School fees loans: options and costs

Most families cover school fees with a personal loan, a school payment plan, or a fee exemption. Public schools must consider exemptions for parents who can't afford fees, and many independent schools allow monthly instalments. If you do borrow, match the term to the school year so you aren't still paying when next year's fees fall due.

What lenders check

• Income and affordability
• Credit record

Documents you'll need

• Green barcoded ID or smart ID card
• Latest 3 months' bank statements
• Latest payslip (if employed)
• Proof of address not older than 3 months
• School fee statement (optional)

Watch out for

• Apply for a fee exemption at public schools if your income qualifies.
• A 12-month term aligned to the school year avoids overlapping debts.
• For university fees, NSFAS or a dedicated student loan may be cheaper.

Can a school refuse my child for unpaid fees?

Public schools may not exclude learners for non-payment; they can pursue the debt legally.

Is a student loan the same?

Student loans are for tertiary study and may offer deferred repayment.

How much should I borrow?

Only the shortfall after any payment plan or exemption.

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