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Pros and Cons: Student Loans


Student loans are one of the options for student funding that you may be investigating. In this mini series of articles named Pros and Cons, Bursaries Portal outlines the advantages and disadvantages of scholarships, bursaries and student loans. 


The interest rate on student loans may be and lower than other loans. 

You'll need to have a bank account at some point since banks are important so it's good to build a relationship early on. 

Banks like people who have varsity/college experience and so are normally flexible with payback. 



It is a loan and so you will need to pay it back with interest. 

Since you need to pay it back, start your career with debt

You need to have a parent, guardian or adult with a good financial stand to sing surety (this means since you don't have assets, an adult with assets take joint responsibility with you for the loan to pay it back if you can't). 


Finally, research shows that people with a degree will earn more money than people who don't. If your career that you are studying for is high paying it makes sense to take a loan because you will be able to pay it back easily. If you aren't guaranteed a high paying job you may want to reconsider taking a loan. 


To read about the pros and cons of scholarships, click here. To read about the pros and cons of bursaries, click here.


Latest Bursaries

WK Construction awards a number of bursaries, that cover the full cost of studying, to successful candidates in the field of BSc Civil Engineering.

Exxaro is inviting full time students to apply for a bursary. Students currently in their 2nd, 3rd or 4th academic year of study can apply for bursary opportunities in the following disciplines:
  • BSc Geology – 2nd academic year

The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) is offering bursaries to students studying in the following fields:

The Independent Field Advertiser (IFA) Bursary Scheme is giving academically deserving learners the opportunity to study further in their chosen profession.

IFA is a division of Clientèle Life. IFA is one of South Africa’s biggest network marketing companies.

All applicants will be notified via SMS of the status of their application by 30 June 2021

Founded in memory of the late Uyinene Mrwetyana, the Uyinene Mrwetyana Scholarship for Women is open for applications. 

The scholarship will be awarded to women students who are pursuing a degree in the Faculty of Humanities at UCT. Applicants will need to demonstrate evidence of leadership in social justice and social activism.