40717VC_VC_ELECHANDBOOK_UPDATE_LR

EDUCATION ASSISTANCE
ALL ABOARD THE EDUTRAIN!
Development of our staff is high on
our priority agenda. There are internal
and external opportunities for personal
development and to further your education
through recognised learning institutions.
It is also important to note that employees
should intend to study in a field and/or
discipline that would enhance their career
path at Varsity College.
Who gets education assistance?
BURSARIES:
For internal studies within ADvTECH’s
educational brands it would be:
• Varsity College employees: for non-work
related studies. A 67% bursary is
awarded to permanent staff of Varsity
College that study at Varsity College or
any of the other ADvTECH tertiary
brands.
• Family of Varsity College employees:
family is defined as blood relatives or
those defined by the law of the land.
Only one family member per employee
may study at any given time in any
given year. A 67% bursary is awarded
to family of Varsity College staff that
study at Varsity College or any of the
other ADvTECH tertiary brands.
• If a family member is attending school at
any of the ADvTECH schools, they can
apply for a maximum of a 10% bursary.
STAFF TRAINING:
For internal and external studies
e.g UNISA:
• Varsity College employees: for work
related studies staff can apply for study
assistance up to 100% of tuition fees,
budget depending.
How do I apply?
You need to complete a P33T (Application
for Study Assistance and Acknowledgement
of Debt). The following supporting
documentation needs to be submitted with
the P33T:
• Examination results of the previous
year/period if you have already
received Varsity College education
assistance.
• A pro-forma invoice of the tuition costs
– most institutions will supply you with
this on request.
• Should you be applying for a bursary
for a family member, then a copy
of their ID must be attached to
the application.
What are the conditions attached
to education assistance?
These are:
• Approval for bursaries/staff training is
budget dependent.
• Should you have less than six (6)
months service, you cannot apply for
education assistance.
• Tuition payments will always be paid to
the selected institution and not to you.
• The education assistance will only
include the cost of tuition and not
the cost of textbooks, study
material, registration fees, external and
supplementary fees.
• Internal study will be subject to space
availability and relevance to operational
requirements.
• A 67% bursary is awarded to permanent
staff of Varsity College that study at
Varsity College or any of the other
ADvTECH tertiary brands.
• A 67% bursary is awarded to family
of Varsity College staff that study at
Varsity College or any of the other
ADvTECH tertiary brands.
• All applications will be considered on
their individual merits.
• Approval for further years of study
are dependent on previous results; so
for example, if you are studying a three
(3) year degree and you fail some or all
of your 1st year modules then you will
be declined for further study assistance
and you may be required to pay back
some, or all, of the study assistance
provided.
• You are not required to pay back
Varsity College for your studies, but you
will be required to work back the
education assistance in the following
manner:
o Courses that run to a maximum of
six (6) months - you will need to
work for six (6) months, after
completion of the course.
o Courses that run over six (6) months
to a maximum of twelve (12) months
- you will need to work for twelve
(12) months starting after the
completion of the course.
o Should you terminate your
employment for whatsoever reason
before completing the required “work
back” period; you will become liable
for the pro-rata cost of the course.