No NSFAS, no bursary: Flexible study options offer relief as tertiary education costs rise

As the focus shifts to the 2026 academic year, many South African families are grappling with the rising cost of tertiary education.

Tuition fees, accommodation, books and living expenses are increasing faster than household incomes, placing pressure on parents and students, particularly those who fall into the so-called 'missing middle'.

Families earning above the National Student Financial Aid Scheme (NSFAS) threshold of R350,000 a year often do not qualify for bursaries, yet cannot afford to pay fees upfront.

"There are a lot of financial institutions that offer funding specifically dedicated to education. If the student has to access a study loan, it's key that they partner with a relevant organisation that offers them a rate that is competitive, and that they seek a few quotes before they make that decision.

"If you're going to a reputable institution, and you're studying at a higher education institution which has agreements with funding providers, you will then gain access to a variety of application portal platforms, which will then assist you and enable you without risk to assess affordability and whether funding your studies via a study loan provider makes sense for you," says Atelisha Harilal from private higher education provider Stadio.

Harilal adds that alternative study paths (such as starting with a higher certificate, studying via distance learning or working while studying) can significantly reduce costs.

"A lot of students can opt for distance learning. It tends to be more flexible in terms of the time provision, and then more affordable because you are reliant on a different sort of student experience to get through your studies. Oftentimes, the best advice we give to parents is go for the higher certificate in the first year, do it via distance learning. It empowers the student and the parent to get the student into some form of work at the beginning, but at the same time helps them gain valuable experience while they begin their study journey."

She notes that partnerships between institutions and education-focused funding providers may also help families avoid unsustainable debt.

To listen to Harilal in conversation with CapeTalk's Lester Kiewit, use the audio player below: