Loans for Foreign Students in South Africa

Loans for Foreign Students in South Africa

The world has become a global village. Skilled individuals are free to choose the countries in which they wish to work. More students are choosing to further their education in foreign countries too. While some make this choice and are able to afford to fund their studies from their own pockets, others are afforded the opportunity by their parents who want to give them the best opportunities.  

South Africa has a number of world-class tertiary institutions that provide quality education that is on par with international standards. This has made this country an increasingly popular destination for foreign students.

In recent years there has been a considerable increase in the number of international students arriving to pursue their studies in South Africa.

Since 2007 there has been an 8% increase in this number, while most of the foreign students are from neighbouring African nations.

A financing option that is available that specialises in providing loans for foreign students in South Africa, is the South Africa International Student Loan

South Africa International Student Loan can help support your higher education. This loan, which funds tuition, accommodation and living expenses, is available to US citizens.

Foreign students from SADC countries are often given the opportunity to apply for financial aid at the tertiary institution at which they are employed.

Many student loan institutions in South Africa are registered with the National Credit Regulator (NCR). Creditworthiness of applicants can be determined with the use of a South African ID.  For this reason, many financial institutions offer loans strictly to individuals who are South African citizens.

As a foreign student seeking a student loan in South Africa, the best solution may be to find an employed South African citizen who will be able to pay for your loan on your behalf.

Categories: Student loans