How do I check my SASSA Ewallet balance?

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You can check your SASSA balance via your phone by following the below steps:

  1. Dial *120*3210# on your phone
  2. Follow the prompts

If the above USSD code and balance check do not work, then try the following:

  1. Dial *120*69277# on your phone
  2. Follow each step
  3. You should then get an SMS notification

SASSA (South African Social Security Agency) does not directly provide an eWallet service. However, if you are referring to the SASSA card or another type of prepaid card linked to SASSA benefits, the process may involve checking your card balance through different methods. Please note that services and features may change, so it’s recommended to check with SASSA or the relevant financial institution for the most up-to-date information.

Here are general steps you might follow to check the balance on your SASSA card or associated prepaid card:

  1. Use ATM: You can visit any ATM that accepts the SASSA card or the specific prepaid card associated with your benefits. Insert your card and follow the prompts to check your balance. Typically, there is an option for “Balance Inquiry.”
  2. Contact the Card Provider: The SASSA card or associated prepaid card is usually issued by a specific financial institution. Check for contact details on the card, and you can call the customer service number to inquire about your balance.
  3. Check Online (if applicable): Some prepaid cards have online portals or mobile apps that allow users to check their balances. If your card is associated with an online service, log in to the portal or app to view your balance.
  4. Visit a Bank or SASSA Office: You can visit a local bank branch or a SASSA office where the card was issued. Staff at these locations can assist you in checking your card balance.
  5. SMS Inquiry (if applicable): Some card providers offer SMS services for balance inquiries. Check the information on your card or contact the card provider to see if this service is available.
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Please note that the specific steps may vary based on the type of card you have and the financial institution associated with it. If you are unsure, it is recommended to contact the SASSA helpline or visit a local SASSA office for assistance. Always prioritize official communication channels to avoid potential scams or misinformation.

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Student Loans in South Africa: How to Apply and What to Expect

For many young South Africans, accessing higher education is a dream that often comes with a financial challenge. Fortunately, several student loan optionsstrong> are available in South Africa to help fund university, college, or TVET studies. Whether you’re looking for a government loan like NSFAS or a private student loan from a bank, understanding the process is essential for success.

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What Are Student Loans?

Student loans are a form of financial aid provided to eligible students to help cover tuition fees, books, accommodation, and other study-related expenses. In South Africa, these loans can come from government institutions like NSFAS or private banks such as Nedbank, Standard Bank, FNB, and Absa. Most loans offer repayment flexibility and low-interest options until you graduate.

Types of Student Loans in South Africa

  • NSFAS (National Student Financial Aid Scheme): A government-funded loan/grant program for students from low-income households. Covers tuition, housing, transport, and meals.
  • Bank Student Loans: Offered by most major banks. These are credit-based and require a guardian or parent as a co-signer.
  • Private Loan Providers: Companies like Fundi offer educational loans covering various costs such as school fees, gadgets, and textbooks.

Requirements to Qualify for a Student Loan

Each provider has its own criteria, but most South African student loans require the following:

  • Proof of South African citizenship or permanent residency
  • Proof of registration or acceptance at a recognised tertiary institution
  • Parent or guardian with a stable income to co-sign (for private loans)
  • Completed application form with supporting documents (ID, proof of income, academic records)

How to Apply for a Student Loan

To apply for a student loan in South Africa, follow these steps:

  1. Identify your loan provider: Choose between NSFAS, a bank, or a private lender.
  2. Gather necessary documents: ID copies, academic transcripts, acceptance letters, and income statements.
  3. Complete the application form online or at a branch.
  4. Await approval: Some banks offer instant decisions, while NSFAS can take a few weeks.
  5. Receive disbursement: Funds are typically paid directly to the institution or your account, depending on the lender.

Loan Amounts and Repayment

The loan amount you can receive depends on your chosen lender and financial need:

  • NSFAS: Covers full tuition, residence, books, and a personal allowance. The loan becomes a bursary if you pass all your courses.
  • Banks: Can provide up to R120,000 or more annually, depending on tuition costs and credit history.
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Repayment usually starts after graduation or once you start earning an income. Bank loans may require interest-only payments during your studies. NSFAS repayment only begins when you earn above a specific income threshold.

FAQs on Student Loans in South Africa

1. Can I apply for a student loan without a parent or guardian?

For government loans like NSFAS, yes. But most banks require a financially responsible co-signer, especially for students without an income.

2. Is NSFAS a loan or a bursary?

NSFAS starts as a loan, but it converts to a bursary if you meet academic performance requirements. This means you may not have to pay it back.

3. What is the interest rate on student loans?

Private banks offer competitive rates between 5% and 12%, depending on the applicant's credit profile. NSFAS charges a much lower interest rate, usually linked to inflation.

4. What happens if I fail my courses?

If you’re funded by NSFAS and fail, your loan won’t convert into a bursary, and you’ll need to repay the full amount. Banks may continue charging interest, and your co-signer may be held liable.

5. Can I use a student loan to pay for accommodation and laptops?

Yes. Both NSFAS and many bank student loans cover costs beyond tuition, including housing, meals, textbooks, and electronic devices like laptops or tablets.

Final Thoughts

Student loans in South Africa offer a much-needed financial lifeline to thousands of students every year. Whether you're applying through **NSFAS** or a private bank, ensure you understand the **terms, interest rates, and repayment conditions** before signing any agreement. Make informed decisions today to secure your academic and financial future tomorrow.

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