COMMUNIQUÉ FROM THE OFFICE OF THE CHIEF FINANCE OFFICER

FINANCIAL CLEARANCE 2019


Dear Staff and Students

In order to prepare for the new academic year, it is important to note a number of key arrangements that are in place for 2019.

1.      There are two requirements that must be complied with to obtain financial clearance in 2019:

1.1       Payment of the required 2019 registration fees, and

1.2       Payment of outstanding debt from previous academic years.

 

Students are advised that obtaining financial clearance does not automatically qualify the student for academic admission and/or readmission. Each College has set out academic admission and/or re-admission requirements that must be fulfilled by students.

 

2.      The 2019 registration fees are as follows:

2.1       Local students registering for tuition only are required to pay registration fees of R3,750 in advance of registration.

2.2       Local students registering for both tuition and residence are required to pay registration fees of R6,500 in advance of registration.

2.3       International students are required to pay the total tuition and residence fees for 2019 in advance of registration.

 

3.      The following categories of students are not required to pay 2019 registration fees:

3.1       All students who received the DHET gap funding / missing middle grant for the 2018 academic year.

3.2       All students whose studies are funded by NSFAS for the 2019 academic year.

 

4.      The following concessions are available to enable students with outstanding debt from previous years to obtain financial clearance in 2019 without fully settling their debt.

 

4.1       Students with outstanding debt up to R10 000 will be provided with financial clearance in 2019 upon:

4.1.1      Payment of the required registration fees; and

4.1.2      Payment of at least 50% of amounts committed to in previous repayment plans; and

4.1.3      Completion of the UKZN acknowledgement of debt (AoD), and a repayment plan that reduces the remaining historic debt by at least 50% by 30 November 2019.

 

4.2       Students who have confirmed NSFAS funding for 2019 will be provided with financial clearance in 2019 upon:

4.2.1      Provision of written confirmation of NSFAS funding; and.

4.2.2      Completion of the DHET acknowledgement of debt (AoD) form.

 

4.3       Students who are previous NSFAS beneficiaries will be provided with financial clearance in 2019 upon:

4.3.1      Payment of the required registration fees; and

4.3.2      Completion of the DHET acknowledgement of debt (AoD) form.

 

4.4       Students with a combined gross family income up to R350 000 per annum will be provided with financial clearance in 2019 upon:

4.4.1      Payment of the required registration fees; and

4.4.2      Payment of at least 50% of amounts committed to in previous repayment plans; and

4.4.3      Completion of the UKZN acknowledgement of debt (AoD), and a repayment plan that reduces the remaining historic debt by at least 50% by 30 November 2019.

 

4.5       Students whose studies are fully funded for 2019 will be provided with financial clearance in 2019 upon:

4.5.1      Verification of the written confirmation of funding; and

4.5.2      Payment of the required registration fees; and

4.5.3      Payment of at least 50% of amounts committed to in previous repayment plans; and

4.5.4      Completion of the UKZN acknowledgement of debt (AoD), and a repayment plan that reduces the remaining historic debt by at least 50% by 30 November 2019.

 

4.6       Students who do not fall into any of the above categories will be provided with financial clearance in 2019 upon:

4.6.1      Payment of 50% of the outstanding debt limited to a maximum amount of R32 000 if registering for tuition only and R64 000 if registering for tuition and residence; and

4.6.2      Payment of the required registration fees; and

4.6.3      Completion of the UKZN acknowledgement of debt (AoD), and a repayment plan that reduces the remaining historic debt by at least 50% by 30 November 2019.

 

These concessions are not available to any student who is employed on a full-time basis.

 

Issued by the Chief Finance Officer

Enquiries: Contact or visit the fees office at your nearest UKZN campus

 

DHET Acknowledgment of debt FORM

UKZN Acknowledgment of debt FORM