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This is a loan provided by a bank, university or other institution. Your parent or sponsor acts as a “guarantor” for the loan. If you have a parent, guardian or sponsor with a steady job, you might get a student loan to pay for your tuition fees and even books and accommodation.

The money borrowed must only be paid back at the end of your studies.  But, from the start, your family/sponsor will have to pay each month an “interest” on the loan.



  • Do not take a bank loan if you/your family will not be able to pay it back!

  • First approach a bank where your family has already an account. It is often easier to get a loan if your family has a saving account.

  • Always ask what the monthly repayments (payments) are going to be and find out about interest.

  • Negotiate the interest rate and compare options from various banks.

  • Check the conditions of the loan very carefully. For instance, some loans demand that if the student fails his/her exams at any stage, the full amount of the loan must be repaid immediately!

  • Be suspicious of private organisations. Never agree to purchase an application form. Never offer a bribe.

  • Do not borrow too much. Try rather to find a sponsor for your studies through your parent’s employer.

  • Try to find a part-time job or work full-time and attend evening classes. It is easier to get a loan!



This company helps parents (employed by the government or companies which have signed an agreement with Edu loan) to spread the payment for tuition fees and study materials over 10 months. It offers also study loans to part time students, who are working during the day. The interest rate is better than for bank loans. - SMS 'edu' to 32150

1. What is a Study Loan?
2. Our Advice
3. Check Out Edu Loan
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