Grade 11 CCC - Financial assistance and funding options

What is required for learnership participation?

• Both theoretical and practical training
• Only theoretical training
• Only practical experience
• Online courses only
• Self-study

Answer explanation

Learnerships require completion of both theoretical coursework and practical workplace training

Who oversees the quality of learnership programs?

• SETAs
• Universities
• Private companies
• High schools
• Banks

Answer explanation

SETAs oversee learnerships and ensure they offer qualified training

What happens if you fail a module while on a bursary?

• You must pay for the failed module yourself
• Nothing happens
• The entire bursary is cancelled
• You get one free retry
• You must quit studying

Answer explanation

Bursary recipients typically must pay for any failed modules themselves

What type of funding typically has the lowest interest rates?

• Bank study loans
• Personal loans
• Credit cards
• Store accounts
• Private lenders

Answer explanation

Banks typically offer student loans at lower interest rates than other credit options

When studying with NSFAS funding, what percentage must you maintain to keep funding?

• 50% pass rate
• 100% pass rate
• 75% pass rate
• 25% pass rate
• 40% pass rate

Answer explanation

NSFAS requires a 50% pass rate to maintain funding

What is a key advantage of a scholarship over a bursary?

• No work-back agreement required
• Higher monthly allowance
• Guaranteed employment
• International travel included
• Housing guaranteed

Answer explanation

Scholarships typically don't require work-back periods unlike bursaries

Which funding option is specifically aimed at teacher training?

• Funza Lushaka Bursary
• NSFAS
• Bank loans
• Private scholarships
• Corporate bursaries

Answer explanation

Funza Lushaka Bursary is specifically designed for teacher training

What does NSFAS stand for?

• National Student Financial Aid Scheme
• National Study Funding and Assistance Service
• National Scholarship Fund and Aid System
• National Student Funding Association
• National Study Financial Assistance Scheme

Answer explanation

NSFAS stands for National Student Financial Aid Scheme

What is a key requirement for keeping a sports scholarship?

• Maintaining both academic and sports performance
• Only sports performance matters
• Only academic performance matters
• No requirements
• Community service only

Answer explanation

Sports scholarships typically require maintaining both academic and sports performance standards

Which funding option requires no repayment if you maintain passing grades?

• Scholarship
• Study loan
• Bank loan
• Credit card
• Personal loan

Answer explanation

Scholarships typically don't require repayment as long as academic standards are maintained