Paying your study loan
When you receive a NSFAS study loan, your first responsibility is to repay the confidence shown in you by studying hard, graduating and going on to enter the workplace. Unless you're a selfish individual, your responsibility does not stop there.
Others have dreams too
You now need to repay your study loan.
NSFAS has made it easy for students to repay their study loans by only asking for payment when you get a job and only requesting payment if your salary is R30 000 or more per annum. And we only ask for 3-8% of your salary. Remember, whatever your student loan is, when you graduate and find a job, it will be nothing compared to your earning power over your working life. Keep the bigger picture in mind.
Study hard, reduce your loan
If you study hard, you can reduce your loan by having parts of it converted to a bursary. This is a big incentive to work hard while studying. But if you drop out, you are still required to repay your loan - what a waste of time, money and potential!
Make a commitment
As the future of this country, you should be concerned about unpaid funds that will impact negatively on the next generation of prospective students. More young people will be able to enter the education system in the future the more the outstanding loans are settled. So, think about it. Don't waste the opportunity.