The high cost of University fees was brought into the spotlight with the #FeesMustFall campaign. While some progress was made in terms of raising funds for select students through crowd funding and other sponsorship opportunities, thousands are still unable to pay for their tertiary education, making the prospects of studying further almost impossible.
According to data collected on household spending levels, only 5% of South African families could comfortably afford to pay university fees for their children. "Given the historic context of our country, we understand the realities of most South African families and for that reason we, as The Independent Institute of Education (The IIE), have made an effort to accommodate these students by offering payment options and study modes to suit their account payer's pocket," says Greg Fillmore, Managing Director of Rosebank College. Rosebank College is an educational brand of The IIE.
Though fee structures can vary from institution to institution, here are some of the common costs for first year students.
Most universities charge a non-refundable application fee ranging from R100 to R300. Rosebank College still remains affordable charging only R150.
Acceptance fee or deposit
Most tertiary institutions require what you call an "acceptance fee" or "deposit". This can cost R500 to R5000, depending on your course and institution.
When you register for the year, you will be expected to pay anything from R2000 to R60 000 for your tuition fees. In some instances you are able to pay in installments. For example, the IIE Higher Certificate of Office Administration offered at Rosebank College can be paid in 10 monthly installments of R699. The cash fee is R9990 making it one of the most affordable higher education qualifications. Choosing to study full time, part time or through distance learning will also affect how much you pay, giving students the opportunity to choose the best option for them.
Rosebank College is an educational brand of The Independent Institute of Education which is registered with the Department of Higher Education and Training as a private higher education institution under the Higher Education Act, 1997 (reg. no. 2007/HE07/002). Company registration number: 1987/004754/07.
Written by Karabo Keepile