Eligibility

Federal Aid is only awarded to students registering for the following degrees:

  • Undergraduate degree except MBChB
  • Honours degree
  • Master's degree
  • PhD degree

Courses that are NOT eligible for Federal Aid:

  • MBChB
  • nursing programmes
  • all other medical degrees programmes
  • diploma and certificate programmes
  • occasional non-degree programmes.

The amount you are eligible for is determined by your:

  1. cost of attendance (COA)
  2. minus any bursary, sponsorship or any other financial aid, including a FISB (faculty international student bursary)
  3. your effective family contribution (EFC)
  4. Plus Loan and Private Loan up to your COA (with a clear credit record).

Research work and dissertations

Students are not eligible to receive federal aid when studying, conducting research or writing up the dissertation in the United States (USA).

An exemption is when independent research as part of a doctoral degree programme can be conducted in a facility in USA strictly under the guidance of UCT and for only 1 academic period.

Direct Loan Interest Rates

Interest rates from the Student Federal Aid website.

Programme limits per academic period

Dependant undergraduate (UG) Subsidised Combined subsidised and unsubsidised
First year $3 500 $5 500
Second year $4 500 $6 500
Third year and beyond $5 500 $7 500
Independent UG and dependant UG whose parent cannot get a Plus loan Subsidised Combined subsidised and unsubsidised
First year $3 500 $9 500
Second year $4 500 $10 500
Third year and beyond $5 500 $12 500
Postgraduate Subsidised Total Unsubsidised
Graduate and professional students $0 $20 500

Aggregate limits

  Subsidised Combined subsidised and unsubsidised
Dependant UG $23 000 $31 000
Independent UG $23 000 $57 500
Graduate/Professional $65 500 $138 500
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