Starting your academic journey is an exciting chapter – new independence, new friends and new possibilities. But there’s one thing that can quickly take the shine off student life – money stress.
For many students and their families, figuring out how to finance tertiary education can feel like a mountain to climb. Between tuition fees, textbooks, transport, accommodation and daily living expenses, the costs add up fast. But, a little planning always goes a long way.
Creating a simple, realistic budget is one of the most empowering things you can do as a student. Not only will it help you stay on top of your expenses, but it’ll also give you more freedom to enjoy your studies – and your life – with less anxiety.
Here are a few things to keep in mind when planning your student budget:
Study costs
Start with the big ticket item – your course fees. Costs can vary depending on what and where you choose to study. Whether you’re enrolling in a diploma, degree or short course, make sure you understand the full cost of your programme, including any registration fees, lab costs or other extras that aren’t always obvious upfront.
Explore financial support
Before assuming you’ll need to cover everything out of pocket, take time to explore what financial assistance might be available. Bursaries, scholarships, student loans and payment plans can make a huge difference. Many institutions offer support based on merit or need, or a combination of both.
Consider part-time work
A weekend or evening job doesn’t just ease financial pressure – it also builds valuable real-world experience. Even a few hours a week can help with personal expenses and teach you time management, budgeting and independence.
Textbook smarts
Textbooks are notoriously expensive, but you don’t always have to buy them brand new. Look for second-hand copies from past students, online marketplaces or textbook sharing groups. Some institutions even have digital options available at a fraction of the cost.
Transport costs
How you get to class matters – financially and practically. Public transport, student shuttles or joining a lift club can be more affordable than driving every day. If you live nearby, walking or cycling might even be an option worth considering.
Living arrangements
Your choice of lodgings will have a major impact on your budget. Staying at home can be a cost-saver, while student accommodation and renting offer more independence, but often come at a higher price. Weigh the pros and cons of each, taking lifestyle, location and costs into account.
Life outside the classroom
A good budget isn’t all about bills – it includes the fun stuff too. Coffee runs, campus events, outings with friends … these moments are part of the student experience. Just be mindful of spending and avoid letting small expenses sneak up on you.
Cheryl Baxter, regional principal at NGI, encourages students to start planning early. “Every student’s situation is different, but the earlier you explore your options, the better prepared you’ll be. The important thing is not to feel alone in the process – there’s always guidance available.”
With a bit of forethought and support, student life doesn’t have to be overshadowed by money worries. It’s about making smart choices now, so you can invest fully in your future-academically, personally and financially.
Details: If you are ready to take the next step, get in touch with NGI Highway today. WhatsApp 067 357 7317, call 031 001 7744, email highway@ngi.ac.za or visit ngi.ac.za