Cornerstone Institute Financial Aid Application 2024/2025.
The Cornerstone Institute Financial Aid Programme is established to assist students to access tertiary study and to succeed at this study through the provision of financial assistance.
Financial assistance is usually in the form of partial remission of fees and is dependent on the availability of funds and the criteria below.
The responsibility for financing the balance of the fees rests with the student, according to the Yearbook, Section on ‘Payment of Fees’ on page 42 to 46.
Cornerstone provides financial aid from external funding as well as from internal resources as determined from time to time by Management. External funders include individual funders, organisations, trusts, churches or donors.
As a private higher education institution, Cornerstone does not receive any financial assistance or subsidy from the government.
Allocations for current students are prioritised according to the following criteria:
- nearness to completion of studies
- attitude and conduct
- community involvement
- continuing financial need
- academic progress
- indication of their own initiative to secure other funding
Allocations for new students:
- community involvement
- financial need as indicated on the Financial Aid Application Form
- prior academic record
- indication of their own initiative to secure other funding
Additional eligibility criteria may be considered as per a donor’s requirements.
Take note of the following:
- Financial Aid Application forms can be downloaded from the Cornerstone website. Only completed applications with all supporting documents will be considered.
- Only South African students and students from SADC countries may apply for financial aid.
- The student must pay the specified registration fee at registration to activate their approved funding.
- Returning students have to ensure that their student account is up to date before they can be considered for financial aid for the next academic year.
- All financial aid recipients are required to submit a bi-annual Funder Thank-you Letter to the Head of Student Services and to update their Personal Profile, which will be made available for funders.
- The student must commit to complete the qualification (failing which all monies granted must be repaid) and sign an undertaking accordingly.
- Module failures, as well as additional modules taken, are not eligible for financial aid.
- Failure of an applicant to disclose information that may influence the awarding of financial aid will result in the cancellation of funds awarded.
Scholarship and Bursary Scheme
Cornerstone Administered Financial Aid
Complete the 2020 financial aid forms and submit with all supporting documentation to bursar@cornerstone.ac.za or hand deliver in a sealed envelope to the Cornerstone reception desk. Please mark for attention to the bursar as ATTN: The Bursar.
Please note the bursar’s office hours are 9:00 am – 2:00 pm
BANKING DETAILS: Nedbank : Cornerstone Institute | A/C 1075030269 | Branch Code : 198 765 | Ref: Student Number