CUT Annual Report 2013

Size and shape
In 2012, the target was exceeded by 13%, while in 2013 the target was exceeded by more than 20%. This was as a result
of pressure from the community for more student places, encouraging CUT to consider increasing the enrolment, but within
what the economies of scale would allow. In as far as first-time entering students at undergraduate level are concerned,
2011 experienced a shortfall of 678 students (19.9% below target). In 2012, there was a shortfall of 497 students
(15.1% below target), whereas in 2013 the target of 3 230 students was exceed by 198 students (5.78% above target).
In 2012, the targets were exceeded in the African and Coloured population groups by 16.6% and 8.6% respectively, while
in 2012 the institution fell short of the target in the Indian and White population groups by 8.3%. In 2013, CUT exceeded
the targets in the African and Coloured population groups (19.05% and 12.65% above targets respectively), while the institution
fell short of targets in the Indian and White population groups (18.18% and 14.48% below targets respectively).
Lastly, whilst the STEM proportion of the enrolment increased marginally from 2011 to 2012, it fell short of its target by
0.3% in 2013, whereas other fields of study exceeded their targets. In 2013, the STEM proportion of the enrolment fell
short of the target by 6.6%, despite exceeding the headcount target of 5 495 students by 157 students.
Bursaries: First-year students who obtained 34 points calculated on the basis of their National Senior Certificate (NSC)
results, were awarded bursaries totalling R394 483. In total, R15.344 million was allocated for bursaries in various
categories.
NSFAS loans: Criteria for these loans were based on NSFAS requirements; that is, the candidate had to be academically
deserving and financially needy. The total allocation for 2013 amounted to R154 626 237.
External donors: These awards, which were based on external donors’ own criteria, amounted to a total of
R62 334 634. R651 217 was for disabled students.
Total financial aid granted in 2013
SOURCE OF FUNDING AMOUNT PERCENTAGE OF FUNDING
ALLOCATED
Student Financial Aid
Government
(NSFAS loans and bursaries)
CUT support
(bursaries and loans)
R155 277 454 67%
R14 166 362 6%
External donors
(bursaries only)
R62 334 634 27%
Financial aid totalling R231 778 450 was awarded to students in 2013 – an amount made up by CUT funds; NSFAS
grants; and externally funded bursaries and scholarships.
Financial aid was awarded to students on the basis of academic performance and financial need. The various categories
of financial assistance are discussed below.
CUT funding in 2013, provided a total of R15.344 million in financial support to students in the following categories:
Loans: The same criteria as those applicable to the awarding of NSFAS loans apply to
CUT-funded loans. Students who complete their studies successfully within the same academic year in which the loan
was awarded, also receive a 40% discount on the loan amount, awarded in the form of a bursary.
Changes in Tuition Fees charged and Financial Aid for Students
CUT reviews student fees on an annual basis. A policy and procedure for determining student fees ensures that, in the
composition of student fees, there is a balance between the recovery of costs for the services received by students in terms
of tuition and other related services and the fees charged. As a general guideline, student fees contribute between 25%
and 30% towards the costs incurred by the institution. CUT strives to carefully and efficiently manage the costs of service,
whilst ensuring that the quality of service is maintained.
No funds under institutional loans were allocated to students in 2013. Academic progress was monitored on an on-going
basis in order to identify students who would eventually qualify for financial aid, thus proactively identifying those
students likely to be excluded from registration on financial grounds.
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