FEES PAYABLE

FINANCIAL ASSISTANCE

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Financial Assistance

BURSARIES: A bursary is a form of financial assistance given to a student for further study or training. Bursaries may differ in terms of amount of money and duration. Students are selected according to various criteria set by donors, which could include academic merit and financial need. Some bursaries require that students sign a contract to enter the employment of the donor after graduation.

SCHOLARSHIPS: The scholarship amount is normally based on outstanding academic achievement. Scholarships do not normally require the recipient to repay the scholarship and usually have no employment conditions attached.

STUDY LOANS: A loan is money borrowed, which must be repaid upon completion of studies. Loans are available from banks and institutions like Edu-loan.
The NSFAS (National Student Financial Aid Scheme) is a South African Government-funded structure offering assistance to academically deserving and financially needy students. Students may apply for this type of loan at the Financial Aid offices of CUT. Up to 40% of this type of loan can be converted into a bursary, depending on the end-of-year results.

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Bursaries

How to apply for a Bursary/Scholarship

  • Read the Bursary Brochure and find the bursaries that suit your needs.
  • Check the closing dates for applications.
  • Apply directly to the person/company specified.
  • Apply for more than one bursary and make sure that you meet the requirements.
  • Explore other ways of financing your studies in the event of the bursary application being unsuccessful.

For assistance with regard to the application process, visit our office in the Humanitas Building.

Specific bursaries at CUT

Feeder School Bursary Partnership

The CUT Feeder School Bursary Partnership was established in 2010 in an effort to redress the institution’s development relation with high schools that have been identified in the region.

The purpose of the programme is to assist learners who consistently perform well in Science, Engineering and Technology (SET) subjects to continue their studies through the bursary. The best learners in Mathematics and Physical Science are funded to study through this initiative, which forms part of CUT’s Vision 2020. It also strengthens relationships with feeder high schools, supporting not only the learners but also the schools.

The current participating Schools are:

  • Tsoseletso Secondary School
  • Grey College Secondary School
  • Lenyora-laThuto Secondary School
  • Sentraal Secondary School
  • Fichardtpark Secondary School
  • St Bernard’s Secondary School
  • Teto Secondary School
  • Rearabetswe Secondary School
  • Albert Moroka Secondary School
  • Atlehang Secondary School
  • Jim Fouché Secondary School
  • HTS Louis Botha Technical School
  • Brebner Secondary School
  • Welkom High School
  • Dr Reginald Cingo
  • Navalsig Secondary School
  • Unitas Secondary School
  • Lephola Secondary School
  • Seemehale Secondary School
  • St Boniface Secondary School

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CUT academic merit bursaries for first-year students

Such bursaries are for candidates who are pursuing further studies for the first time after Grade 12 and who are enrolled as full-time students for a diploma or degree course at CUT.  The amount allocated is calculated on the basis of the six highest symbols achieved by the candidate in the final Grade 12 examination.  The criteria and amounts of these awards are reviewed on an annual basis.

Academic recruitment bursaries (for first-time entrants)

These bursaries are additional to the normal academic bursaries.  First-year students who qualify will automatically be considered for such a bursary.

The following categories are available:

Category A

Each A symbol on HG – R1 000.00

Each A symbol on SG – R600.00

Category B

A bursary of R1 000.00 will be awarded to a student who achieved an A symbol (HG or SG) in the final Grade 12 examination and who is enrolled for a course in Engineering or Health and Environmental Sciences.

Category C

Top-ten bursaries (awarded to the ten best first-year entrants).  To be considered for such a bursary, a minimum of 42 points on the CUT scoring scale, calculated on the basis of the candidate’s six best subjects, is required.

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CUT leadership bursaries for first-year students

At least 27 points on the CUT scoring scale in the final Grade 12 examination is an additional requirement.

The following applicants may qualify for such bursaries:

  • Head boy / girl of a high school
  • Chairperson of the representative council of learners of a high school
  • Deputy head boy / girl of a high school
  • Vice-chairperson of the representative council of learners of a high school
  • Head boy / girl of a high-school hostel
  • Winner of a national subject Olympiad
  • Winner of a national expo
  • Member of the “Presidentverkenners” or Springbok Scouts

Sport recruitment bursaries

Sport bursaries are awarded to promising sportsmen and sportswomen according to merit.  Such bursaries are only awarded to individuals who participate in league sport in the name of CUT (refer to the list of sports along with the names of the sport managers).

Only achievements at provincial level and higher are taken into account.  Application forms are available from Operational Sport and the closing date is 31 October each year.  Development bursaries are also available, and a maximum of three candidates may be nominated by the respective sports trainers / club managers.

Please note:  Candidates must apply on an annual basis.

For more information on sport recruitment bursaries (first-year students only) and sport bursaries (all students), please contact Operational Sport.

Deans Awards Incentive Voucher

For more information on the Deans’ Awards Incentive Vouchers available to first-year students, please contact the Dean of the relevant academic faculty.

In cases where a bursary covering the full tuition and/or accommodation fees has already been granted to a prospective student, the letter in which notification to that effect is provided must be included with the registration document.

Notwithstanding any other terms, no student shall be exempted from accountability for the payment of any amounts owing to CUT.

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FUNZA LUSHAKA – merit Bursary

This is a merit bursary awarded by the Department of Higher Education and Training (DHET) to deserving Teacher Education students registered for the following BEd (FET) Specialisation programmes:

  • BEd (FET) Languages, majoring in African Languages, namely Setswana, Sesotho and Xhosa, with English as a compulsory major;
  • BEd (FET) Natural Sciences;
  • BEd (FET) Computer Science, majoring in Computer Studies (IT) and Computer Applications Technology;
  • BEd (FET) Technology, majoring in Technology (Civil, Electrical and Mechanical Technology)

Students are expected to apply online at the DHET website.

The bursary is presently worth R48 000.00 per annum, and allocations are subject to the availability of funds.

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Loans (Finacial Aid)

National Student Financial Aid Scheme (NSFAS) Loans

NSFAS (formerly known as TEFSA) offers loans of between R2 000 and R32 500 per annum to financially needy and academically deserving students who are unable to obtain a loan from a bank.  These loans are REPAYABLE.

These loans are primarily intended to cover the costs of tuition fees and books. All allocations are subject to the availability of funds.

Who can apply?

Application for funding, are accepted only from students who:

  • Are registering for a first undergraduate degree or diploma / certificates.
  • Have paid the minimum own contribution required.
  • Are South African citizens.
  • Are financially needy as determined by the means test* formula, as prescribed by NSFAS.
  • Are academically deserving.

*a Means Test is a Test which enables the Financial Aid Office to ascertain who amongst applicants is most financial needy, this is determined using documents submitted by the applicant.

What do you need to apply?

The following certified documentation should be submitted with the application form:

  • A copy of the student’s South African ID document.
  • The latest pay slip / pension slip or affidavit on income of the parents or guardian.
  • Copy of grade 12 examination results in the case of first year students.
  • If parents are divorced, a copy of the divorce agreement.
  • If one or both parents are deceased, a copy of the death certificate(s).

How do you apply?

Application forms will be sent to each approved prospective first year student by the middle of November each year. Application forms for senior students are available from the first week in August each year for the following year. To be considered for a loan, a student must complete an application form and return it on or before the closing date.

How is the Bursary Component of your Loan Calculated?

 Up to 40% of the award may be converted into a bursary dependant on your end of year results

  • If you pass all the courses for which you have registered, you qualify for a 40 % bursary
  • If you pass three quarters of the courses, you qualify for a 30% bursary.
  • If you pass half of the courses, you qualify for 20% bursary.
  • If you pass one quarter of the courses, you qualify for a 10% bursary.
  • If you pass none of the courses, you qualify for no bursary.

What happens if you have money left over in your Account?

  • You can’t receive more money from NSFAS than you require
  • If there is money left over in your account at the end of the year (for example if you receive a bursary or a merit award after the NSFAS award was granted), the Financial Aid Bureau has to return the money to NSFAS. This will count as your first loan repayment.
  • Money left over in your account is never paid out to you. Furthermore, it is in your interest to ensure that the money is returned to NSFAS to avoid paying interest on it.

When and how do I start repaying the loan?

The Loan becomes repayable as soon as the student secures employment, whether they have completed their studies or not.

Repayment rates start at 3% of the salary if the student is earning R30000 per annum, this percentage rises as the income increases e.g. 8% if you earn R63000 per annum.

Closing date

Senior students: end of August
First-year students: 31 January

Forms

Download NSFAS Application Form 2014
The 2015 form will be uploaded as soon as it is available.

For more information, visit the NSFAS website at: http:// www.nsfas.org.za.

 

EDULOAN

For more information on EDULOAN, visit http://www.eduloan.co.za.

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Contact us

Mr Clint Adams

Tel: +27 (0)51 507 3762| Fax: +27(0)51 507 3320 | E-mail: cherbert@cut.ac.za

 

Updated: 16 July 2014

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