1. STUDENT FUNDING CENTRE

2. Types of Funding Student Loans & Bursary/Loans Student Loans & Bursary/Loans Bursaries Bursaries Scholarships Scholarships

3. Estimated cost of Study Example : Undergrad degree (2010): Tuition (Avg)22 000 Tuition (Avg)22 000 Residence Fees14 000 Residence Fees14 000 Meals13 000 Meals13 000 Books 4 500 Books 4 500 Stationery & copies 2 000 Stationery & copies 2 000 Total55 500 Total55 500 Make provision for extras e.g. Equipment for labs or music, sports charges, travel etc Make provision for extras e.g. Equipment for labs or music, sports charges, travel etc

4. PRESTIGE ENTRANT SCHOLARSHIPS Valued at R30 000,00 per annum Valued at R30 000,00 per annum Top 10 Grade 12s in Provinces Top 10 Grade 12s in Provinces Grade 12s in IEB Schools in KZN – have to be in National top 50 Grade 12s in IEB Schools in KZN – have to be in National top 50  Automatic Selection of recipients

5. PRESTIGE EQUITY SCHOLARSHIPS Valued at R15 000,00 Valued at R15 000,00 Top 10 African female entrants to register at UKZN in 2010 Top 10 African female entrants to register at UKZN in 2010

6. ENTRANT MERIT SCHOLARSHIPS  Valued at R15 000 - For Learners who obtained a score of 7 in six subjects – excluding Life Orientation, Maths Lit or Add Maths

7. Top 100 Feeder Schools Top 10% of entrants from each of the largest 100 feeder schools to UKZN Top 10% of entrants from each of the largest 100 feeder schools to UKZN Valued at R15 000 Valued at R15 000

8. Sports Scholarships  Sports Scholarships (12) – for students who have played sport at a National level: * Covers full tuition fees * Applications reqd for Sports S/ships – 31 October of Grade 12 Year

9. Selection For Scholarships Done Automatically by UKZN – for learners who wrote Gr 12 in 2009 Done Automatically by UKZN – for learners who wrote Gr 12 in 2009 Pre-2009 learners need to make formal applications. Pre-2009 learners need to make formal applications. Up to a 2 year gap is allowed. Up to a 2 year gap is allowed. All Scholarships are renewable subject to academic criteria All Scholarships are renewable subject to academic criteria

10. Financial Aid Awards Financially needy students Financially needy students Who have the potential to succeed academically. Who have the potential to succeed academically. Financial Aid Application is reqd. Financial Aid Application is reqd.

11. Loans NSFAS Loans (with rebate) - from the National Student Financial Aid Scheme NSFAS Loans (with rebate) - from the National Student Financial Aid Scheme University of KwaZulu-Natal Loans (two types) University of KwaZulu-Natal Loans (two types) - Rebate loans & No Rebate loans (full amount repayable) No Rebate loans (full amount repayable)

12. NSFAS LOANS Important benefit - no suretyship reqd Important benefit - no suretyship reqd Rebate component – up to 40% Rebate component – up to 40% Repayments once student leaves the institution. Repayments once student leaves the institution. Interest from year in which loan is awarded. Interest from year in which loan is awarded. (Interest rate in 2009 was 7.6%)

13. Eligibility Criteria for Loans South African Citizen South African Citizen Refugees – with SA refugee ID document. Refugees – with SA refugee ID document. Family income below R120 000 Family income below R120 000 Full time students Full time students Accepted for formal degree/ diploma (not self funding courses). Accepted for formal degree/ diploma (not self funding courses).

14. How to apply for funding Step 1 - Apply for academic admission through the CAO. Step 1 - Apply for academic admission through the CAO. Indicate if you wish to apply for Financial Aid as well. Indicate if you wish to apply for Financial Aid as well. Each faculty has a limited number of financial aid packages. Each faculty has a limited number of financial aid packages. Faculty – letter advising if you are provisionally selected with Financial Aid. Faculty – letter advising if you are provisionally selected with Financial Aid. Faculty - sends you a full Financial Aid Application to complete. Faculty - sends you a full Financial Aid Application to complete.

15. The Financial Aid application ID document – very important ! ID document – very important ! Provide information on who supports the family. Provide information on who supports the family. Number of dependents. Number of dependents. Income Income Pay slips Pay slips Death certificates or divorce decree – if applicable Death certificates or divorce decree – if applicable Affidavits – if applicable Affidavits – if applicable

16. Expected Family Contribution ( EFC) Determined by the NSFAS means test. Determined by the NSFAS means test. Amount you have to contribute. Amount you have to contribute. Amount varies from family to family. Amount varies from family to family.

17. Notification of Funding Ensure that FA application is returned quickly to the Student Funding Centre. Ensure that FA application is returned quickly to the Student Funding Centre. Payment of R500 acceptance deposit. Payment of R500 acceptance deposit. Award letter from the Student Funding Centre. Award letter from the Student Funding Centre.

18. Financial Aid Covers Tuition Fees Tuition Fees Residence fees or Rental Allowance Residence fees or Rental Allowance Meal Allowance Meal Allowance Book Allowance Book Allowance Home/Travel Allowance Home/Travel Allowance

19. Bursaries Internal and External Internal and External Not repayable. Not repayable. Sometimes contractual obligations to the sponsor. Sometimes contractual obligations to the sponsor.

20. Internal Bursaries Internal Bursaries Entrants are done after June exams. Entrants are done after June exams. Selections according to donor criteria Selections according to donor criteria Income below R130 000 p.a. Income below R130 000 p.a. Academic performance very important (min 65% aggregate) Academic performance very important (min 65% aggregate) Financial Aid application reqd Financial Aid application reqd

21. External Bursaries Student applies directly to the sponsors. Student applies directly to the sponsors. Corporate, Governments or NGO Corporate, Governments or NGO Adverts in newspapers Adverts in newspapers Bursary register from CNA Bursary register from CNA Website – www.ukzn.ac.za/studentfund Website – www.ukzn.ac.za/studentfund www.ukzn.ac.za/studentfund Closing dates are very important! Closing dates are very important!

22. Financial Clearance/ Registration Scholarship students are automatically cleared for registration. Scholarship students are automatically cleared for registration. Bursary students – once we receive sponsorship letters Bursary students – once we receive sponsorship letters Loan students – as soon as they have been allocated funding. Loan students – as soon as they have been allocated funding. Self funded – cash deposits (R3 000 & R2 500 if in residence) Self funded – cash deposits (R3 000 & R2 500 if in residence)

23. Selected without Funding Options: Options: Bank loansBank loans Credit card paymentsCredit card payments Debit OrderDebit Order Edu-loansEdu-loans

24. Renewal of Financial Aid A new application is required for each year. A new application is required for each year. Apply in advance – by 31 August 2010 for 2011 funding. Apply in advance – by 31 August 2010 for 2011 funding. Applications open 1 June 2010. Applications open 1 June 2010. Take note of closing dates for corporate and external bursaries. Take note of closing dates for corporate and external bursaries.

25. Conclusion Funding is dependent on good results. Funding is dependent on good results. Will require commitment AND effort. Will require commitment AND effort. A qualification… is one of the most valuable investments a young person will make towards their future. A qualification… is one of the most valuable investments a young person will make towards their future.

26. Student Funding Centre Office Location Office Location Help Desk Tel : Help Desk Tel : 031 260 7912 – Westville Campus 031 260 7912 – Westville Campus 031 260 2231 – Howard College 031 260 2231 – Howard College 031 260 3603 – Edgewood Campus 031 260 3603 – Edgewood Campus