Walter Sisulu University has set different Minimum Initial Payments (MIP) depending on the funding status of the student. Here’s a comprehensive look at the deposit amounts required for the 2024 academic year:
1. NSFAS Funded Students
- Tuition Fees: N/A
- Residence MIP: N/A
- Prior Year Debt MIP: N/A
Note: Students eligible for NSFAS funding but who did not apply will be considered self-funded.
2. Bursary Funded Students
- Tuition Fees: N/A
- Residence MIP: N/A
- Prior Year Debt MIP: N/A
3. Self-Funded Students
- Tuition Fees: R4,800
- Residence MIP:
- University Owned Accommodation: R15,000 deposit or 40% of the total amount payable.
- Leased Residences: 100% of the total amount payable.
Payment Agreement: Self-funded students must sign an Agreement of Debt (AoD) and a debit order mandate to pay current year fees before registration.
4. Fundi Funded Students
- Tuition Fees: Nil
- Residence MIP: As per notes (generally requiring full year fees, not just MIP).
- Prior Year Debt MIP: Nil
5. Students Previously Funded by NSFAS
- Self-Funded Students: R4,800 for tuition and R15,000 or 40% for residence.
- Prior Year Debt:
- 15% of debt if below R50,000.
- 30% if over R50,000. Note: This applies unless there is a written undertaking from a funder to settle prior year debt.
6. International Students
- No Prior Year Debt: MIP will vary based on the student’s funding source.
- With Prior Year Debt: 100% of prior year debt to be settled before registration.
Important Notes
- All self-funded students must ensure they sign the required debit order mandate to facilitate payment of current year fees.
- Students are encouraged to seek funding that covers full-year tuition fees instead of just the MIP.
- It’s crucial to check the specific requirements based on your individual situation, as different rules apply for various categories of students.