Proposed 8% hike will help needy students says SU

2016-09-19 22:25
(Supplied by Stellenbosch University)

(Supplied by Stellenbosch University)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Johannesburg - An 8% fee hike will allow Stellenbosch University (SU) to help financially needy students, vice-chancellor Prof Wim de Villiers said on Monday. 

“The increase in income will assist SU to continue providing bursaries to financially needy, academically deserving students. Our financial aid to students comprises more than 50% of our total annual income from student fees."

SU’s proposed budget would be adapted and prepared for consideration and approval by council. 

The institution proposed a, "differentiated bursary model". Financial help would be provided according to a sliding scale aligned with the annual household income of a student’s family.

This meant that next year, students with a household income of below R122 000 per year, would get National Student Financial Aid Scheme funding to include an 8% increase.

"SU believes that the additional government support and its already existing bursary model, amounting to R658 million, will cover the vast majority of the so-called 'missing middle' students," he said.  

Meanwhile NMMU acting rector Dr Sibongile Muthwa said the institution noted government’s recognition of the financial strain universities were under as a result of last year’s decision not to increase fees for the current academic year.

"It is further encouraged by government’s stance towards improving access to post-school education and that this 'immediate and pressing' task should not eat away at the financial stability of the sector."

Missing middle

Muthwa welcomed government’s commitment to mobilise public and private sector financial support. This would develop a funding support model for poor and “missing middle” students that would be tested in 2017.

The Federation of Unions of SA (Fedusa) called the government’s decision a balanced approach that would ensure stability at tertiary institutions.

Fedusa general secretary Dennis George congratulated Higher Education Minister Blade Nzimande for applying “collective wisdom” and taking cognizance of recommendations by affiliated unions.

Nzimande said while universities in the country could increase fees for 2017, the increase could not exceed 8%.

Meanwhile Wits University and University of Cape Town students earlier threatened to shut down the institutions, rejecting Nzimande's announcement. 

The SA Students’ Congress called on students to let universities decide what they would do about their increases before shutting down campuses with protests.

Read more on:    university of stellenbosch  |  cape town  |  education  |  university fees

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

Inside News24

 
PARTNER CONTENT
INFOGRAPHIC: New thinking required for retirement

Everything we believe about retirement is fast becoming outdated.

PARTNER CONTENT
WATCH: How education can change a life

A university education gives students the chance to create a better future for themselves, their families and to opportunity achieve their dreams.

/News

Book flights

Compare, Book, Fly

Traffic Alerts
Traffic
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.