Category Archives: Bursary, Grants, Financial Aid

How to manage your student debt and loans

Student debt management
A new year has begun and time to make some new year resolutions. If you are reading this, it is a fair to say that you are a student with a student debt hanging over your head. Do you feel that you are making no progress with your debts? Do you feel stuck dealing with the same student loan month after month and getting nowhere? Do not despair, if you are willing to exercise some creativity you can reduce your debt much faster than you think.

Over the last few years, student debt is one of the only forms of debt that has grown eclipsing auto loans and credit cards. In many cases, students do not understand the gravity of their student debts and how to manage this debt. Most students who have taken out student loans are very aware of their debt burden and are always seeking out guidance on how to manage their student debt.

When it comes to managing your student loans and debts, by far the best approach is remain calm and think logically about how you can reduce your debt. Take a step back and look at your debt burden from different vantage points, make a list of your obligations, think about your objectives, and always remember that there are always options.

With a new year starting, here are few ideas to help all those student with debts to start the year on the foot and tackle their student debts and loans head on.

  • Always have a positive attitude. Achieving any goal requires determination and a feeling that you can succeed.
  • Make a list of all your debts with the highest listed at the top.
  • Make sure you understand your loan conditions and requirements, make a plan and create an accurate repayment schedule.
  • Look to study at a college that assists you to rely less on student loans.
  • Be realistic and know your limits. Don’t borrow more to get your degree than the salary you can reasonably expect to make in your first year out of school.
  • Contact your lender and inform them that you wish to prepay your loans and reduce your interest payments.
  • Set up an automatic payment system to avoid missing any payments.
  • Pick a student loan and repayment plan that suits your needs.
  • Double your student debt payments cut your student loan faster. with any extra cash available, try repay your debt principal.
  • While you may want to spend your paycheck on a nice big place of your own, living frugally and somewhere affordable is the best way to save money – money that could be directed to paying off your student loans.
  • Check with your accountant or tax planner to see if your loans are tax-deductible.
  • Make a budget and start living below your means. The key to any sound financial planning is to spend less that make and save the difference.
  • Consider asking your employer if they would be willing to include student loan repayment reimbursement as part of your benefits package.
  • If you are fortunate enough to own a home with some equity, try to refinance and benefit from the potentially lower cost debt that may be tax-deductible.
  • It might seem obvious, but try to pay more than you are required to each month and reduce your loans faster.

Paying back your student loans can be intimidating but don’t freak out. Believe in yourself and understand that you can pay back your student loan even if it takes a little time.

Financial Aid and Bursaries in South Africa

South African bursaries
In today’s economy, work and jobs are scarce and skilled workers are in great demand. Bursaries are offered across all industries to students to further their studies after completing a high school diploma and obtain a higher education qualification at a local college or university providing them with better opportunities and future career.

What is a Bursary?

A bursary is a program that provided financial assistance to students by personal individuals or companies. This means that students who qualify for a bursary will receive funds in order to further their education. Most important, bursaries are for those students who require financial assistance. The student will receive money to cover their studies and gain a higher qualification.

Most bursaries do have terms and conditions attached, and some require students to work for the companies that offer them bursaries to pay back the loans after they have completed their studies. Some bursaries aim to complete pay for a students tuition, while some supplement the student fees.

How do bursaries work?

In order to follow a professional career you need an education. However, for some individuals this is not possible due to financial strains. This is when a bursary is the answer. Take note that a bursary is not the same as a scholarship. Scholarships only cover tuition fees and is based on merit, wile bursaries cover tuition as well as book fees, living allowances, pocket money and in some cases a guarantee of work after successful completion of studies.

Do you qualify for a bursary?

In most cases bursaries are offered to those students who are in need of financial aid, and show a dedication to further their education. It is not recommended to apply for any and all bursaries available, but rather for those that you qualify for. If you choose to apply for a bursary make sure that you qualify and meet all requirements as specified in the bursary application. Before applying for any bursary make sure you do a thorough before applying and compare different bursaries and what they offer so that one applies to a suitable bursary. A candidate must make sure that all criteria is met for the requirements as not to waste their and the companies time.

Before applying for a bursary

Before applying for any bursary, you need to decide on a career and professional working career to want to follow. Most bursaries have specific terms and conditions that need to be met so you should look at the companies that offers bursaries in your chosen career path and see if you are a fit for their needs.

Where to find bursaries?

To a find a bursary that is right for you, simply do a Google search for bursaries in South Africa. To help you get started, here is a short list of websites where you can find a bursary that fits your career dreams:

Bursaries SA
Khetha
SA Bursaries
NSFAS

Other articles to read with more bursary opportunities:

South African Institutions and Companies offering Bursaries Part 1
South African Institutions and Companies offering Bursaries Part 2
South African Institutions and Companies offering Bursaries Part 3

Have you had dealings with NSFAS? Please complete survey

NFSAS News 24 Survey

Student protests around the country over the past week or so have really captured the imaginations of South Africans and raised conversations and debate around funding for education. But the protests and concerns, as we know, are not new. Many university students and particularly previously black-only institutions have been decrying financial exclusion fees and other issues for years now.

NSFAS (National Student Financial Aid Scheme) – its working, its funding, its ability to get money back from loans granted in the past – is also coming to the fore once again. It’s the National Student Financial Aid Scheme. They’re currently giving aid to just over 420 000 students a year.

Have you had any dealing with NSFAS? We want your feedback. Whether good or bad, what’s been your experience of the NSFAS financial aid programme?

To complete the News24 2-minute survey – CLICK HERE

Are you looking for a Bursary in South Africa?

Bursaries in South Africa

Are you looking to further your education and create better working opportunities for yourself but struggling to find the financial means to do so? Perhaps you should think of applying for a bursary. Currently in South Africa work is scarce and skilled workers are in great demand!

Bursaries are sponsorships given by companies to qualifying students to study further and achieve a great qualification for better work opportunities and a decent future.

What is a Bursary?

A bursary is a monetary award made by an institution to individuals or groups of people who cannot afford to pay full fees. It is a monetary award that is granted on the basis of financial need. This means that funds are made available by a company for a student who wants to study further and who qualifies can do so but moreover need the financial assistance to do this.

Bursaries are not the same as scholarships. Scholarships are merit-based and are awarded for academic achievement. Bursaries are financial-need based awards that do not have to be repaid with money. However some bursaries require that you ‘pay back’ your bursary by committing to work at your benefactors company for a period of time, usually for the same amount of time that the bursary was supplied for.

Work back your Bursary

However some bursaries require that you ‘pay back’ your bursary by committing to work at your benefactors company for a period of time, usually for the same amount of time that the bursary was supplied for. Not all bursaries have this requirement.

How to find a Bursary?

To help you get started and find the right bursary for you, here is list of sources and companies offering financial aid to students:

National Student Financial Aid Scheme
SA Bursaries
Bursaries SA
goStudy
Africa Education
SA Study
Career Help
ETDP SETA
Funza Lushaka Bursary

For more information click here

EPT Aviation Training Bursaries

EPT Aviation Bursary
EXCITING NEWS! BURSARIES ON OFFER!

We are pleased to announce that we are running a bursary competition with two bursaries on offer i.e.

1 x for cabin crew member licensing training and
1 x for passenger ground handling training.

These bursaries are open to all candidates.

BURSARY REQUIREMENTS

In order to enter into this completion you are required to email us the following documentation:

– A copy of your Identity document
– A completed model release form. This form must be downloaded from the attachment below and then printed, signed and scanned back to us
– A close-up, full length photograph of yourself dressed in an outfit resembling an airline uniform (only 1 photograph of your choice).

Please note that all the items listed above must be attached to 1 email and sent to us and only be sent once. Any incomplete application will not be considered. Confirmation of receipt will be sent to Applicants within a week of sending their documentation.

Photographs / documentation must be emailed to: competition@eptaviation.com

COMPETITION DATES

The competition opening date is on the 15th May 2015 and the closing date is 12th July 2015. All photographs will be posted on our Facebook Page on the 13th July 2015. The candidate obtaining the most “Likes” by the 14th of August 2015, will be awarded the cabin crew member licensing bursary and the runner up, the passenger ground handling bursary.

BURSARY TERMS AND CONDITIONS

The following terms and conditions apply. By submitting the required documentation and photograph, you agree to the terms and conditions below:

• No late submissions will be considered
• Photograph must be emailed as a Jpeg attachment and only 1 photograph must be sent
• Candidates must be 18 years or older
• Course attendance dates will be prescribed by EPT Aviation Training
• Candidates must be proficient in English.
• Non South African residents are responsible for their own travel documentation.
• Be in possession of a matric or NQF Level 4 certificate.
• On submission of your photograph, you will be required to sign a model release form which allows for your photograph to be used for EPT Aviation Training promotional purposes only.
• Only once we have received the photograph, the signed model release form and the copy of your identity document will your entry will be considered complete.
• The winner of the cabin crew member licensing course will be required to undertake the aviation medical at their own expense. This medical certificate must be presented on the first day of training.
• Bursaries do not include accommodation or transportation costs.
• Bursaries are not transferable.

ADDITIONAL INFORMATION

Should you require any additional information regarding the course requirements for cabin crew and passenger ground handling, contact admin@eptaviation.com or inbox us your email address on our Facebook Page.

We would like to wish all our contestants lots of luck and hope you have loads of fun for the duration of the competition.

COURSES AVAILABLE FROM EPT AVIATION

To view a list of training courses we offer CLICK HERE