Do You Get Bursaries For Private Colleges?

Most university students understand the difficulty of obtaining funding for their tertiary studies. Although there are ample funding alternatives for students at public institutions, private college funding options are a bit more difficult to come by.

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At the beginning of each year, a number of funding options become available to students looking to pursue their tertiary studies. For students attending public universities, the options are endless. 

If a student is unable to claim National Student Financial Aid Scheme (NSFAS) funding, there are often a multitude of bursaries and scholarships available for students to apply for to help cover their funding, and if not, there are student loan options.

For private colleges, the options are not as accessible. Firstly, private colleges are not supported by NSFAS, which immediately eliminates one of the central funding institutions in the country. 

Furthermore, although there may be bursaries available for private college students, they tend to be tough to come by and do not always cover full tuition costs for students. However, this does not mean that there are no bursary options available.

For instance, there are options that present themselves through the Fundi funding schemes. Fundi regards themselves as “South Africa’s leading Education Finance specialist”, offering study loans for both public and private college students, including those wanting to study at Technical and Vocational Education and Training (TVET) colleges.

The loans do not only cover tuition, but a number of other necessities, such as offering device loans and more. Accordingly, a student’s Fundi loan repayments may be deducted from their working salary or through debit orders.

Additionally, private college students still have the option to take out bank student loans from banks which include Nedbank, FNB, Standard Bank, Capitec Bank, and so on.

So, despite there being a much more limited pool for tertiary funding for private colleges, there are still a few options that remain.

To inquire further about the Fundi study loan, navigate to their page by clicking here.

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