Types of financial assistance Flashcards
(21 cards)
What are the options for financial assistance
Bursaries, Study loans, Scholarships, Leaderships and SETAs
What is a bursary
A bursary is an amount of money that you are given to help pay for your studies at a higher education institution
What is a Study Loan
Money lent to you by a bank so that you can study
What is a scholarship
Money that a company, business or organisation awards you because you did well at school (sports too)
What are Learnerships
A job that pays you while you are studying
What does SETA stand for
Sector Education and Training Authority
Where do you get a bursary
You can get it from a company or business or higher education institution
How do you qualify for a bursary
65% ave +
Can’t afford studies
What is expected from you if given a bursary
Dala what the company does, study what they do as a company.
Where can you register for a bursary
Library or higher ed institution
What are the requirements for FET college bursaries
SA citizenship
enrolled for NCV
Need the klipa
Show tank marks for gr11 ,12
What is required for you to be able to get a study loan
You need to be registered at a higher ed institution
Where can you get study loans from
Bank -
Eduloan -
National Student Financial Scheme (NSFAS) -
how do you get a study loan from a bank
Your parent or sponsor applies for it
They must be able to pay it back monthly
What is a Eduloan
They are loans that cover course fees ,textbooks laptops alles
who does NSFAS give loans to?
Cher it too kak poor owens who have high water potential if the owens skit they don’t have to pay like 40/100 of loan
What does a learnership entail
Set up by a SETA, you sign a contract and it ends when your qualified
pay while you study , you get payed to practice the skills you study
Stupidest example of a SETA
CetaSETA
If you given a bursary from a bank what are the financial arrangements of it
You have to pay it back otherwise you work for the company to pay it back
When do you have to pay back bursaries
When you fail , you either pay or work for the company (sometimes )
What is a contract bursary
A bursary where you have to work for the company to pay it back
