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Mangosuthu University of Technology Annual Report
39
Year
No. of Sponsors
No. of Sponsored Students
Total Sponsorship
2013
61
359
R 10, 409, 320.00
2014
89
542
R 17, 322, 863.00
2015
135
743
R 23, 631, 758.00
Postgraduate Bursaries and Scholarships
A prestigious scholarship to the value of
R4 890 000.00
was
offered by the National Research Foundation (NRF). One
hundred and six (106) BTech students from the Departments
of Chemical Engineering, Accounting, Chemistry, Human
Resources Management and Nature Conservation were the
beneficiaries of the NRF bursary in 2015. The NRF bursary
fund increased by 45% when compared to 2014 where an
amount of
R 2 680 000.00
was provided for full bursaries
to seventy (70) BTech students.
SETAS and other Business Organizations
A few Sector Education and Training Authorities (Setas)
and business organisations are working in partnership with
Mangosuthu University of Technology to promote access
and success for students in higher education. The Financial
Aid Office has been instrumental in sourcing more funds
from the Setas and other business organizations. In 2015
alone the office facilitated the signing of five Memoranda
of Understanding agreements (MoU). The following are
the MoUs signed and the value thereof:
ORGANISATION
AMOUNT
NUMBER OF STUDENTS
Culture, Arts, Tourism, Hospitality and Sport SETA
R 963,340.00
18
Insurance SETA
R 978, 990.00
66
Wholesale & Retail SETA
R 2, 892, 295.00
53
Umpheme (Pty) Ltd
R 101, 470.00
4
TOTAL
R 4,936, 095.00
141
The National Student Financial Scheme (NSFAS)
The National Student Financial Scheme (NSFAS) is the major source of student funding at Mangosuthu University of
Technology. In 2015 the NSFAS grant was
R 175, 888, 119.00
and specifically earmarked to assist financially needy
but academically deserving students. The University was able to assist
5965
students who were in need of financial
assistance. In 2014 the grant was
R 167, 512, 494.58
and
6172
students were assisted. The comparison between 2014
and 2015 shows a slight decrease in the number of recipients caused by the increase in the cost of study. The following
are statistics of students who received funding over a period of ten years.
Year
Students Applied
Bursaries Allocated
Percentage Allocation
2006
5451
4059
74.46
2007
5065
4047
79.9
2008
5105
4013
78.61
2009
6011
4281
71.22
2010
6818
4731
69.39
2011
6822
5453
79.93
2012
7383
6154
83.35
2013
7889
6111
77.46
2014
8134
6172
75.88
2015
7989
5965
74.67
Table 5.2: Statistics of NSFAS funding allocated to students for the past ten years (2006 – 2015).