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Concessions

DOWN PAYMENT EXEMPTION CONCESSION       

 
INFO TO NOTE: The down payment exemption concessions for the 2024 academic year (2024AY) are now open. The criteria for this concession are as follows:
  • Family/household income less than R600 000 per year
  • South African citizen
  • Admitted as full-time student for either a first undergraduate qualification or a first postgraduate qualification
  • Be defined as academically deserving
  • Students doing a second postgraduate qualification, which is a vertical movement e.g. honours to masters, is allowed.
If you comply with the above, the outstanding balance criteria is as follows:
  • Outstanding debt for 30 September 2023 – registration clearance with no acknowledgment of debt (AOD) issued
  • Outstanding debt for 20 June 2023 and 30 September 2023 only - AOD to be issued
  • Outstanding debt for 30 April 2023 and previous year’s debt – to be settled upfront. AOD only available after 30 April 2023 and previous years’ debt has been settled.
Down payment exemption concession is not funding, it is a relief mechanism to ensure access to academic and on-campus registration for academically deserving students. This relief does not cover allowances, off-campus accommodation etc. Moreover, this relief does not constitute a reduction in debt of the student.
 
Non-compliance: 
  • Uploading fictitious documents
  • Misrepresentation of household income
  • Dishonouring the acknowledgement of debt (AOD) payment terms
 
EXCLUSIONS:
  • MBChB 1 (Bachelor of Medicine and Bachelor of Surgery – first year)
  • Part-time studies
 
For further information please contact: studentaccounts@mandela.ac.za
 
NB* Students are advised to apply through the link: apps.mandela.ac.za/FinancialAid-Concessions
  • Student Accounts will communicate the outcome of the application to students in 5 working days after the application date. 
Should you be rejected for concessions, you may apply for concession appeals using the process below.
  • Student must have applied for concession
  • Be academically deserving
  • Have roll-over debt and 2023 debt (30 April 2023)
  • Not a horizontal move, i.e., (same NQF level)
  • Not admitted for part-time or occasional studies
  • Not be handed over to debt collectors
Lastly, an AOD will only be issued to students whose concession application was approved.
 
Contact information