Private Bag X6001, Potchefstroom
South Africa, 2520

NWU-Puk Alumni Office

Tel:(018) 299 2768

Fax:(018) 285 6010

E-mail:

APPLICATION FOR ALUMNUS NWU-PUK INTEREST SUBSIDY FOR EDU-LOAN LOAN

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1REQUIREMENTS TO QUALIFY FOR INTEREST SUBSIDY

  1. The applicant must be a South African citizen and must be a full-time registered contact student at the NWU-Potchefstroom Campus for undergraduate studies.
  2. Only children of alumni who studied at the North-West University or the former PU for CHE and who contribute a minimum of R100.00 per month to the Alumni Fund for a minimum period of one year, qualify for the subsidy.
  3. The NWU-Puk Alumni Office undertakes to subsidise 2.5% of the interest levied by Edu-Loan for the first R10 000. Interest for amounts exceeding R10 000 will be levied at normal bank rates. The individual, in effect, then pays 7% interest.
  4. The students making use of the subsidy must pass 50% + one of the registered subjects per semester every year. The students must be promotable to the next academic year and still be able to complete their studies within the prescribed minimum period of time.
  5. These arrangements are only applicable for the duration of the student’s period of study (and one more semester) and not after that. The interest rate that is subsidised, as in point 3, will be determined annually.
  6. Application must be done annually (while there is being studied) for a loan at Edu-Loan and interest subsidy at the alumni office on the prescribed application forms.
  7. Student loans are repayable as agreed upon between the applicant and Edu-Loan.
  8. The application is subject to selection; the filling in and submission of an application form will therefore not serve as guarantee that interest subsidy will be granted.
  9. Payments by Edu-Loan are done directly into the student’s university account.
  10. If a student does not complete his/her studies for whatever reason and there is a credit, the credit will then be used as settlement of the Edu-Loan loan.
  11. A personal contribution in the form of minimum payable fees must be made by the applicant/parents/guardian and is not covered by bursaries and/or loans.
  12. The interest subsidy percentage will be determined from year to year.

CLOSING DATE FOR APPLICATIONS

Application for Edu-Loan loans and alumni NWU-Puk interest subsidy may be done throughout the year.

DOCUMENTATION REQUIRED:

1. Completed “DEBIT ORDER authorisation” form.

2. Completed Edu-Loan loan application form.

3. Certified copy of students’ latest examination results.

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