1.Can I apply for a second study loan whilst still paying of the first study loan somewhere?
2.What Happens if I can’t repay my instalment?
We have a number of ways to help people who struggle to make their monthly payments. One of our options is that you take a break from your studies, for three months. In this time you don’t study, and you also don’t pay. We can also try and reduce the monthly amount, and then you pay for extra months to make up for the lower monthly fee. If you lose your job because you are retrenched, then you need to give us proof of your retrenchment, and then you can keep on studying for free.
3.What happens if my study loan is approved?
Your approval for a study loan can only be used with the college you selected in the application process. When your loan is approved, the College is informed, and a Registrar from the College will contact you to complete your Registration. If a Registrar is available in the study loans office, then you will be contacted from there directly to complete your Registration.
4.What happens if the payer of my study loan passes away or gets retrenched?
You need to give us proof of retrenchment, or proof that the person has passed away. Once you have submitted proof, and it has been approved and accepted by us, then you continue your studies for free.
5.Who can apply for finance from?
Anyone wanting to study with one of the colleges listed on the site.
6.If the student is currently studying with one of these colleges, can he/she apply for an additional study loan?
Yes. The student’s past payment record will be used in determining if we approve a loan. All students on study loans have to sign a fixed term contract. This means that the student has to make all payments, until the complete course fee is paid.