From Creche to Universities: Capitec's Education Loan for Accessible Learning
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GUEST – Francois Viviers, Group Executive of Marketing and Communications at Capitec
As South African parents grapple with the mounting pressures of school fee payments, amplified by escalating costs and a challenging economic climate, an innovative solution arises. TPN, a registered credit bureau, discloses that a staggering 40% of school fee accounts were in arrears at the end of 2022, spotlighting a critical need for flexible financial solutions in the education sector. To promote greater accessibility to education across all demographics in South Africa, Capitec has partnered with SmartFunder, a distinguished provider of bursary and educational finance administration, to support studies at any accredited educational institution within South Africa, prioritising bridging the financial gaps that have historically hindered educational progression for numerous citizens.
As South African parents grapple with the mounting pressures of school fee payments, amplified by escalating costs and a challenging economic climate, an innovative solution arises. TPN, a registered credit bureau, discloses that a staggering 40% of school fee accounts were in arrears at the end of 2022, spotlighting a critical need for flexible financial solutions in the education sector. To promote greater accessibility to education across all demographics in South Africa, Capitec has partnered with SmartFunder, a distinguished provider of bursary and educational finance administration, to support studies at any accredited educational institution within South Africa, prioritising bridging the financial gaps that have historically hindered educational progression for numerous citizens.
