FINANCE
2024 FINANCIAL REGISTRATION GUIDELINES
Finance • Private Bag X20539 • Bloemfontein • SOUTH AFRICA • 9300 •
Tel.: +27 51 507 3334 • Fax: +27 51 507 3485 • E-mail:
[email protected] • Website: www.cut.ac.za
FINANCE
2024 FINANCIAL REGISTRATION GUIDELINES
Contents
Introduction ..................................................................................................................................... 3
Background ..................................................................................................................................... 3
Financial guidelines ........................................................................................................................ 4
• Application fees payable ..................................................................................................... 4
• Minimum initial payment ................................................................................................... 4
• South African citizens ......................................................................................................... 4
• SADC and International students ........................................................................................ 5
General ............................................................................................................................................ 5
Student debt settlement ................................................................................................................... 5
CUT banking details ....................................................................................................................... 6
Finance • Private Bag X20539 • Bloemfontein • SOUTH AFRICA • 9300 •
Tel.: +27 51 507 3334 • Fax: +27 51 507 3485 • E-mail:
[email protected] • Website: www.cut.ac.za
FINANCE
Introduction
Since 2020, the university has been increasing fees according to the directives received from the
DHET.
The approved fee increases for 2024 as per DHET letter dated 28 December 2023 for tuition fees
4.5% and 6.5% increase for accommodation fees. (see the attached annexure).
Background
These registration guidelines seek to provide clarity on, and to smoothen, the registration process.
The areas below have an impact on students’ ability to register:
i) Application fees.
ii) Minimum initial payment (MIP):
a. South African citizens and Southern African Development Community (SADC)
students; and
b. international students.
iii) Settlement of prior debt.
iv) National Student Financial Aid Scheme (NSFAS) funding.
v) Other external donors.
It must be understood that, at present, South Africa’s university funding system is based on both
a government grant and the payment of tuition fees, of which the latter are expected from students,
their parents/guardians and/or sponsors.
CUT must optimise the collection MIPs that are due to avoid:
i. serious cash-flow problems; and
ii. an increase in overall student debt.
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Financial guidelines
Application fees payable
There are no fees payable with the submission of the application form for admission.
• Application fee R0.00
• Residence application fee: R0.00
Minimum initial payment on registration day (Enrolment fee)
South African citizens
(MIP – non-residence):
Registration fee (non-refundable): R1 343.00
Deposit on tuition fees (minimum of 10%) R3 657.00 or Minimum of 10%
MIP R5 000.00
Students accepted for university residence accommodation:
(MIP – CUT residence):
Registration fee (non-refundable): R1 343.00
Deposit on tuition fees (minimum of 10%) R3 657.00 or Minimum of 10%
Deposit on student residence fees: R3 400.00
MIP R8 400.00
Please note that the following students are exempted from paying the MIP:
• All returning NSFAS-funded undergraduate students who are on the NSFAS-funded list,
registering for a NSFAS-funded qualification.
• All 2024 first-time entering students (FTENs) on the NSFAS-funded list who are registering for
NSFAS-funded qualifications.
• Students funded by external donors confirmed with the Fees and Financial Aid (FFA)
Office. Where the funding award letter excludes the registration fee, the student will be
required to pay the registration fee.
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SADC and International students
The 2024 MIPs for international (foreign) students are as follows:
MIP – ( non-residence):
Registration fee (non-refundable): R1 343.00
International Admin fee R2 500.00
Deposit on tuition fees: (minimum of 10%) R3 657.00 or Minimum of 10%
MIP R7 500.00
Students accepted for university residence accommodation:
Registration fee (non-refundable): R1 343.00
International Admin fee R2 500.00
Deposit on tuition fees: (minimum of 10%) R3 657.00 or Minimum of 10%
Deposit on student residence fees: R3 400.00
MIP R10 900.00
• Students funded by external donors confirmed with the Fees and Financial Aid (FFA)
Office. Where the funding award letter excludes the registration fee, the student will be
required to pay the registration fee.
General
Student debt settlement
Student debt continues to be a challenge in the sector. Non-payment of tuition fees is not
sustainable for the institution. Student fees contribute to approximately 30% of the total budget
required to run the institution. A continuous increase in student debt will result in failure of the
university to meet its obligations and will compromise its teaching and learning activities.
Thus, students are urged to act responsibly, and to make the necessary payments, not only for
the current year, but also for previous years’ debt. Students and their parents are requested to
engage with the FFA officers to make the necessary arrangements regarding the payment of
outstanding debt.
In a case where a student has not paid the full account for a previous year of study, such a
student will not be allowed to re-register before the account concerned has been paid infull.
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Alternatively, the student will have to make acceptable payment arrangements, and submit
the signed Acknowledgement of Debt (AoD) form and the Debit Order Authorisation form
before the university can allow registration. The following supporting documentation must
also be submitted to the FFA officers:
o Three months’ bank statements of the account payer.
o Certified copies of the identity documents (IDs) of the student and the account payer.
o Proof of income/salary advice of account payer.
Settlement dates
a) Year programmes: by 31 October
b) First-semester programmes: by 31 May
c) Second-semester programmes: by 31 October
CUT banking details
Students are encouraged to deposit the money directly into the university’s bank account, to
reduce the risk associated with handling too much cash.
Bank : First National Bank
Account name : Central University of Technology, FS
Branch name : Bloemfontein OFS 171
Branch code : 230134
Account number : 62684987418
Account type : Cheque account
Account name : Central University of Technology, FS
Reference : YOUR STUDENT OR ID NUMBER
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