Varsity College Bank Account Numbers
Varsity College Banking Details; Check Varsity College Banking Details
A number of finance options are available to eligible prospective students and their parents. This section will guide you through these options and demonstrate just how possible it is to finance your studies.
At Varsity College there are three options for paying for your studies:
- Pay all fees up front.
- Pay a deposit at the beginning of the year and the balance of the fees over a specified period.
- Pay a fixed instalment over a specified period of time (no deposit payable).
Programme fees at Varsity College vary depending on the programme you have registered for. The Schedule of Fees provides details of the fees payable for each programme, and is available from any Varsity College campus. All fees exclude text books, the cost and purchase of which you are responsible for.
Some of our account payers have been the target of attempted invoice fraud using domain names that are confusingly similar to ours. We have seen incidents where our customers are contacted with fraudulent information about “new” IIE Varsity College banking details and a request that outstanding invoices be paid into the “new” IIE Varsity College account. Our banking details have not changed and we have no intention of changing them. The IIE’s Varsity College will never ask you for any personal information such as passwords, usernames, credit card details or PIN codes. If you receive any communications suggesting otherwise, or if you have any doubt about the authenticity of a communication made on a website, in an email, letter, or by telephone, please contact any of The IIE’s Varsity campuses before acting. We value our relationship with our customers and want to avoid our customers becoming victims of cyber-crime. However, we cannot be held liable for any damage caused through the fraudulent use of the Varsity College name.
How does a student loan work?
Student loans are provided by registered financial institutions such as banks. These loans are structured in such a way that, during the time you are studying, all that needs to be paid on a monthly basis is the interest accrued on the amount you have borrowed. Only once you have completed your studies and enter the working world will the capital and interest on your loan need to be repaid. The amount of R60, 000.00 has been used for illustrative purposes only and is not for a specific Varsity College programme. Interest rates, chosen deposits and monthly repayments will vary in accordance with different lending institutions’ policies and repayment terms.
|MONTHS||PROGRAMME CASH FEE||INTEREST RATE||BANK MONTHLY PAYMENT|
* The amount of R60, 000.00 has been used for illustrative purposes only and is not specific for any Varsity College programme. Interest rates and monthly repayments will vary in accordance with different lending institutions’ policies and repayment terms. For illustrative purposes we have not accounted for fee increases.
To qualify for a student loan, you will need to provide your bank with certain information, so that they can assess whether they are willing to grant the loan. The bank will insist that there is someone (normally a family member or a guardian) who will stand surety for the debt, and will also require proof that they have sufficient income to cover the monthly repayments. The interest rate that the bank offers may vary depending on the bank’s assessment of the surety.