd. I starting paying it back by depositing money into their account monthly. I pretty much set the level I wanted to pay back monthly and went ahead with that.
They never had an issue with that and my salary wasn't affected. Although I do recall a colleague in the position you were in - she had not made arrangements to pay it back, so the company was approached to do so.
@wily: Perhaps I used it while it was still effective - approval in about 2 weeks and no delays. I did go through the university financial office rather than directly to NSFAS, so that might explain why I had no delays.
Thanks, will give them a try this year.
The_Ogre
Honorary Master
Yeah, I also had to go about it that way
CrazYmonkeY159
Expert Member
I had to pay back all...
In fact I didn't even "pay" it. When I started working they just started taking the money back monthly (I don't have a problem with that). It seems they're connected to SARS so they know when you're starting to work, no chance of running away
For two years I had to see that R900 odd on my payslip
AvatarS is partially right. If you get good grades you end up paying less (I think the rest comes from the taxpayer)
Also in 2011 remember when Jacob Zuma said he would pay for all previously disadvantaged students final year at varsity if they pass. Well he wasn't lying, a few of my friends from townships only have 3 years of varsity to pay off (instead of 4)
The Initial registration fee was R2000 when I received the letter of acceptance. It has now gone up to R3000 in a newer letter I received.
The Initial registration fee was R2000 when I received the letter of acceptance. It has now gone up to R3500 in a newer letter I received.