THE APPLICATION PROCESS

How to apply

Before you begin:

• We want to make sure that you have made the right choice for your career. If you have any doubt about your choice, please contact our career counsellor at: [email protected]
• Ensure that you meet the minimum requirements and have all required documentation for your selected programme, as specified in the information pack available on each course page.
• Application closing dates are also on the specific course pages.
• Ensure that you apply for admission well before the close of registration to avoid disappointment. Late applications will only be considered for the following semester.
• We require your valid 13-digit South African ID number in order to validate your application. Milpark Education respects your personal information. For more information on our Privacy Notice please click here.
• Students applying on a new programme must complete an admission application and receive academic acceptance onto the programme before registering for individual subjects.
• Admission/application fees:

           Undergraduate programmes - R200

           Postgraduate programmes - R0

Option 1: Bank Transfer

South African students

Please note that Milpark Education is a pre-approved beneficiary with Nedbank and ABSA.

Nedbank and ABSA students

If you have a Nedbank account and a South African ID, please select MILPARK EDUCATION PTY LTD on the beneficiary field. You will not be required to complete the bank account or branch code details. The reference must be your South African ID number.

International students

Bank:FNB

Account name:Milpark Education (Pty) Ltd

Account no.:62364423849

Branch: 201109

Swift Code:FIRNZAJJ

Reference:Passport number (individuals)

Milpark account number (corporates)

Please email the proof of payment (deposit slip) to [email protected]

Option 2: Pay with Flywire

Milpark Education has partnered with Flywire to accept payments from international students worldwide. Easily and securely make education payments in your own currency, using local payment methods from the safety and convenience of your home. With real-time tracking and 24x7 multilingual support, millions of students and families around the world trust Flywire for payment processing.

Pay online with Flywire.

Option 3: Credit Cards

Credit card payments can be made via myMilpark when registering online or at our Cape Town and Johannesburg campuses.

VISA, Mastercard, American Express and Diners Club are accepted.

Option 4: Company sponsorship/bursary

If your employer is paying for your studies, you must submit a bursary letter on a company letterhead when you register. The following information must be included:

• Date
• Full name and surname
• ID Number/Passport number
• Bursary Qualification
• Module names and cost per module
• Value of approved bursary
• Authorised signature

Student Bursaries

Milpark Education offers a number of bursaries to students annually, based on need and academic performance. Bursaries are one of the ways in which we both support our students and assist industry in achieving South Africa’s transformation agenda.

The Bursary Programme aims to produce quality graduates drawn from groups who may not previously have had access to a sector or area of study. Bursaries are provided to previously disadvantaged candidates who meet our criteria.

Bursary Applications for the 2023 academic year

• Please read and complete all documentation very carefully prior to making your application.
• Incomplete applications will not be considered under any circumstances.
• Note that financial need and academic suitability are required.

Applications open: 26 September 2022

Applications close: 25 November 2022

Decisions will be communicated to students no later than 31 January 2023.

Please note that Milpark bursaries are not available for the Postgraduate Diploma in Accounting (PGDA/CTA) and Advanced Accounting (Bridging Short Course to PGDA / CTA).

Downloads:

2023 Bursary application form

Get Study Funding

When it comes to your education and securing your future, you shouldn't have to worry about how you're going to pay for it.

Get credit with Capitec to help you kick-start success. 

Apply now in a few easy steps for up to R250 000 over 84 months. Get a discounted interest rate and an extended term to suit your education needs. Once your credit is approved, we'll pay it directly to the provider for you.

If you have any queries, read our FAQs below or call us on 0860667789, Monday to Friday, 8am – 6pm and Saturday 8am – 1pm.

Apply Now

Frequently asked questions (FAQs)

1. What is credit for education?

Credit offered at discounted interest rate over an extended term, that you can use to pay for education. You can only apply through one of our education partners from their website. If you qualify and your credit is approved, the money will be paid directly to the relevant partner for you.

2. What are the benefits?

• Enjoy a discounted interest rate
• Repay your credit over a longer term
• No need to visit a branch, apply online and complete your application within 48 hours
• The credit is paid directly to the partner (educational institution), so no further payments need to be made.

3. What is the maximum amount I could qualify for?

The term and amount that you could qualify for is based on your personal credit profile, salary details and affordability:

• If you get paid monthly you could qualify for up to R250 000
• If you get paid weekly you could qualify for up to R50 000
• If you get paid fortnightly you could qualify for up to R12 000

4. Who could qualify? 

To apply, you must be 18 years or older and have valid South African ID document/smart ID card. The credit assessment will be based on our credit granting rules and your personal credit profile and affordability. You may also need to provide:

• Your latest 3 consecutive salary slips
• A bank statement showing your latest 3 consecutive salary deposits (only if your salary is not paid into your Capitec account)
• No proof of residential address is needed; however, you may be asked to provide supporting documents to complete your application

For more information, visit our website here: 

5. How would I know how much I could qualify for?

Follow the link on the partner's website and complete 4 easy steps to see how much you could qualify for.

6. Do I need to be a Capitec client to apply? 

No, you do not have to be a Capitec client to apply.

7. Can I move my existing loan to Capitec?

You can't use credit for education to settle an existing loan. But if the existing loan reflects on the credit bureau and you qualify for either a Capitec term loan or access facility, it can be settled with the proceeds.

8. What documents do I need to apply?

You will need:

• A standard invoice or quote from the partner, not older than 30 days
• Valid South African ID document/smart ID card (Must be 18 years or older. If your name and/or surname differs from your identification document, a marriage certificate, divorce court order or name change letter will be required.)

• Your latest 3 consecutive salary slips
• A bank statement showing your latest 3 consecutive salary deposits (only if your salary is not paid into your Capitec account)
• No proof of residential address is needed; however, you may be asked to provide supporting documents to complete your application

9. How is the interest rate calculated?

The interest rate for which you qualify for is based on your personal credit profile, salary details and affordability. Credit for education is offered at a discounted interest rate, which means you'll pay less interest compared to any of our other credit products. Once you've taken credit with us, you can view your interest rate on your statement or agreement.

10. What are the most common reasons my application would be declined?

There could be various reasons as to why your credit application was declined and it could vary from client to client. 

The most common decline reasons are: 

• Affordability – you do not meet the minimum affordability criteria
• Low credit score – when our standard credit scoring model indicates that the credit score for your application is below the minimum required

• You are under debt administration. Once you are under debt administration, Capitec is not allowed to enter into a credit agreement with you
• One or more of your Capitec accounts have been handed over to an external debt collector previously due to non-payment

11. Can I apply while I’m under debt review? 

We unfortunately cannot provide you with credit while you’re engaged in the debt review process. Only once you have fully paid up your accounts and the debt counsellor has issued you with a clearance certificate, will you be able to apply for credit again.

12. Can I apply if I am blacklisted?

 No, you cannot apply for credit if you are blacklisted.

13. How can I ensure I have a good credit score? 

Your credit score is determined by your credit profile. Below are some guidelines on how to build and maintain a good credit score:

• If you are used to paying for everything in cash, it would be a good idea to open some credit facilities in order to demonstrate good credit behaviour
• Make sure you pay your accounts on time, every time. Don’t skip payments – even if you pay double the next month, it will negatively affect your credit profile

• Don’t be tempted by easy credit. Avoid 'loan sharks' and 'pay day' loans
• Every credit check on your profile is tracked and too many checks will reduce your score – so be mindful of applying for credit everywhere you go
• Make sure you complete any credit application carefully so there are no errors on your credit profile
• If you think you may not be able to pay your loan or account, contact your credit provider to discuss repayment options. Don’t ignore the problem

We encourage you to download our free Money Guide to get tips and learn more about how to manage your money.

14. How can I improve my credit score/record?

A low credit score can be improved by:

• Ensuring that any arrear accounts are brought up to date, and that all defaulted accounts are settled in full. Contact each creditor, if need be, and try to arrange a suitable payment arrangement which would allow you to settle the accounts
• Ensuring that all your remaining accounts are paid on time each month and avoid new credit applications
• It is important to avoid quick, 'pay day' loans as this will reflect on your credit profile and contribute to a lower credit rating

• Once you have done the above, wait for at least 3 – 6 months, maintaining good payment behaviour – for your credit rating to improve before you apply for credit again

15. If I take credit for education and drop out of the course, will the money be refunded and will I incur any fees?

The credit will have to be repaid in full according to the Capitec credit agreement signed.

16. Can I use credit for education to pay for other fees like text books?

If the textbooks are supplied by the same institution and can form part of the invoice payable for tuition fees, you could use the credit to pay for textbooks. However, if the textbooks are supplied by an alternative supplier and/or requires a separate payment, you cannot use the credit to pay for it.

17. What is the difference between credit for education and a term loan/personal loan or a student loan?   

Credit for education is used specifically for an education need. You can only apply through one of our partners from their website. If you qualify and your credit is approved, the money will be paid directly to the relevant partner for you. It can be used as a student loan to pay for tuition fees. A term loan or personal loan can be used for various needs and the money is paid into the client’s bank account on approval, but you won't receive a discounted interest rate or an extended term.

18. Where can I apply? Can I visit a Capitec branch?  

You can apply online directly from the relevant partner's website. Complete 4 easy steps to see if you qualify. If you do, one of our consultants will contact you within 48 hours to complete your application. You can't apply at a Capitec branch.

19. How soon will I get the money?

Once your application has been approved, you just have to approve your DebiCheck debit order and then the money will be paid directly to the partner.

20. Is the money paid directly to the partner?

Yes, the money will be paid directly to the partner using the bank account details provided on the invoice.

21. What is the cost (interest rate, monthly fee)?

The interest rate for which you qualify for is based on your personal credit profile and affordability. Credit for education is offered at a discounted interest rate, which means you'll pay less interest compared to any of our other credit products. Once you've taken credit with us, you can view your interest rate on your statement or agreement.

Capitec Bank is an authorised financial services provider (FSP 46669) and registered credit provider (NCRCP13).