Paying for higher education can feel stressful. Many students and parents worry about how to afford university or college fees. The good news is that there are many funding options for studies South Africa today.
From government help to private loans and bursaries, students are not alone. Understanding your options makes it easier to plan and avoid financial surprises later.
This article explains the different types of student funding South Africa offers in a simple way. You’ll learn how to pay for studies, what help is available, and how to apply.
What are the different types of university funding in South Africa?
There are several ways students can get financial aid in South Africa. Each option works differently and has its own rules.
1. NSFAS funding
NSFAS (National Student Financial Aid Scheme) is a government-funded programme. It helps students from low-income households pay for their studies. NSFAS usually covers:
- Tuition
- Accommodation
- Books
- And a monthly allowance
This funding is mainly for public universities and Technical and Vocational Education (TVET colleges).
NSFAS funding explained simply: if your household income is below the required limit and you meet academic rules, you may qualify. NSFAS funding doesn’t need to be repaid if you pass your courses.
2. Bursaries and scholarships South Africa
Bursaries and scholarships in South Africa are provided by companies, government departments, and private organisations.
- Bursaries often require you to work for the company after graduating.
- Scholarships are usually based on good academic performance or special skills.
Some bursaries cover full study costs, while others only pay part of the fees.
3. Study loans South Africa
Study loans in South Africa are offered by banks and private lenders. These are also called student loans and happen when you borrow money and pay it back over time, with interest rates added.
Payments usually start after you finish studying or once you earn an income. A parent or guardian often needs to sign as a guarantor.
4. Private student funding
Private student funding includes loans, payment plans, and education finance companies. These options are useful when NSFAS or bursaries aren’t available. They are flexible but usually include higher interest rates.
5. REGENT Business School funding options
REGENT Business School offers flexible payment plans to support students. This way, students can pay off their studies in a more manageable way. Many students use a mix of loans, bursaries, or payment plans when one option isn’t enough.
6. Employee education assistance
You can also consider asking your employer to fund your studies. This is referred to as employee education assistance and is a type of support where employers help their employees pursue education or training to improve their skills.
As the skills gap widens amid advancing technology, more companies are sponsoring employee development to keep their businesses competitive.
How can I get funding for my studies?
Getting funding starts with planning early. First, decide where and what you want to study. Then research the funding options available at that institution.
Here are simple steps to follow:
- Check if you qualify for NSFAS or bursaries.
- Gather your documents (ID, academic records, proof of income).
- Apply early, as many funding options have deadlines.
- Consider study loans if other options are not approved.
Many institutions allow you to apply online, which makes the process easier and faster. Always read the rules carefully so you understand repayment terms and interest rates before accepting any offer.
How much is the monthly payment on a student loan?
Monthly payments on study loans South Africa depend on three things:
- The total amount borrowed
- The interest rates
- The repayment period
Example 1: If you borrow R60,000 with an interest rate of 10% over 5 years, your monthly payment could be around R1,300 to R1,400.
Example 2: If you borrow R100,000 over 10 years at a similar interest rate, your monthly payment may be about R1,500 to R1,700.
Most banks offer student loans — some with better interest rates than others. Always ask the lender for a full breakdown, so you know exactly what you’ll pay back over time.
FAQ
Can I combine different funding options?
Yes, you can combine different funding options in South Africa. Many students use more than one type of student funding to cover all their study costs.
For example, a student may receive a bursary or scholarship that pays tuition fees, while using a study loan to cover accommodation, textbooks, or transport. Some students also use family support together with private student funding.
Combining funding options is common and allowed, as long as each funding provider is informed. This approach helps reduce financial pressure and ensures that all study-related expenses are covered.
It’s one of the most practical ways to manage how to pay for studies when one option alone isn’t enough.
Are Higher Certificate programmes eligible for funding?
Yes, some Higher Certificate programmes are eligible for funding in South Africa. Several higher education funding options in SA support Higher Certificate studies, depending on the institution and the funding provider.
- NSFAS funding may apply to Higher Certificate programmes at approved public institutions.
- In addition, many private student funding providers and study loan options also support Higher Certificate qualifications.
- Plus, some institutions offer payment plans or guidance on external funding.
Before applying, students should confirm whether their chosen programme is accredited and recognised for funding. This is especially important when planning long-term academic progression.
Are there funding options for part-time or online study?
Yes, there are funding options for part-time and online study in South Africa. While NSFAS is usually limited to full-time study, many study loans and private student funding options are available for part-time or online programmes.
Banks and private lenders often support flexible study formats, especially for working students. Some institutions also offer payment plans to help manage fees over time.
If you plan to study part-time or online, it’s important to check the funding requirements early and compare interest rates and repayment terms before applying.
What happens if my funding application is unsuccessful?
If your funding application is unsuccessful, you still have other options. Students can apply for alternative types of financial aid, such as private study loans, bursaries, or institutional payment plans.
It’s also a good idea to contact the institution’s student support or admissions team. They can help explain why the application was declined and suggest alternative funding options for studies in South Africa.
Being declined once doesn’t mean you cannot study. Many students are funded by exploring more than one option or reapplying with updated documents.
Study at REGENT
REGENT Business School offers accessible and career-focused programmes with strong student support. We offer flexible payment options to make studies more accessible.
Have a look at our various programmes here:
If you’d like to learn more about our fees and funding support, you can speak to the admissions team or apply online.
