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Standard Bank Student Loan 2024/2025

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Standard Bank Student Loan 2024/2025

Standard Bank Student Loan

If you have been searching for Standard Bank Student Loan 2024/2025, standard bank student loan calculator, standard bank student loan application form pdf, standard bank student loan statement, standard bank student loans telephone number, standard bank student loan application form download, absa student loans, standard bank student loan what does it cover, fnb student loan, then you are in the right place.

WHAT IS A BURSARY?

According to Wikipedia, A bursary is a monetary award made by an institution to individuals or groups of people who cannot afford to pay full fees. In return for the bursary the individual is usually obligated to be employed at the institution for the duration as the bursary. According to The Good Schools Guide, a bursary is “usually for helping out the impoverished but deserving and those fallen on hard times.

According to The Hobsons UK Boarding Schools Guide, numerous independent schools have bursary capability, namely grants from the school to help pay education fees. These are usually awarded after a “means test” of family income and are not necessarily dependent on examination performance, although some account of academic ability will be taken. Bursaries may be awarded in addition to scholarships where financial need is demonstrated and the prospective student would otherwise be unable to enter the school.

To obtain such a bursary, it is customary for parents to be asked by the school’s bursar to fill in an application form, giving details of their financial circumstances, supported by documentary evidence, including capital assets. The application will be considered by the school in accordance with its bursary policy. The award will often only remain in force until the pupil has sat the next relevant public examination. Most schools will review bursaries annually to ensure that the justification for an award remains. In Britain any award made before GCSE will not necessarily continue to the A-level stage.

Bursaries are similar to “scholarships” or “prizes“, which are based on performance. These awards are generally given for good performance in the exams preceding university or college entrance in which the student achieves grades above the standard entry. These can be awarded by universities or, sometimes, by companies

THINGS TO KEEP IN MY WHEN APPLYING FOR A BURSARY

A lot of students are usually confused when it comes to scholarship or bursary application. When they have answered the most difficult question of where to start, then the other process becomes seamlessly easy for them. Basically that’s why we have decided to include this post to enable you successfully apply for bursaries especially for this year to aid your academic cause. The following are those important things to note before applying for a bursary.

  1. Most bursaries will request for your Latest Academic Record duly signed from your school, your ID document, evidence of tertiary application and most importantly an authentication that you were accepted. Similarly, some bursaries will require you to provide another proof of Guardians or Parent’ source of income and residence. After successfully sorting out these documents, then your next step is to ensure you verify your documents. If you don’t know how to, simply visit any commissioner of oath at a post office, bank or police station.
  2. Integrity they say is telling myself the truth while honesty is telling the truth to other people. Honesty is more than not lying. It is truth-telling, truth speaking, truth living, and truth loving. Therefore, you must ensure that whatever information you are providing is the truth and nothing but the truth. Fill all blank spaces with correct data. No legacy is so rich as honesty.
  3. A whole lot of students apply for bursaries without having any references at all and in other cases have references that can’t be reached. Most times this is the first step to not getting the bursary you have applied for. If you need the bursary you are applying for and you want it, then go ahead and find references with correct contact addresses.
  4. A lot of students also don’t have enough writing skills to win their desired bursary which can prove to be a stone in the neck in the long run. Therefore it is highly advisable that you write a highly convincing and motivational cover letter that will make anyone accessing it believe before he begins to even read it. Things such as why you think you should be awarded the bursary especially more than the other several thousand applying, how you can contribute to society when you have finished your program in school and especially how getting the bursary will be a stepping stone to achieving your dreams and changing your future for good.
  5. A lot of students apply for bursaries and go to sleep which is very bad. When you apply for any bursary, ensure you regularly and consistently check your Emails and your phone text messages to be sure you have not or have received a message from those assessing your application.
  6. Lastly, ensure you always check for bursary deadlines or closing dates so you can know exactly when to apply.

The University of Johannesburg was established in 2005 when a merger occurred between the Rand Afrikaans University (RAU), the Soweto and East Rand campuses of Vista University and the Technikon Witwatersrand (TWR).
Below is a list of bursaries specifically for UJ students (current and prospective). See which bursaries are applicable to you and follow the simple instructions on how to apply.

SB student loans are used to pay for tuition, books, study equipment and accommodation (this only applies to full-time students who are not residing with their parents).

The money for tuition fees will be paid directly into the institutions’ account and accommodation fees will be paid to the place of residence. The balance of the funds for other study expenses will be paid into the students Standard Bank transnational account

Study loans are only granted for a certain amount of time, therefore students must reapply each year.

WHAT IS A “SURETY”

This is someone who will be liable for your debt should you not be able to pay it back. This is usually a parent or guardian.

You will need a surety if:

  • you are under 18 years old
  • you are studying full-time
  • you are studying part-time and earning less than R5000/ month

PAYING BACK THE STUDY LOAN

Full-time students: the surety must pay back the monthly interest while studying, and the student must pay back the loan on completion of studies.
Failure to complete your studies will result in the immediate payback of the loan.

Part-time student: Students must pay back the loan upon starting studies. Payment must be made by monthly debit order.

ELIGIBILITY

Applicants must satisfy the following minimum entry criteria before applying:

  • Have registered to study at an accredited tertiary institution in South Africa
  • Studying towards a certificate/ diploma/ degree/ postgraduate degree or diploma qualification
  • Passed the previous year of study (usually Matric)
  • For diploma and degree studies, your surety must earn at least R3000/ month
  • For certificate and other studies, your surety must earn at least R5000/ month
  • If you are part-time students earning more than R5000/ month, you do not need a surety

HOW TO APPLY

Apply online at: https://youth-applications.standardbank.co.za/mystudentloan/
Alternatively, you can apply in person at your closest branch.
You will be required to submit the following supporting documentation with your application:

Document Full-time student Part-time student Surety
Identify Document YES YES NO
Parents/ Guardians Identify Document (minors only) YES YES NO
Proof of study expenses (tuition, accommodation, books etc) YES YES NO
Proof of tertiary registration or acceptance YES YES NO
Latest academic record YES YES NO
Proof of residence YES YES YES
3 months latest bank statements (non-SB clients only) NO YES YES
Latest payslip NO YES YES

 

 

 

 

If you would like to find out if you qualify for a Standard Bank student loan before applying, please visit: https://youth-applications.standardbank.co.za/mystudentloan/apply/pre-approval

 

That’s the much we can take on the topic “Standard Bank Student Loan “.

Thanks For Reading

O3SCHOOLS TEAM

 

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