CUT | Fees, Bursaries & Loans (2024)

Bursaries and Scholarships

A bursary is a form of financial assistance given to a student for further study or training. Bursaries may differ in terms of an 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.

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.

Tips: 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.

Find Bursaries in South Africa (portals)

Specific bursaries at CUT

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.

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 a league sport in the name of CUT (refer to the list of sports along with the names of the sport managers). Only achievements at the 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 in the registration document. Notwithstanding any other terms, no student shall be exempted from accountability for the payment of any amounts owing to CUT.

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

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 http://www.funzalushaka.doe.gov.za/

Study Loans

A study loan is money borrowed, which must be repaid upon completion of studies. Loans are available from banks and institutions like Eduloan.

Feenix Student Fundraising Platform

Feenix is an online fundraising platform that connects students to their communities to fundraise towards their outstanding debt.

If a student would like to use the platform, they must make sure they:

  • are a South African citizen/asylum seeker/permanent resident/refugee
  • have a combined annual household income under R600 000
  • are a registered student or have historical debt.

Visit www.feenix.org to start your fundraising journey.

Eduloan

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

Financial Aid

Financial aid assist students with educational expenses and may include tuition and fees, accommodation, books and/or supplies, and transportation. There are different types of financial aid including grants, scholarships, work study and loans. Some aid may be repaid and some may not have the expectation.

National Student Financial Aid Scheme (NSFAS)

The National Student Financial Aid Scheme (NSFAS) is a public entity reporting to the Department of Higher Education and Training (DHET). It provides financial assistance in the form of study bursaries to qualifying students who plan to study at Technical and Vocational Education and Training (TVET) colleges and public universities. Visit our NSFAS webpage for information.

Available on CUT's Student Portal, the transport allowance form

Finance enquiries can be done e-mail.

CUT | Fees, Bursaries & Loans (2024)

FAQs

How to answer describe your financial need for scholarship? ›

Be as clear as you can about your plans. Example 1: “A scholarship would help me close the financial gap and take less in student loans. This is particularly important for me because I plan to study social work and eventually work in a role to support my community.

How to explain financial hardship for a scholarship? ›

Body: Your financial situation and hardships

Make sure you describe your parents' occupation, any savings (like a 529 College Savings Account), and any student jobs. You might also discuss any sudden changes in fortune (e.g. parent fell ill or lost their job) that have ruined your original financial plans.

How do I argue for more scholarship money? ›

State your reasons: Clearly state the reasons why you are asking for more merit scholarship money. Be specific and provide evidence to support your claims. For example, if there has been a significant change in your financial situation, such as loss of income or unexpected expenses, mention it in detail.

What if FAFSA isn't enough? ›

Request Additional Federal Student Loans

If you've exhausted other options and still need additional funds to help you pay for school, contact your school's financial aid office to find out if you're eligible for additional federal student loans.

What should I put for reasons for applying for financial aid? ›

Answer: "I am applying for financial aid because I am currently facing financial constraints that make it challenging for me to afford the course fees. I am deeply interested in [mention the course name] as it aligns closely with both my academic interests and career aspirations.

How do you prove you are in financial hardship? ›

Provide supporting documents along with your hardship letter to help prove the legitimacy of your claim. Depending on your situation, you might submit documents such as an unemployment notice, medical bills, military orders or a divorce decree.

What is an example of a financial hardship statement? ›

Financial Hardship Letter Template + Sample

I am writing this letter to request assistance with my personal loan during a time of financial hardship. Approximately two weeks ago, I was let go from my job due to company-wide layoffs. As a result, I have been unable to continue making regular payments on my loan.

How do you express financial hardship? ›

Financial Hardship Letter: Example

Situation: Write a brief explanation of your situation and why you're asking for help. Plan of action: Explain what you are requesting from the lender and how you plan to adjust your financial situation so you can continue to make payments in the future.

How to write a scholarship essay about why you need money? ›

Scholarship Application Essay Tips
  1. Plan ahead. Don't procrastinate! ...
  2. Talk about your accomplishments. Be clear and to the point. ...
  3. State your need. What is your financial situation? ...
  4. Keep it simple. Don't use unnecessary words (i.e., don't use three words when one will do) ...
  5. Make it easy on your reader.

What makes a highly successful scholarship winner? ›

Scholarship winners are more likely to have certain test scores, GPAs, and intended majors. What makes an applicant a scholarship winner? Undoubtedly, a flawless application, an interesting essay, and an engaging scholarship interview, contribute to a scholarship winner's success.

How do you write a good scholarship appeal? ›

How to write a scholarship appeal letter
  1. Determine whether you're eligible for an appeal. ...
  2. Fulfill your school's requirements for a financial aid appeal. ...
  3. Open by explaining the purpose of your letter. ...
  4. Detail why you believe you're eligible for an appeal. ...
  5. Provide a clear request and documentation to support it.
Jul 20, 2023

What are the 3 most common FAFSA mistakes? ›

How to avoid 8 common mistakes that hurt your chances of getting federal financial aid for college
  • Not submitting an application at all. ...
  • Waiting until the very last minute to apply. ...
  • Not doing the prep work. ...
  • Not creating an FSA ID. ...
  • Not going back to correct mistakes or make updates. ...
  • Not using the IRS Data Retrieval Tool.

At what income level is FAFSA pointless? ›

Students often skip filling out the FAFSA because they think their families make too much money to qualify for aid. However, there are no FAFSA income limits, so you can submit it—and potentially get valuable financial aid—regardless of your family's earnings.

How much money disqualifies you from FAFSA? ›

Did You Know? There is no income cut-off to qualify for federal student aid. Many factors—such as the size of your family and your year in school—are taken into account.

What is an example of a financial need letter for a scholarship? ›

This scholarship money would be life-changing by helping me pay for my everyday needs with school and casual living. I will not be getting financial assistance by any family members or peers. This money will really help me stop being a burden on my foster family and will help me feel more comfortable living on my own.

What does it mean to demonstrate financial need for a scholarship? ›

Financial need is simply defined as the difference between the. student's cost of education and the family's ability to pay those costs. Note that the student's financial need will be reduced by aid that is. awarded to the student.

What does describe your financial need mean? ›

Financial need refers to the amount left over when subtracting the school's cost of attendance (COA) from your expected family contribution (EFC). Although the COA depends on which school you attend, your EFC remains the same.

Top Articles
Latest Posts
Article information

Author: Rueben Jacobs

Last Updated:

Views: 6064

Rating: 4.7 / 5 (57 voted)

Reviews: 80% of readers found this page helpful

Author information

Name: Rueben Jacobs

Birthday: 1999-03-14

Address: 951 Caterina Walk, Schambergerside, CA 67667-0896

Phone: +6881806848632

Job: Internal Education Planner

Hobby: Candle making, Cabaret, Poi, Gambling, Rock climbing, Wood carving, Computer programming

Introduction: My name is Rueben Jacobs, I am a cooperative, beautiful, kind, comfortable, glamorous, open, magnificent person who loves writing and wants to share my knowledge and understanding with you.