Education and Training Minister Blade Nzimande said on Monday that R150m has been set aside to finance students who are studying courses that will address South Africa's skills shortages.
Nzimande said that the National Student Financial Aid Scheme (NSFAS) would receive the R150m funding to address scarce skills from the National Skills Fund.
He said the allocation was part of a process to consolidate all sources of bursaries and loans under the NSFAS.
Of the R150m there would be an allocation of R22.9m to 820 first year students; a R7m bursary scheme targeting rural students who have done well in the 2010 National Senior Certificate examinations and R21m allocation for 300 first year bursaries for students with disabilities.
He said the balance of R99.1m would be allocated to students who were already studying in the fields where there was a scarcity of skills.
However, there are still many students who need to seek alternative funding if they want to further their studies.
If students cannot get a bursary, the best option is to apply for a student loan. The repayment terms of student loans will depend on a variety of different options.
If you have just left school and you want to further your education, consider applying for a student loan with Justmoney.co.za.
State makes funding available for skills shortage
Recent Articles
Featured Personal loan or business loan? The best way to finance your business
When starting your own business, you may have to rely on external funding. Perhaps you qualify for a personal loan, but would it be better to take out a business loan instead? We got in touch with a specialist to find out whether it’s best to take out a business loan or a personal loan to assist you with your ongoing business or start-up.
What to do when you’ve been denied a home loan
After months of scanning property sites and attending showhouse after showhouse, you’ve finally found what you’ve been looking for. But your dream of owning a home comes crumbling down when you receive the news that you’ve been denied a home loan. So, what now?
Best travel cards offered by top South African banks
Planning a trip abroad involves a lot of administration. You need to consider travelling arrangements, reasonable accommodation, and a daily itinerary. But have you considered how you’re going to pay your bills once you arrive? Besides considering bank costs, you also need to consider exchange rates.
Best ways to save your money short-term
For many, it seems close to impossible to save when spending on holiday getaways, Christmas gifts, while also trying to ensure there’s money left to survive January. Justmoney takes a look at the best ways you can save during the short term.
Deals
Takealot January Big Sale
Price: Available on request
When: Until 31 January 2020
Where: Online
Annique Restore Package Special
Price: From R600
When: Until 31 January 2020
Where: Centurion
Ster-Kinekor Senior Citizens Discount
Price: Available on request
When: Daily
Where: Nationwide
Our suppliers and companies we review
