You must immediately inform the US loan administrator at the International Office that you have withdrawn or cancelled your studies.
The UCT International Office must determine whether any or all of the Direct loan funds need to be returned to the US DOE, before authorising any funds directly to the student. See refund policy.
A student who withdraws, cancels or graduates from UCT must complete the exit counselling session before UCT determines if they are eligible for a refund. You have 30 days to complete the exit counselling.
Prorated refund calculations apply to all Direct loan recipients who withdraw within 60% of the payment period. Any unearned funds has to be send back to the US DOE and your loan will be reduce accordingly. This may result in an outstanding tuition fee which must be settled immediately or before the student leaves.
Should you cancel or withdraw before classes starts, any funds disbursed to you will have to be returned/sent back. If you registered and then withdrew the international fee admin cost of R3,750 cannot be reversed/non-refundable and has to be settled by you immediately.