TAKE
CHARGE OF
YOUR FUTURE
Are you a final year student or recent graduate ready to start your career but held back by university debt?
Our Income Share Agreement (ISA) could be the solution for you. With the WaFunda ISA, you’ll have access to a loan structure that provides financial security and wrap-around support to kickstart your career journey without the burden of upfront payments.
DO I QUALIFY FOR THE WAFUNDA ISA?
WHAT DOES THE APPLICATION JOURNEY LOOK LIKE?
Please upload all required documents as part of your application.
Any documents that require certification must be certified within the last six months to support your submission.
Once your full application and supporting documents have been received, please allow approximately 4-5 weeks for onboarding onto the ISA programme, as per the below steps.
Application Review
Affordability Checks
Contracting
Contract Finalization
Disbursement
WHAT TO KNOW BEFORE APPLYING
Eligibility
Which Education Institutions has WaFunda partnered with?
WaFunda is currently partnered with:
– University of Cape Town
– University of Pretoria
– University of KwaZulu-Natal
– Stellenbosch University
– University of Witwatersrand
Is the WaFunda ISA limited to undergraduate or postgraduate students?
WaFunda’s ISA funding supports a range of programs at our partner universities across multiple faculties and degree levels, for final year and recent graduate students.
Can a student who has another bursary receive an ISA?
Yes. If your bursary does not cover all your fees and you still have at least R15,000 outstanding, you can still apply for an ISA. Having a partial bursary or other funding will not prevent you from receiving ISA funding to cover the remaining costs.
Applications
When is the closing date?
The closing date for applications are [Insert application cycle closing date]
Which university degrees are funded?
The WaFunda ISA accepts all types of university degrees for consideration upon submission.
When will I know if my application has been successful?
After successfully submitting your application, the WaFunda ISA team will perform affordability and risk assessment checks to evaluate your eligibility for the WaFunda ISA.
Once these checks are complete, you will receive an email notification with the outcome – either a rejection or advancement to the next phase of the application process.
If you progress to the next phase, you will need to complete the following three steps:
1. Sign up for our financial literacy platform.
2. Complete an ISA Quiz
3. Complete a behavioural risk assessment.
Upon completing these steps, you will receive your ISA contract for signing.
Once your application has been successful, you will be informed via email with details of the next step of the process.
Will late applications be considered?
No, applications need to be in before the end of the application cycle.
Funding
How much does the ISA cover?
The ISA will cover the full amount of your outstanding university debt, as reflected on your university fee statement.
Do you fund all students?
We provide funding for final-year students and graduates who cannot receive their certification due to outstanding historical debt.
Will the funds be disbursed directly to students?
Funds will only be disbursed directly to your university.