year in review 2018 Paperturn - Page 34



in government funding over the
past few years, the Department of
Higher Education responded with
an unplanned but welcome injection
of funding in 2018. UCT, however,
remains committed to helping
students who cannot afford fees,
provided they meet the financial
criteria and register good academic
progress during the course of their
studies. In 2018 we funded 3 838
students through the National Student
Financial Aid Scheme (NSFAS) and
provided close to 1 000 financially
eligible first-year students with free
laptops funded solely by UCT.
STUDENT FUNDING
UCT remains the only tertiary
institution in South Africa that
offers financial aid far above the
government threshold of R350 000
– UCT’s financial aid programme
(GAP funding) extends to households
that earn up to R600 000 per
annum. According to preliminary
(unaudited) analysis, R1.2 billion
was made available for financial
assistance at both undergraduate and
postgraduate level for 2018.
Coupled with the country’s various
stringent economic factors and the
significant decrease, in real terms,
32

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