WaFunda ISA - Department of Student Funding

WaFunda NPC registration number 2024/716876/08 is an authorized and registered credit provider (NCRCP21690). T&C's apply

WaFunda Income Share Agreement (ISA)

UKZN is proud to partner with WaFunda to present The WaFunda Income Share Agreement – a funding solution designed to help graduates settle their final year university debt without upfront payments or high-interest loans.

Benefits

Covers all tuition on your fee statement, books, study equipment, accommodation, (basically anything that is reflected on your final year fee statement).
Pay a fair and fixed percentage of your net income for a set repayment period.
A maximum payment cap to ensure fair and reasonable repayment for higher earners.
No repayments until you’re earning R7,000 or above.
Your repayments help fund more students in the future.
Additional support: Career readiness, financial literacy, mental health, and recruitment support.

Who Can Apply?

Have outstanding university fees of at least R15 000 with a maximum debt of R200,000.
Must be in your final year or have already completed your degree.
Must NOT immediately be studying further after graduation or receiving your qualification.
Must Have a South African bank account.
Household income below R600k p/a (or R850k for persons with disabilities).
Not over-indebted or under debt review.
No Criminal Record.

How It Works

WaFunda settles your university debt upfront with the university.
You repay a fixed percentage of your salary – only when you start earning via debit order.
No repayments while unemployed – just a small service fee (R60).
Once the repayment term, repayment cap or contract term is reached, payments stop.

Applications are open!

Apply on wafunda.com

WaFunda NPC registration number 2024/716876/08 is an authorised and registered credit provider (NCRCP21690). T&C's apply