Bursary Management for Employers or Bursars
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Eduloan offers employers and bursars an innovative, cost free, secure management system for bursaries through a debit card system known as Eduxtras.
Every year you hand out a lot of funding to students for their education. Students who will be tempted to spend it on things they don’t need. So why not introduce them to Eduxtras?
Benefits of using the Eduxtras card system:
- With the Eduxtras Swipe Card, you get to decide how much a student can spend on books, tuition, accommodation, food etc. So you can be sure they’re using your bursary money the way you intended.
- Eduloan will manage and administer the funds monthly and even provide you with a full report on what they’re spending and where, allowing you to effectively audit and report back on the allocation of the funds... and to make doubly sure the student is staying on track.
- The student will not incur any costs with the use of the Eduxtras debit card system. Only in cases where the student’s debit card is lost or stolen, will a card replacement fee of R50 be charged.
Eduloan provides assistance to employers and institutions on their education finance administration management through institutional debtor management, guaranteed funds and education bonds.
For further information how to apply for one of these services, contact our Sales team on 011 670 6100 and one of our experienced consultants will gladly assist you.
Are you already using Eduxtras to manage your bursaries?
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Click here to access the Eduxtras administration portal.