The Ultimate Guide to Student Funding in South Africa 2026

Starting Tertiary education marks an important point in your academic life, opening doors to future opportunities and personal growth.

However, for many South African students and their families, the rising cost of university and TVET college studies presents a challenge.  Issues of tuition fees, accommodation costs, textbooks, and living expenses can feel overwhelming.

Fortunately, numerous financial support options exist, but finding the right information and understanding the application processes often adds another layer of stress.

This guide is designed to be your ultimate resource for understanding and securing student funding in South Africa for the 2026 academic year. Whether you’re finishing Matric, already enrolled in tertiary studies, or planning your postgraduate journey, this comprehensive overview covers every major avenue available – from the government’s extensive NSFAS program to hundreds of specific bursaries offered by government departments, private companies, and universities themselves, as well as the option of student loans.

Our mission at Isikole Sami is to empower you with clear, accurate, and actionable information. We aim to simplify the funding process, highlight key deadlines, explain eligibility criteria, and provide practical tips to strengthen your applications.

Think of this guide as the central hub in your student toolbox, connecting you to detailed information and essential tools you need to make informed decisions and achieve your educational goals without financial stress.

We believe that financial problem should not be a barrier to accessing quality education, and this guide is your first step towards getting the support you deserve.

Understanding Your Funding Options As a student or potential Student

Securing the necessary funds for your studies requires careful planning and a clear understanding of the different types of financial aid available. South Africa offers several categories of support, each with its own purpose, eligibility criteria, and application process. Knowing the differences is important for increasing your chances of success.

The main funding streams available to South African students include:

1. Government Financial Aid (NSFAS): The National Student Financial Aid Scheme is the largest provider of funding for students from low-income households studying at public universities and TVET colleges. It typically covers tuition, registration, accommodation, and allowances, functioning largely as a bursary for eligible students.
2. Bursaries: These are non-repayable funds awarded based on various criteria, including academic merit, financial need, field of study, demographic background, or even specific community ties. Bursaries are offered by:
   • Government Departments (Non-NSFAS): Such as the Funza Lushaka bursary for aspiring teachers or funding from Sector Education and Training Authorities (SETAs) for industry-specific skills.
   • State-Owned Enterprises (SOEs): Major entities like Eskom and Transnet offer bursaries often linked to their operational needs.
   • Private Companies: A number of corporations, from banks and mining houses to retail groups, offer bursaries, sometimes requiring recipients to work for the company after graduation (work-back obligation).
   • Universities: Institutions provide their own internal bursaries and scholarships, often targeting top academic performers or students demonstrating significant financial need.
   • NGOs and Trusts: Various foundations and non-profit organizations offer specific funding opportunities.
3. Scholarships: While often mistaken for bursaries, scholarships are typically awarded primarily based on outstanding academic achievement, sporting prowess, or exceptional talent in a specific field, often irrespective of financial need. Many universities offer prestigious entrance scholarships to top Matriculants.
4. Student Loans: These are borrowed funds that must be repaid, usually with interest, after you complete your studies. They are offered by major banks and registered private credit providers. Loans can bridge funding gaps if you don’t qualify for NSFAS or sufficient bursaries, but require careful consideration of the long-term repayment obligations.

Key Strategy: The most successful approach involves applying early and broadly. Do not rely on a single funding source. Explore all categories for which you might be eligible. Start researching application deadlines well in advance (often as early as Grade 11 or the beginning of your Matric year) and prepare your documents in advance.

This guide will tackle each of these options in detail, providing the information you need to go through the application processes effectively.

NSFAS: The National Student Financial Aid Scheme

The National Student Financial Aid Scheme (NSFAS) is the South African government’s primary program for providing financial assistance to eligible students from poor and working-class families. Its goal is to increase access to higher education and training at public universities and Technical and Vocational Education and Training (TVET) colleges. If you meet the criteria, NSFAS can cover the major costs associated with your studies, making tertiary education a possibility where it might otherwise be unaffordable.

Unlike a traditional loan, NSFAS funding for undergraduate studies generally functions as a bursary, meaning it does not need to be repaid, provided you pass your modules and meet the academic progression requirements. This makes it a highly sought-after and important option for hundreds of thousands of students across the country.

What is NSFAS?

Established by the South African government, NSFAS is a public entity operating under the Department of Higher Education and Training (DHET). Its core mandate is to provide financial aid to eligible South African students enrolled in approved programs at public Higher Education Institutions (HEIs) – the 26 public universities – and Technical and Vocational Education and Training (TVET) colleges.

The scheme aims to bridge the financial gap for students who have the academic potential to succeed but lack the financial resources. Funding is allocated based on demonstrated financial need, ensuring that support reaches those who need it most. NSFAS manages the application process, disbursement of funds (including allowances), and monitors student eligibility throughout their studies.

Are You Eligible for NSFAS?

Eligibility for NSFAS funding depends on several key criteria. Meeting these is the first important step before you can apply. Here’s a breakdown of the main requirements for first-time applicants for the 2026 academic year:

• South African Citizenship: You must be a South African citizen. Permanent residents, refugees, or foreign nationals are not eligible for NSFAS funding.
• Household Income Threshold: Your combined gross annual household income (the total income of everyone living in your home before tax) must be R350,000 per year or less. This is the primary measure of financial need.
  • Income Verification: NSFAS verifies this income information through third-party sources like SARS and credit bureaus. You will also need to provide proof of income (payslips, affidavits for unemployed parents/guardians) during the application.
• Disability Exception: If you are a student living with a registered disability, the household income threshold is higher: R600,000 per year or less. You will need to provide proof of your disability during the application.
• SASSA Grant Recipients: If you are a recipient of a South African Social Security Agency (SASSA) grant (such as the SRD R350 grant, Child Support Grant, Disability Grant, etc.), you are automatically considered to meet the financial eligibility criteria. NSFAS verifies this directly with SASSA. You still need to apply, but the financial check is streamlined.
• Institution and Qualification Type: You must intend to study, or be registered to study, an approved undergraduate qualification or TVET program at a public university or TVET college.
  • Public Institutions Only: NSFAS does not fund studies at private universities or private colleges.
  • Approved Programs: Funding generally covers first undergraduate degrees and diplomas, as well as approved TVET programs (like NCV or Report 191 courses). Postgraduate studies (Honours, Masters, PhDs) are generally not funded by NSFAS, although specific postgraduate funding opportunities may exist through the NRF (National Research Foundation) or universities themselves.
• First Qualification: Generally, NSFAS funds students for their first tertiary qualification. If you have already completed a degree or diploma, you are usually not eligible for further undergraduate funding from NSFAS.
• Application Required: You must submit an application via the official myNSFAS portal during the designated application window. Acceptance into a university or college does not automatically mean you will receive NSFAS funding – a separate NSFAS application is always required.

Unsure if you qualify? Take our quick NSFAS Eligibility Quiz to get an estimate based on these criteria. Remember, this quiz is for guidance only.

How to Apply for NSFAS: Step-by-Step

The NSFAS application process is done entirely online through the myNSFAS portal. Applications typically open around September/October of the year before you intend to study (e.g., applications for 2026 funding usually open around September 2025) and close after a few months. It is important to apply within this window.

While the exact steps might be updated slightly each year, the general process involves:

1. Creating a myNSFAS Account: Visit the official NSFAS website (www.nsfas.org.za) and create a secure profile using your ID number, email address, and cell phone number.
2. Completing the Online Application Form: Log in to your myNSFAS account and fill out the application form accurately and completely. You’ll need details about yourself, your parents/guardians, your household income, and your intended institution and course (if known).
3. Uploading Required Documents: You will need to scan and upload certified copies of several supporting documents. Failure to submit the correct documents is a common reason for application delays or rejection. (See the next section for a detailed list).
4. Submitting Your Application: Review all information carefully before submitting. You should receive a reference number upon successful submission – keep this safe.

Need more detail? Read our comprehensive guide: How to Apply for NSFAS 2026: Step-by-Step

What Documents Do You Need for NSFAS

Preparing your documents correctly is essential for a smooth application. Ensure all copies are certified (usually within the last 3-6 months). The specific documents required can vary slightly, but generally include:

• Student’s Documents:
  • Certified copy of your South African ID document (both sides of a Smart ID card) or unabridged birth certificate if you don’t have an ID yet.
• Parents’/Guardians’ Documents:
  • Certified copies of their ID documents.
  • Proof of Income (if applicable): Recent payslips, letters of employment, or pension advice.
  • Affidavits (if unemployed): If parents/guardians are unemployed, they must provide sworn affidavits confirming their unemployment status.
  • Proof of Death/Divorce (if applicable): Certified copies of death certificates or divorce decrees if necessary to explain household structure.
• Proof of SASSA Grant (If applicable): While NSFAS often verifies this automatically, having your grant letter or proof can be helpful.
• Disability Annexure Form (If applicable): If you are applying under the disability income threshold, you need to download and have the official NSFAS Disability Annexure Form completed by a registered medical professional.

Double-check the list: Refer to our detailed guide: Required Documents for NSFAS Application 2026

What NSFAS Covers: Allowances Explained

If your NSFAS application is approved, the funding covers various costs associated with your studies. The allowances aim to provide sufficient support, although the exact amounts are reviewed annually by NSFAS. The main categories covered are:

• Tuition Fees: NSFAS pays your tuition fees directly to the university or TVET college.
• Registration Fees: Your upfront registration fee is also typically covered.
• Accommodation Allowance: For students living in university residences or accredited private accommodation. The amount varies based on the institution and type of accommodation (catered vs. non-catered). Students living at home or with relatives receive a smaller transport allowance instead.
• Living Allowance: A monthly stipend intended to cover food, toiletries, and basic living expenses.
• Book/Learning Material Allowance: An annual amount, often paid once or twice a year, to purchase prescribed textbooks and other learning materials. At some institutions, this may be loaded onto a student card for use at approved campus bookstores.
• Travel Allowance: For students living off-campus (but not in accredited accommodation) or at home, a monthly amount is provided to assist with transport costs to and from campus.

It’s important to note that NSFAS does not cover application fees for universities/colleges, bridging program fees, or tuition for postgraduate qualifications.

Checking Your NSFAS Application Status

After applying, you’ll need to monitor the progress of your application. You can check your NSFAS status through several methods:

1. myNSFAS Portal: Log in to your account on the official NSFAS website. The dashboard usually displays your current application status (e.g., “Application Submitted,” “Awaiting Evaluation,” “Approved,” “Rejected”).
2. NSFAS WhatsApp: NSFAS sometimes offers a WhatsApp line for status checks.
3. Institution Financial Aid Office: Once registered, your university or college’s financial aid office can often provide updates.

Statuses can take time to update, especially during peak periods. Be patient and check regularly.

Get detailed instructions: Read our guide: How to Check Your NSFAS Application Status Online

NSFAS Appeals Process

If your NSFAS application is unfortunately rejected, you usually have the right to appeal the decision within a specified timeframe (typically 30 days after the rejection status appears). Common reasons for rejection include exceeding the income threshold, missing documents, or providing incorrect information.

The appeal process is also done online via the myNSFAS portal. You will need to:

1. Log in and go to to the appeals section.
2. Clearly state the reason for your appeal.
3. Upload any new supporting documents that address the reason for rejection (e.g., updated proof of income if circumstances changed, missing documents).

Simply resubmitting the same documents is unlikely to change the outcome. Your appeal needs to provide new evidence or clarify a misunderstanding.

Don’t give up! Learn how to appeal effectively: Step-by-Step Guide to NSFAS Appeals

Bursaries in South Africa: Your Complete Guide

Beyond the extensive reach of NSFAS, South Africa’s student funding options is rich with bursaries. These are non-repayable grants offered by a diverse range of organizations – government departments, state-owned companies, private corporations, universities, and non-profit trusts. Unlike NSFAS, which primarily focuses on financial need for public institution students, bursaries often target specific fields of study, academic merit, demographic groups, or career paths.

Understanding the world of bursaries is need because they represent a significant pool of potential funding, sometimes offering more  sufficient support than NSFAS or covering fields and institutions that NSFAS does not. Securing a bursary can significantly ease the financial burden of tertiary education, allowing you to focus fully on your studies.

What is a Bursary? And How is it Different?

A bursary is a sum of money awarded to a student to help them pay for their education. The key characteristic is that, like NSFAS, it generally does not need to be repaid. However, there are important distinctions:

• Bursary vs. NSFAS: While NSFAS is a government bursary scheme focused mainly on financial need for public institutions, other bursaries can come from many sources (government, corporate, university). They might prioritize academic achievement, specific study fields (like engineering or teaching), or address particular skills shortages. Some bursaries may also fund studies at private institutions, which NSFAS does not.
• Bursary vs. Scholarship: These terms are often used interchangeably. Traditionally, a scholarship is awarded primarily based on excellence (academic, sporting, artistic) and may not consider financial need. A bursary is typically awarded based on a combination of academic merit AND demonstrated financial need. In practice, many organizations use the term “bursary” for both types.
• Bursary vs. Student Loan: This is the most important difference. A bursary is a grant you don’t pay back (though conditions may apply). A student loan is borrowed money that must be repaid with interest after your studies.

Bursaries can range from covering a portion of your fees (partial bursary) to covering all study-related costs (full bursary). Many also offer valuable extras like mentorship programs, vacation work, and even guaranteed employment after graduation.

Who Qualifies for a Bursary?

Eligibility criteria vary significantly from one bursary program to another. It’s essential to read the specific requirements for each opportunity carefully. However, most bursaries share some common requirements, as highlighted by resources like Bursary forms and  Bursaries Africa:

• Citizenship: Most bursaries are exclusively for South African citizens. Some may consider South African permanent residents, but this is less common. Always check the specific requirement.
• Level of Study: Bursaries are available for students currently in Matric intending to study further, as well as for students already enrolled in tertiary education (undergraduate or sometimes postgraduate). Some unique opportunities even exist for high school learners.
• Academic Performance: A strong academic record is almost always a key requirement. Minimum requirements vary widely:
  • Some demand exceptional Matric results (e.g., multiple distinctions).
  • Others require a minimum overall average (e.g., 60% or 65%).
  • Specific subject marks (especially Mathematics, Physical Sciences, or Languages) are often needed for fields like Engineering, Health Sciences, or Accounting.
  • Current tertiary students usually need to maintain a certain minimum average (e.g., 60% or higher) and pass all their modules.
• Institution & Field of Study: Many bursaries specify:
  • Eligible Institutions: Some fund studies only at traditional universities, others include Universities of Technology or TVET colleges. Some may even fund studies at specific private institutions.
  • Field of Study: Bursaries are frequently targeted towards specific fields identified as important skills areas (e.g., STEM fields – Science, Technology, Engineering, Maths), Commerce, Education, Health Sciences, etc.
• Financial Need: While some bursaries are purely merit-based, many (especially those from corporate social investment programs or government) require applicants to demonstrate financial need. This often involves submitting proof of household income (similar to NSFAS requirements, though income thresholds can vary).
• Other Criteria: Some bursaries have additional specific requirements, such as residing in a particular province or municipality, belonging to a specific demographic group, or having a disability.

The golden rule is: Read the specific requirements for every bursary before applying. Don’t waste time applying if you don’t meet the minimum criteria.

Types of Bursaries Available:

The total number and variety of bursaries in South Africa can seem complex, but they can be broadly categorized by their source. Understanding these categories helps you target your search effectively.

Government Bursaries (Non-NSFAS):

• Beyond NSFAS, various government departments and entities offer targeted funding. These often aim to address specific national priorities or skills shortages. Notable examples include:
  • Funza Lushaka Bursary: A prestigious, well-known bursary specifically for students pursuing teaching qualifications in priority subject areas. It requires recipients to teach at a public school after graduation.
  • DHET Bursaries: The Department of Higher Education and Training offers various bursary programs, often targeting specific TVET college courses or scarce skills. Information is usually available through college financial aid offices or the DHET website.
  • Provincial Government Bursaries: Each of the nine provincial governments typically offers bursaries to residents of their province. These often focus on fields relevant to the province’s economy or development goals. Search for “[Province Name] Government Bursary.
  • SETA Bursaries: Sector Education and Training Authorities (SETAs) represent various industries (e.g., banking – BANKSETA, manufacturing/engineering – merSETA, construction – CETA, etc.). They offer bursaries for qualifications relevant to their specific sector, aiming to build a skilled workforce.
  • Other State Entities: Organizations like the Council for Geoscience (CGS), National Research Foundation (NRF – mainly postgraduate), South African National Roads Agency (SANRAL), and others offer bursaries in their respective fields.

Corporate / Private Sector Bursaries:

• This is arguably the largest and most diverse category. Many South African companies, from large state-owned enterprises (SOEs) to multinational corporations and local businesses, offer bursaries as part of their skills development, social responsibility, or talent pipeline strategies. Key characteristics often include:
  • Field Specificity: Usually tied to the company’s industry (e.g., Sasol for Engineering/Science, KPMG/PwC for Accounting, Banks for Commerce/IT, Mining Houses for Engineering/Geology).
  • Academic Requirements: Often have high academic entry requirements due to competitiveness.
  • Work-Back Obligation: A common condition is that recipients must work for the sponsoring company for a period equal to the duration of the bursary after graduation. This guarantees the student a job and provides the company with trained talent.
• Finding Them: Major bursaries are widely advertised online, on company websites (look for “Careers,” “Graduates,” or “Bursaries” sections), and on dedicated bursary portals like Bursaries Africa or directly here on Isikole Sami.

University-Specific Bursaries & Scholarships:

• Don’t overlook funding offered directly by the university you plan to attend or are currently attending! Most institutions have dedicated financial aid offices and offer a range of internal awards. These can include:
  • Entrance Scholarships: Often automatically awarded to top Matriculants based on their final results – no separate application needed.
  • Merit Bursaries: For continuing students who achieve excellent academic results during their university studies.
  • Need-Based Bursaries: Universities assess students’ financial situations and allocate internal funds accordingly. This often requires a separate application to the university’s financial aid office.
  • Faculty/Departmental Awards: Specific faculties (e.g., Engineering, Law) or departments may have their own bursaries funded by donors or alumni.
  • Sports Bursaries: For students who excel in specific sports and represent the university.

How to Apply for Bursaries

Applying for bursaries requires careful attention to detail, as each provider has its own specific process. Unlike the centralized NSFAS portal, bursary applications are usually submitted directly to the funding organization.

Common application methods include:

• Online Application Portals: Many large companies and government departments use dedicated online systems. You’ll need to register an account, fill in detailed forms, and upload your supporting documents electronically.
• Downloadable Application Forms: Some organizations provide an application form (usually a PDF) on their website. You’ll need to download it, complete it accurately (often by hand or electronically), and then submit it via:
  • Email: Scan the completed form and all supporting documents into a single PDF (if possible) and email it to the specified address. Ensure your subject line is clear (e.g., “Bursary Application – [Your Name] – 2026”).
  • Post: Send the physical copies via registered mail to ensure delivery before the deadline.
  • Hand Delivery: Some organizations allow you to drop off your application at their offices.

Always read the instructions carefully on the bursary provider’s website or application form to ensure you use the correct submission method and meet the deadline. Late or incomplete applications are almost always disqualified.

Important Documents for Bursary Applications

Having the correct supporting documents is important. Most bursary applications require similar documentation, often needing certified copies. Certification typically needs to be done within the last 3 to 6 months at a police station, post office, or commissioner of oaths.

Commonly required documents include:

• Proof of Identity: A certified copy of your South African ID document (both sides of a Smart ID card) or a certified copy of your birth certificate if you don’t have an ID yet. Some may accept certified copies of a passport or proof of permanent residence if applicable.
• Academic Records:
  • If currently in Matric: Certified copy of your Grade 11 final results and your most recent Grade 12 results (e.g., June or September report).
  • If completed Matric: Certified copy of your official Matric certificate or statement of results.
  • If currently at tertiary level: Certified copy of your full academic transcript/record to date, including your most recent results.
• Proof of Tertiary Application/Registration: Proof that you have applied to, been provisionally accepted at, or are registered at a recognized tertiary institution (university or TVET college). This should usually be an official letter on the institution’s letterhead.
• Motivational Letter: This is a very important document. It’s your chance to tell the funders about yourself, your academic goals, your career aspirations, why you chose your field of study, and why you need and deserve the bursary. Check our Article on How to Write a Bursary Motivational Letter
• Proof of Household Income: To assess financial need, you’ll usually need to provide certified copies of your parents’ or guardians’ proof of income (payslips, employment letters, pension advice) or sworn affidavits confirming unemployment if they are not working. SASSA grant letters may also be required.
• Proof of Residence: Some bursaries are specific to certain regions, municipalities, or communities and may require proof of your physical address (e.g., a utility bill or letter from a local councillor).
• Curriculum Vitae (CV): Sometimes required, especially for postgraduate or corporate bursaries. Check our Article on How to Write a CV for a Bursary Application
• Proof of Household Income: To assess financial need, you’ll usually need to provide certified copies of your

Advice: Create a dedicated folder (physical or digital) to keep all these documents organized and readily available. Get multiple copies certified at once to save time.

What Bursaries Cover

The value and coverage of bursaries vary greatly. It’s important to understand what expenses a specific bursary will pay for.

• Full Bursaries: These are the most comprehensive and typically cover most, if not all, study-related costs. This often includes:
  • Tuition fees
  • Registration fees
  • Examination fees
  • Prescribed books and study materials
  • Accommodation (in residence or accredited housing)
  • Meals
  • Sometimes a personal living allowance or stipend
  • Sometimes a laptop allowance
• Partial Bursaries: These cover only a portion of the costs, such as tuition fees only, or provide a fixed amount towards studies. Students receiving partial bursaries may need to find additional funding from other sources (like NSFAS or loans) to cover the remaining expenses.

Some bursary providers, particularly corporate ones, also offer valuable non-financial benefits like:

• Vacation Work (Vac Work): Paid work experience at the company during university holidays. This is often compulsory and provides invaluable industry exposure. Read Our Detailed Guide on Vac Work, The Benefits and Top Companies in South Africa for Vac Work
• Mentorship Programs: Pairing students with experienced professionals in their field.
• Graduate Development Programs: Structured programs offering further training and potential employment after graduation.

Always check the bursary agreement or offer letter to understand exactly which expenses are covered and any conditions attached.

Do You Have to Pay Back a Bursary?

Generally, no, bursaries are gift aid and do not need to be repaid like a loan.

However, there are condition attached to many bursaries, especially those offered by companies: the work-back obligation.

• Work-Back Clause: This means that upon graduating, you are contractually required to work for the company that funded your studies. The duration is typically equal to the number of years you received the bursary (e.g., 3 years of funding = 3 years of work).
• Benefits: This arrangement provides you with guaranteed employment and valuable work experience immediately after graduating. It also ensures the company gets a return on its investment by securing skilled talent.
• Consequences: If you fail to complete your studies, fail to meet academic requirements, or choose not to fulfill the work-back obligation, the bursary agreement usually states that you will need to repay the full amount of funding received, sometimes with interest.

Always read the terms and conditions of any bursary offer carefully to understand your obligations regarding academic performance and potential work commitments. Government bursaries like Funza Lushaka also have service obligations (teaching at a public school).

How to Spot Bursary Scams

Unfortunately, fraudulent bursary offers exist, preying on hopeful students. Being vigilant can help you avoid scams. Watch out for these red flags:

• Requests for Payment: Legitimate bursaries never require you to pay an application fee, administration fee, or any money upfront to be considered or to receive the funds. If anyone asks for money, it’s almost certainly a scam.
• Use of Free Email Addresses: Official organizations will always use their own company email domain (e.g., bursaries@companyname.co.za). Be very suspicious if the application requires you to send documents to free email accounts like Gmail, Yahoo, Hotmail, etc.
• Vague Contact Details: Scams often lack official phone numbers, physical addresses, or legitimate websites.
• Guarantees of Approval: No legitimate bursary guarantees approval, especially without a proper application and selection process.
• Poor Language and Urgency: Emails or adverts with many spelling/grammar errors, or those that pressure you to apply immediately “before it’s too late,” can be suspicious.
• Requests for Sensitive Personal Information Upfront: Be cautious about providing banking details or too much personal data before you have verified the legitimacy of the bursary provider.

If you suspect a bursary might be a scam:

• Search online for the organization’s official website.
• Look for official registration details of the company or trust.
• Contact the company directly using phone numbers found on their official website (not numbers given in the suspicious advert).
• Report suspicious offers to university financial aid offices or fraud prevention authorities.

Trustworthy sources like Isikole Sami, university websites, and reputable bursary portals work hard to list only legitimate opportunities.

Guides for Writing a Strong Bursary Application

Competition for bursaries can be intense. A strong application goes beyond just meeting the minimum requirements.

• Start Early: Give yourself plenty of time to research, gather documents, and write thoughtful application essays or motivation letters.
• Read Instructions Carefully: Follow every instruction precisely. Submit documents in the required format and meet all deadlines.
• Highlight Achievements: Emphasize your academic strengths, leadership roles, community involvement, and any relevant achievements.
• Tailor Your Motivation Letter: Don’t use a generic letter. Customize it for each specific bursary, explaining why you are passionate about that field of study and why you are a good fit for that specific organization’s values or industry. Here is our guide on How to Write a Winning Bursary Motivation Letter
• Be Professional: Ensure your application is neat, well-written, and free of errors. If applying online, use a professional-sounding email address.
• Prepare for Interviews: Some bursaries require interviews as part of the selection process. Prepare to discuss your goals, motivations, and how you handle challenges. Check out our guide on Preparing for a Bursary Interview
• Apply Widely: Don’t limit yourself to just one or two applications. Apply for every bursary for which you meet the criteria to increase your chances of success.

Student Loans: Understanding Your Options

While NSFAS and bursaries are the preferred funding methods because they don’t need to be repaid, they aren’t always sufficient or available to every student. If you face a funding shortfall after exploring all grant and bursary options, or if your household income exceeds the thresholds for need-based aid, student loans become a necessary consideration.

However, it is important to approach student loans with caution. Unlike bursaries, loans are borrowed money that must be paid back, usually with added interest, after you complete your studies or leave the institution. Understanding the terms and your repayment obligations is essential before signing any loan agreement.

When to Consider a Student Loan

Student loans are typically used in specific situations:

• Bridging Funding Gaps: When NSFAS or bursaries cover only part of your costs (e.g., tuition but not accommodation or living expenses).
• “Missing Middle” Students: If your household income is above the NSFAS threshold (currently R350,000 p.a.) but still insufficient to cover the full cost of studies.
• Funding Private Education: Since NSFAS only funds public institutions, students attending registered private colleges or universities often rely on loans.
• Postgraduate Studies: As NSFAS primarily covers undergraduate qualifications, loans are a common funding source for Honours, Masters, or PhD programs (though specific postgraduate bursaries should be explored first).

Before taking out a loan, exhaust all non-repayable funding options first.

Types of Student Loans

In South Africa, student loans are mainly offered by:

• Major Banks: Commercial banks like Absa, Standard Bank, Nedbank, and FNB have dedicated student loan products. These are typically the most common and regulated options.
• Registered Private Credit Providers: Some specialized financial institutions also offer student loans. It is vital to ensure any provider you consider is registered with the National Credit Regulator (NCR) to avoid predatory lenders.

Key Features:

• Surety/Guarantor: Most bank student loans require a parent, guardian, or another creditworthy individual to co-sign the loan as a surety. This person becomes legally responsible for repaying the debt if the student defaults.
• Interest Capitalization: Often, interest accrues while you are studying but may only become payable after graduation (capitalized interest). This means the total amount you owe increases over time.

Key Factors: Interest Rates & Repayment

Understanding these two elements is important:

• Interest Rate: This is the percentage charged on the borrowed amount. Student loan interest rates in South Africa are usually linked to the prime lending rate (the baseline rate set by the South African Reserve Bank). Your specific rate might be prime plus a certain percentage (e.g., Prime + 2%), depending on the bank and the surety’s creditworthiness. Rates can be variable (changing with prime) or fixed.
• Repayment Terms: This outlines when you need to start paying back the loan and over how long. Common terms include:
  • Grace Period: Often, repayments only begin 6-12 months after you graduate or leave your studies, giving you time to find employment.
  • Repayment Period: The total time allowed to repay the loan, which could range from 5 to 10 years or more, depending on the loan amount.
  • Monthly Instalments: The fixed amount you’ll need to pay each month.

Always read the loan agreement carefully to understand the exact interest rate, fees, when repayments start, and the total estimated cost of the loan over its lifetime.

Where to Find Student Loans

The primary sources for reputable student loans are the major South African banks. You can find information and apply directly through their websites or by visiting a branch:

• Absa Student Loans
• Standard Bank Student Loans
• Nedbank Student Loans
• FNB Student Loans

(Note: Isikole Sami is not affiliated with any bank and does not provide financial advice. The links above are for informational purposes. Consider adding affiliate disclosures if relevant later).

Responsible Borrowing: Only borrow what you absolutely need. Create a budget to understand your study costs and minimize the loan amount. Remember that this debt will impact your finances for several years after graduation.

Other Funding Avenues

While NSFAS, bursaries, and traditional loans are the most common sources, a few other avenues might offer specific or supplementary support:

• NGOs and Community Trusts: Various non-governmental organizations (NGOs) and community-based trusts sometimes offer smaller, localized bursaries or grants. These often target specific communities, fields of study (like social work or environmental science), or disadvantaged groups. Finding these usually requires local research or checking notice boards at community centers or libraries.
• Crowdfunding: Platforms like BackaBuddy or Feenix allow students to create profiles and appeal directly to the public for funding donations. This can be effective for covering specific shortfalls or unexpected costs but requires significant effort in promoting your campaign. Success often depends on having a compelling story and a strong personal network.

These options are generally less common or provide smaller amounts than major bursaries but can be helpful in specific circumstances.

Essential Application Tips & Resources

Going through the funding application process successfully involves more than just finding opportunities; it requires preparation and using the right tools. Here are some key tips and resources available on Isikole Sami:

Calculating Your APS Score

• Your Admission Point Score (APS) is vital not only for gaining entry into university courses but also for meeting the academic requirements of many bursaries. Knowing your score helps you realistically target institutions and programs you qualify for.
• Resource: Use our APS Calculator to quickly calculate your score based on your Matric results. Remember to always verify the specific calculation method used by your chosen university.

Preparing for NBTs

• The National Benchmark Tests (NBTs) are required by some universities (especially for specific faculties like Health Sciences or Engineering) to assess your academic readiness for higher education. Some bursaries might also consider NBT results.
• Resource: Learn more about the NBTs, how to register, and find preparation tips in our Guide to National Benchmark Tests (NBTs)

Meeting Deadlines: Key Dates for 2026

• Funding applications have strict closing dates. Missing a deadline means missing out entirely. Key windows to watch include:
  • NSFAS: Typically opens around September-October 2025 and closes January/February 2026 (for the 2026 academic year).
  • University Applications: Often close between June and September 2025 for study in 2026. Applying early is Important.
  • Major Corporate Bursaries: Can open as early as April/May and close by July/August/September 2025 for 2026 funding.
• Action: Keep a calendar and check application deadlines regularly on official websites and reliable portals like Isikole Sami.

Getting Your Documents Certified

• Most applications require certified copies of your documents (ID, results, proof of income). Certification confirms that the copy is a true likeness of the original.
• Where to Certify: You can usually get documents certified for free at any South African Police Service (SAPS) station, Post Office, or by a Commissioner of Oaths (often found at banks or law firms).
• Validity: Certifications are usually only valid for 3-6 months, so don’t certify documents too far in advance. Ensure the date, stamp, and signature are clear.

Securing funding for your tertiary education in South Africa is achievable, but it requires proactive research, careful planning, and timely action. From understanding the extensive support offered by NSFAS to government and corporate bursaries, and considering student loans responsibly, multiple options exist to help you finance your studies.

Remember to start early, read eligibility requirements carefully, prepare your documents thoroughly, and apply to every opportunity you qualify for. Use the tools and guides provided here on Isikole Sami to simplify the process and increase your chances of success. Your determination, combined with the right information, can open the doors to your educational future. Good luck!