Subsidies will ease pressure on some families: UCT

Subsidies will ease pressure on some families: UCT

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The University of Cape Town says the subsidies by the Higher Education Department will ease the financial pressure on some families.

The Department announced last year that it would subsidise the 2018 fee increase for all qualifying students.

The University says it spent over R1 billion on students’ funding last year.

Spokesperson, Elijah Moholola over R700-million was used in financial aid and assisting with historical debt for undergraduate students.

He says the money was sourced from the university’s own funds, academic department allocations and donated funds.

University fee increases were capped at 8%.

 

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Source: SABCNews

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