Options for Financial Assistance (Grade 11 NSC Matric Life Orientation): Quizzes

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Options for Financial Assistance
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How many main types of financial assistance are available to South African students?

Four

What is the key advantage of bursaries over study loans?

Usually don't have to pay them back

What average do you typically need to maintain in your final year to qualify for a bursary?

65%

What percentage of an NSFAS loan can be converted into a bursary if you perform well academically?

Up to 40%

What are scholarships usually based on?

Academic merit or sporting achievement

What is a learnership?

A work-study programme that pays you

How many SETAs are there in South Africa?

21

At what annual income does NSFAS loan repayment start?

R30,000 or more

For contract bursaries, how long must you typically work for the company per year of study funded?

One year

What monthly allowance might learnerships pay, according to the note?

Around R2,500

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