Students enrolled for study programmes offered by the Southern African Virtual School (SAVS) will now have access to study finance from Eduloan, a first for the financier. SAVS is an online learning platform that offers over 120 virtual courses, including the high school curricula of grades 9 through 12.

Eduloan describes the groundbreaking offering as an opportunity for easy and affordable access to study loans for e-students. Communicating through a press release the company says it recognises that e-learning is an important medium and at times the only suitable option through which a learner can obtain an education.

“E-learning has now become the long-awaited solution to the growing trend of home schooling. It further addresses the need of South Africans who wish to better their education – [it is] a new lease on life,” according to Eduloan Marketing and Sales Officer Charlotte Smit.

This being new territory for Eduloan, Smit told htxt.africa in a reply via email that she does not expect any unique challenges to emerge.

The founder and CEO of SAVS, Keith Maree, lauded the initiative in the press statement. He said because students enrolled at SAVS are inclined to make use of online facilities, and applying for Eduloan finance is an online process, getting access to much-needed cash for studies will be far easier. Loans cover tuition costs, course material and, where required, a tablet and/or laptop.

The convenience of learning online is not one accessible to many South Africans due to the high costs involved and our less-than-satisfactory internet penetration, but with companies like Eduloan and SAVS offering services aimed at making the process easier and more affordable, that should change over time.

If you’re interested in checking out what SAVS has to offer, click here.

[Image: By CC 3.0/Andrew Allio]