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5 ways to pay for an education

The new year isn’t too far away. Education can be expensive so planning ahead is essential.

A good education is a great investment, whether it’s schooling for a family member or furthering your knowledge and skills in a particular area. But it doesn’t come cheap. Here are 5 ways to pay for education.

 

Student loans

Some banks offer loans to pay for tertiary studies, which usually cover fees, accommodation, books and related equipment. You’ll need a Grade 12 certificate with university exemption and must prove your acceptance to an accredited tertiary institution. Someone will need to sign surety for the loan (often a parent), and in most cases repayments start once studies are completed.

Bank loans

Ideal if you want to study short courses or part-time – options which student loans don’t cover. You choose how to use the money (e.g. fees, living costs). Capitec Bank offers credit plans up to R200 000 over 84 months. The money is available immediately and you get retrenchment and death cover. READ MORE

 

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