Options for Financial Assistance (Grade 11 NSC Matric Life Orientation): Flashcards
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Four types of financial assistance in SA
Four types of financial assistance in SA
Bursaries, study loans, scholarships, learnerships
Bursary definition
Bursary definition
Money for studies, usually no repayment required
Study loan definition
Study loan definition
Money lent for studies, must repay with interest
Scholarship definition
Scholarship definition
Money awarded for exceptional performance, no repayment
Learnership definition
Learnership definition
Work-study programme paying you while learning
Bursary minimum average requirement
Bursary minimum average requirement
At least 65% in final year
NSFAS loan to bursary conversion max
NSFAS loan to bursary conversion max
Up to 40% can be converted if performing well
Number of SETAs in South Africa
Number of SETAs in South Africa
21 SETAs
NSFAS repayment starts at salary of
NSFAS repayment starts at salary of
R30,000 or more per year
Typical learnership monthly allowance
Typical learnership monthly allowance
Around R2,500 per month