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SACAP Financial Policy 2020

The document provides information on financial policies for students at SACAP, including details on payment plans, fees, and consequences for non-payment. It outlines three payment options - annual upfront, termly upfront, and monthly debit orders. Fees are due two weeks before each term starts. Failure to pay fees on time will result in restricted access to online resources until payment. Unpaid debit orders may also result in debt collection or change to upfront payment going forward.

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nzelilebuhle
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74 views3 pages

SACAP Financial Policy 2020

The document provides information on financial policies for students at SACAP, including details on payment plans, fees, and consequences for non-payment. It outlines three payment options - annual upfront, termly upfront, and monthly debit orders. Fees are due two weeks before each term starts. Failure to pay fees on time will result in restricted access to online resources until payment. Unpaid debit orders may also result in debt collection or change to upfront payment going forward.

Uploaded by

nzelilebuhle
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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FINANCIAL INFORMATION

Dear Student

We would like to welcome you to SACAP on behalf of the Finance Department.

Please find below the following information to assist you with the financial and administration side of your SACAP experience:

Payment plans:

As detailed on the SACAP Fee Structure document, the following three payment plans are available:

a. Annual Upfront Payment: Fees are paid upfront for the year and are due two weeks before the commencement
of term. A 5% discount is already factored into the amounts reflected on our Fee Structure, but this discount will
only be credited to the student’s account if full payment is received two weeks before term commences. If
payment is delayed then the full termly fees will be payable.

b. Termly Upfront Payment: Fees are paid upfront for the term and are due two weeks before the commencement
of term.

c. Monthly Debit Order Payment: A monthly debit order amount (as detailed on the Fee Structure or Pro Forma
Invoice) will be drawn against the fee payer’s account. The completed debit order form must be signed by the
nominated fee payer and submitted to the Admissions department before the commencement of term. We regret
that no other monthly payment plans are available (e.g. monthly EFT payments or ‘stop orders’).

Please take note of the following additional conditions that apply to debit orders:
o The debit order form is for a variable amount, and the amount actually debited against the fee payer’s
account will change to accommodate our standard annual fee increases and any other deviation from
your initial study plan.
o SACAP is not required to obtain consent to vary the debit order amount in accordance with a student’s
study plan.
o We regret that the Debit Order Payment plan is not available to International Students.

Payment Reference Numbers: Please ensure that only the relevant student number is used as a reference on any
payments made via EFT or direct bank deposit. This is essential for us to correctly identify and allocate payments onto
the correct student account. Please do not use names, ID number or telephone number as your reference. Proof of
payment should please be sent to [email protected] to further assist with allocation.

Application Fee:

An application fee is charged on application and is non-refundable whether the application is successful or unsuccessful.

Annual Registration Fee:

CPT I DUR I JHB I PTA I ONLINE


Head Office: 5th Floor Sunclare Building, 21 Dreyer Street, Claremont, Cape Town, 7708,
South Africa 0860 77 11 11 [email protected] www.sacap.edu.za
An annual registration fee is charged in each year of study for which a student is registered, until a student has completed
their qualification. Registration fees are payable strictly upfront and are non-refundable. With reference to our Fee Structure,
the registration fee has been included within the total amounts shown as payable under both the Annual Upfront and Termly
Upfront options.

Withdrawal / Deferral / Extension of Study

Once the academic term has started, any withdrawal / deferral / extension of studies will still result in a proportionate charge
for the term’s fees as follows:
 During Week 1 – 25%
 During Week 2 – 50%
 During Week 3 – 75%
 After Week 4 – 100%

Intensive modules are by their nature short modules that do not stretch over a full academic term. Once an intensive module
has commenced, a student will be charged in full for the module with no reduction for withdrawal etc.

Please refer to the Student Handbook for more detailed information regarding the administration of withdrawals / deferrals /
extension of studies.

Student Accounts:

 Proforma invoices (quotations) are provided to students on a request basis prior to the commencement of each
academic year, and they are based on a student’s study plan at the time of issue. Should a student amend their
study plan during the course of the year this may result in changes to their fees. Students are therefore advised to
liaise with the Student Accounts department in advance of making any changes to understand any financial
implications.
 All students are invoiced on a termly basis for the modules they are actually taking in any particular term. It will
thus take three terms to be fully billed for a full academic year of study. A student’s account may therefore go to
zero or into credit during the course of the year between the termly billings.
 Statements are sent out on a monthly basis to students with a balance owing on their account (debit balance).
Statements are available on request to students who do not have a balance outstanding (zero or credit balance).
 Only Registration Fees and Tuition Fees will be invoiced against a student’s account. Other sundry fees and
charges are not invoiced against a student’s account because they are charged strictly upfront on application or at
point-of-sale and are non-refundable.

Non-payment of Fees and Temporary Restriction of Access:

a. Debit Order Payment plan:


 Should a student’s debit order be returned as unpaid, the student will be sent an automatic notification
providing 12 working days to settle the unpaid debit order by EFT or otherwise.
 Should the unpaid debit order not be settled within the 12 day grace period, the student’s MySACAP account
access will be temporarily restricted until settlement is made. During this time the student will have no access to
MySacap and will not be able to access resources from MySacap, submit assignments, or complete exams or
open book tests until settlement is made.
 Should the unpaid debit order not be settled and a second month’s debit order is returned as unpaid, the student’s
entire term’s fees become due and payable, and the student may be handed over for debt collection.

CPT I DUR I JHB I PTA I ONLINE


Head Office: 5th Floor Sunclare Building, 21 Dreyer Street, Claremont, Cape Town, 7708,
South Africa 0860 77 11 11 [email protected] www.sacap.edu.za
 The student may also no longer be permitted to pay by debit order going forward and will instead be required to
pay the fees in full upfront for the term.

b. Termly Payment plan:


 Should a student not be on the Debit Order Payment plan, the student’s fees for each term are payable upfront in
full prior to the commencement of the term. Should these fees not have been paid, the student will be sent an
automatic notification providing 12 working days to settle the fees due.
 Should the full term’s fees not be settled within the 12 day grace period, the student’s MySACAP account access
will be temporarily restricted until settlement is made. During this time the student will have no access to MySacap
and will not be able to access resources from MySacap, submit assignments, or complete exams or open book
tests until settlement is made.
 Should the full term’s fees not be paid after 40 workings days the student may be handed over for debt collection.

c. General:
 On settlement, a proof of payment should be sent to [email protected] to expedite the lifting of the
MySACAP restriction.
 If, two weeks prior to the commencement of the following term, a student’s account has an outstanding balance,
for any reason, the student will be removed from their classes for the term about to commence and will not be
permitted to re-enroll, re-register or return to studies until the balance is settled in full (subject to class availability).
 Should a new module commence when a student is in the 12 day grace period, the student will not be permitted to
commence the module until the outstanding balance has been settled.

Should you have any further queries about your student fees or student account, please contact the Student Accounts
department at [email protected] where they will gladly assist you.

Gareth Latimer
Chief Financial Officer

CPT I DUR I JHB I PTA I ONLINE


Head Office: 5th Floor Sunclare Building, 21 Dreyer Street, Claremont, Cape Town, 7708,
South Africa 0860 77 11 11 [email protected] www.sacap.edu.za

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