If you have a parent, guardian or sponsor with a steady job, you might get a student loan to pay for your tuition fees and even books and accommodation.
The loans are provided by banks, universities and other institutions. Your parent or sponsor acts as a “guarantor” for the loan. The money borrowed must only be paid back at the end of your studies. But, from the start, your family/sponsor will have to pay each month an “interest” on the loan.
• A loan is usually repayable on completion of your studies.