Three Ways To Fund Your Studies In South Africa

December 15, 2021 Lucky Mzimkhulu Career Advice, Collage Intake 0

Studies

Three Ways To Fund Your Studies In South Africa

Planning on pursuing your dream qualification but you are having financial hurdles? This article will list down different ways you can fund your studies.

Tertiary education is expensive and this often deters many people from getting the qualification they need to pursue their dream career. However, there are many options students can make use of to fund their tertiary studies. 

Bursaries

A Bursary is a financial award granted to a student based on the student’s financial neediness or academic performance.

Bursaries and other financial aid initiatives are offered by government departments, companies and private sponsors to provide previously disadvantaged young people with the opportunity to study at a higher education facility.

Each bursary has its own unique set of requirements which means beneficiaries are selected according to the criteria established by the sponsor.

Visit the Bursaries Portal website for more information on bursaries in South Africa.

Feenix

Feenix is a crowdfunding initiative created by Standard Bank to help young people access funding for their studies.

The project is aimed at providing sponsorship to underprivileged youth through anonymous donors.

Anyone can obtain funding through Feenix because there are no academic requirements. Only registered students can participate.

Fundi

Previously known as Eduloan, Fundi is a financial solutions company that specialises in student finance.

Students can receive monetary support through “educational funding, cashless transaction solutions, bursary fund administrations and bursary support”.

Fundi covers students in every sphere of learning, from short courses to MBA and postgraduate studies.

The company also makes provision for every area of student life and can cover tuition, registration fees, outstanding balances, registration fees, laptops, textbooks, study tools, accommodation and more.

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