Introduction

  • Studying at a tertiary institution is an expensive endeavor which requires careful planning. 
  • It is only a lucky few who can lean on their parents to cover their tuition. The majority of prospective students have to find other means to fund their studies.
  • If you will need financial assistance for your university studies, it is best to start planning early to allow you enough time to get the right funding for your specific needs. 
  • Ideally, you should apply to the university of your choice early in your Grade 12 year, using your Grade 11 end of year results to apply.
  • If you are not yet sure of which course to apply to, consider applying to more than one course that interests you. Once accepted, you can decide which course you will register for.  
  • By the middle of your Grade 12 year, you should know which field of study you want to enter. Once you have been accepted for studies at an educational institution, you can apply for financial aid.

How do I fund my studies?

There are a number of options available to pay for ment of your studies.

Own funds:

  • If you plan to fund your own studies, ensure that you and your parents, family, or person sponsoring you make provision for the payment of your studies.

Bursaries & scholarships:

  • A number of role players provide bursaries and scholarships to prospective students. These include companies, tertiary institutions and government departments.

Please note: The closing date for applying for most bursaries is in the middle of the year BEFORE you start studying. Apply BEFORE the closing date to avoid disappointment.

Back to Top

Where can I get financial assistance?

You can finance your studies by obtaining a loan from a number of sources

  • Obtain a personal loan from a commercial bank:



For enquiries, call Eduloan Customer Service (011) 559-3552 or 08600 55544

  • Apply for a loan from the state’s National Student Financial Aid Scheme (NSFAS)
  • Apply for a bursary from an external source

To apply for external bursaries you must directly contact companies and organisations offering funding.

Click here to see a list of all bursaries available in South Africa:

http://bursaries-southafrica.co.za/list-of-all-bursaries-in-south-africa/

Back to Top

About the National Student Financial Aid Scheme (NSFAS)

  • The NSFAS study loan varies according to family income and covers the actual cost of studies for accepted undergraduate students.
  • Applications for a NSFAS loan must be submitted on the prescribed loan application form.
  • Application forms can be obtained from the Bursary office.

Contact details @ UJ: 

[email protected]

Enquiries:

Auckland Park Bunting Road Campus    (011) 559 1193 /1250 /1173/ 3575

Auckland Park Kingsway Campus    (011) 559 3642 / 3906/ 4035/3768/3575

Doornfontein Campus    (011) 5596195/ 6412/6063

Soweto Campus    (011) 559 5507/ 5508

IMPORTANT NOTES:

  • Always adhere to closing dates for funding applications.
  • Apply early and widely.
  • DO NOT LIE about your personal circumstances.
  • Learn to write appropriate motivations as this assists in strengthening your chances of getting financial aid.
  • Apply even if you do not meet the stated requirements.

Check the terms and conditions when applying and make sure you understand them before signing.

Back to Top

Differences between a loan, a bursary and scholarship

 Details Scholarship Bursury StudyLoan
Benefits
  • Studies are paid for.
  • There is no requirement to pay the money back.
  • Studies are paid for.
  • You stand a good chance of being employed by the company that sponsored your studies upon completion of studies.
  • Studies are paid for.
  • Loan payment required after completion of studies (terms depend on loan).
Repayment
  • No payment required
  • You pay back your sponsor in the form of service equivalent to the length of time they paid for your studies.
  • The payment options of various loans may vary but you are expected to pay back the money with interest once you are working.
  • Some loans require that the interest of the loan be paid on a monthly basis
Expectations
  • You will be expected to maintain a certain average in terms of your marks.
  • You may be expected to partake in certain activities that may be cultural or extra mural as part of the scholarship agreement.
  • You will be expected to pass all your modules and/or maintain a certain average.
  • You will be expected to pass all your modules and maintain a certain average in terms of marks and to also finish your studies so you can pay back the loan.
What is covered
  • A scholarship may cover the full costs of your academics and nothing else or a portion of other expenses.
  • If it is a full scholarship it covers all expenses associated with your studies.
  • It covers the full expenses associated with your studies.
  • Some may include living expenses and money for personal use.
  • In most instances it only covers the tuition fee, books, accommodation.
  • You must have money for other expenses such as food, medical and entertainment.
What happens if you do not maintain the expected standards
  • The scholarship is revoked but you are not expected to pay back the money
  • The bursary is revoked and you are expected to pay back the money
  • You are expected to pay back the money with interest.

How much does it cost to study at UJ?

2015 average cost for degrees per year in different faculties:

Faculty of Art, Design and Architecture:
R34 440.00 - R41 630.00
Faculty of Economic and Financial Sciences:
R29 460.00 – R33 840.00
Faculty of Education:
R26 660.00 - R30 620.00
Faculty of Engineering and The Build Environment:
R34 500.00 – R42 600.00
Faculty of health Sciences:
Non-laboratory subjects:
R29 460.00 - R33 840.00
Laboratory subjects:
R34 500.00 - R44 180.00
Faculty of Humanities:
Degree
R29 140.00 - R37 000.00
Specialized practical training
R38 020.00 - R35 970.00
Faculty Of Law:
R29 460.00 – R33 840.00
Faculty of Management:
R29 460.00 – R33 840.00
Faculty of Sciences:
Non-laboratory subjects:
R30 600.00 - R36 230.00
Laboratory subjects:        
R45 810.00 – R50 940.00

Which fees am I expected to pay?

Registration fee

The first amount which a student must pay before they begin their studies.

  • Day students (all students not residing in residences): R3870.00
  • Residence student (living on campus): R6470.00

Tuition and residence fees:

An upfront payment of 30% of tuition fees to be paid at registration.

  • 35% of the tuition fees to be paid by 30 April.
  • 100 % of the tuition fees to be paid by 31 July

Non-refundable fees:

The following fee are not refundable under any circumstances:

  • Application fees
  • The registration fee (payable upon registration)
  • Additional amounts payable in respect of late registration
  • Examination fees

PLEASE NOTE: 
You will still need to budget for accommodation, transport, ipad, tablet, books and other requirements.

Back to Top

What happens if I cannot finance my studies?

  • If a student can no longer manage to pay for their studies and wishes to withdraw or cancel their studies they need to inform the university immediately.
  • According to the University regulations, a registered student is responsible for the full year’s tuition and residence fees.
  • A rebate on tuition and residence fees can be considered depending on the date which the University is notified of cancellation of studies)

Cut-off dates for Rebates on tuition fees

First semester modules:

 Liability date % of fee charge that you will be liable for
Cancellation on or before 15 February
  • 0% (No fees payable)
Cancellation on or before the last day of March
  • 50% credit is granted
Cancellation after the last day of March
  • No credit is granted (liable for full payment)

Second semester modules:

 Liability date % of fee charge that you will be liable for
Cancellation on or before end of July
  • 0% (No fees payable)
Cancellation on or before the last day of July
  • 50% credit is granted

Year Modules:

 Liability date  % of fee charge that you will be liable for 
Cancellation on or before 15 February
  • % of fee charge that you will be liable for
Cancellation on or before the last day of March
  • 75% credit is granted
Cancellation on or before end of July
  • 50% credit is granted
Cancellation on or before the last day of July
  • No credit is granted (liable for full payment)

Categories of expenses

Fixed Expenses

Variable Expenses

Irregular Expenses

Opening a bank account

  • The best way to save money is by opening a bank savings account.
  • Develop the habit of putting money away in your bank account each time you receive your income.

How to open a basic savings account:

As a general rule most banks will require the following:

  • You will need a valid identification document and be willing to share basic personal information with the bank.
  • Depending on the type of account you intend to open you will need to have the specified a minimum amount of money for opening the account.
  • You will also be required to provide proof of address
Back to Top