There are more than two types of financial assistance that can be applied for after Grade 12 to study. Many students usually ask themselves, “what can i do to help fund my further studies?” The most obvious financial assistance that can be applied for after Grade 12 are: Bursaries and Study Loans. However, there are more beneficial and enriching study assistance available for learners who passed Grade 12. Have a look below.
6 Types of Financial Assistance that can be applied for after Grade 12 to study
On this section we will iscuss options for financial assistance related to higher education in South Africa
A bursary is money that you are awarded to enable you to complete your studies at a higher education institution.
You could be awarded a scholarship in the form of financial aid to help you further your education. Scholarships are awarded according to different criteria. A merit scholarship will be awarded according to your academic, artistic, athletic or other abilities or achievements.
#3 Sector Education Training Authority (SETA)
SETA stands for Sector Education Training Authority. There is a SETA for each economic sector in South Africa, for example:
- Wholesale and Retail SETA;
- Services SETA;
- Education, Training and Development Practices (ETDP) SETA;
- Culture, Arts, Tourism, Hospitality and Sport SETA (CATHSSETA),
SETAs are responsible for co-ordinating training and development in their sector. For example, there is a wholesale and retail sector, a services sector, a transport sector and so on.
The option of a learnership is for you if you are a South African citizen, have left school, don’t have money to pay for your studies, want to study, and don’t qualify for a bursary. A learnership enables you to work and obtain a qualification at the same time.
If you are interested in entering an artisan trade occupation, then you need to consider doing an apprenticeship. An apprenticeship is a combination of workplace learning together with learning directly related to the artisan trade occupation.
In South Africa an internship will apply to you once you have completed your studies. An internship will provide you with workplace experience. Internships are usually between six months to one year in duration. As an intern you will work under a supervisor who will give you specific tasks to do and will evaluate your work.