How to Pay for Your Studies

Want to study further but worried that you can’t pay for your course? We’ve got you covered. Take a look at how to pay for your studies. You’ll be all set to further your studies.

Studying further and earning a qualification is a great achievement. But to take the first step towards higher learning, you need to have funding. If you’re not sure where to look, we can help you in the right direction. Take a look at how to pay for your studies and secure your future.

Guy holding up his bank card and cellphone. How to Pay for Your Studies

Research Options Available to you

There is plenty of funding and financial aid available to students in South Africa. So before you settle, research the options available to you. Find out from the institution what type of funding you qualify for based on your household income and matric or course marks. Do this ahead of time to avoid any delays that might stop you from registering for the course. 

How to Pay for Your Studies

Feeling stressed that you may not be able to pay for your studies? Well rest assured. You have options available to help you earn the finances you need to pay for your studies. The best part is that some of these options will help you gain experience and an income at the same time.

Bursary

The top option when it comes to paying for your studies is getting a bursary. Students who meet the requirements and need financial aid can apply for a bursary. It covers the cost of your tuition. Some bursaries even give students a travelling allowance, food vouchers and cover accommodation.  

Study Loan

As the name suggests, a study loan is financial assistance which you will need to pay back after completing your course. It covers your study fees and even additional resources like textbooks. You can get a student loan from a bank, private company or the institution you are studying with. 

Card machine. How to Pay Your Studies

Scholarship

Allow your academic achievements to open the way to help you find your studies. Scholarships are awarded to students based on their results. You get financial aid that can pay for tuition valid for a year. After that, you need to meet the requirements to qualify for a scholarship the next year. 

Work While you Study

Did you know you can complete your studies part-time as well? Whether you head to campus after hours or study via distance learning, you can now earn while you learn. You’ll be able to receive an income which will allow you to pay for your tuition.

Study Through Your Company

Having skilled staff is a great asset to all employers. So take this opportunity to study through your company. When an employer is registered with a SETA, they are able to fund the development of employees through skills levies.

Find a Job on Campus

Take your college experience to the next level by finding a job on campus. You could become a mentor helping first year students, become a tutor or even a research assistant. You’ll be able to earn an income or even a bursary by having a job on campus.

Start a Side Hustle

Have a business idea that can rake in a pretty penny? Then start a side hustle to help you pay for your studies. You could use these funds to cover the costs of  your textbooks or additional resources. Great side hustles include doing makeup, freelancing and becoming a nanny.

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Last Updated: June 2, 2022

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ABOUT THE AUTHOR:

Charnell Ward
Charnell Ward
Charnell is a top-class content creator at Skills Academy. She creates engaging content with the aim to provide useful information on distance learning and further study opportunities. Her passion for writing goes beyond her career, as she enjoys writing short stories and volunteering as a writer in her free time. View my LinkedIn profile