For many South African students and parents, investing in a quality private education is both a dream and a financial challenge. Varsity College, one of South Africa’s leading private higher education institutions under The Independent Institute of Education (IIE), offers premium academic programs—but they come at a cost. Understandably, many prospective students ask: Can you pay Varsity College fees in installments?
Thank you for reading this post, don't forget to subscribe!In this guide, we break down the payment plans available at Varsity College, how installment options work, and what to expect as you plan your educational investment. Whether you’re a working parent, a bursary recipient, or a self-funded student, this article will help you make an informed, stress-free decision.
Does Varsity College Offer Payment Plans?
Yes, Payment Flexibility Is Available
Varsity College does offer structured payment options to assist students and families in managing tuition fees. These are typically broken down into three main payment structures:
- Annual Payment – Full payment upfront (often with a discount).
- Bi-annual Payment – Payment split into two equal parts (usually January and July).
- Monthly Installments – Payment spread out over 10 to 11 months (January to November).
Each option is tailored to suit different financial needs and cash flow circumstances.
Pro Tip: Choosing the upfront payment plan can result in a fee reduction—often up to 5%. Always confirm the current discount directly with the campus.
How Monthly Installments Work at Varsity College
Step-by-Step Breakdown
Step 1: Apply for the Installment Option
Once accepted into a programme, you’ll be asked to choose your preferred payment option. If you select monthly installments, Varsity College will issue a payment plan agreement outlining your obligations.
Step 2: Sign a Debit Order Agreement
Varsity College requires students (or their guardians/sponsors) to sign a debit order mandate. This allows the college to automatically collect monthly tuition installments from your bank account.
Step 3: Make Your First Payment in January
Monthly installment plans typically begin in January and end in November. Each monthly installment includes a portion of the tuition and may include an admin fee depending on the programme and payment plan selected.
Important: If you register later in the year, you may need to catch up missed installments or pay a larger upfront portion.
Key Costs to Keep in Mind
What You’re Paying For
Varsity College’s fee structure varies by:
- Campus location (e.g., Durban North vs. Sandton)
- Programme type (e.g., BCom vs. Higher Certificate)
- Delivery mode (contact learning vs. distance learning)
Here are the key fees you should budget for:
| Cost Item | Approximate Range (2025) |
|---|---|
| Registration Fee | R1,500 – R2,000 |
| Annual Tuition (Degree) | R65,000 – R99,000 |
| Annual Tuition (Certificates) | R35,000 – R55,000 |
| Payment Plan Admin Fee | R1,000 – R2,000 (if applicable) |
Fees are indicative. Always refer to your nearest Varsity College campus or official website for accurate 2025 fee tables.
FAQs About Varsity College Payment Plans
Is a credit check required?
Not usually. However, proof of income or financial responsibility (like a signed surety form) may be required from the person responsible for payment.
Can NSFAS cover Varsity College?
No. Varsity College is a private institution, and NSFAS does not fund private higher education. Students will need to use personal funds, private bursaries, bank loans, or employer sponsorships.
What happens if I miss a payment?
Missed payments may result in academic holds, such as being blocked from exams or results. Varsity College also reserves the right to hand over overdue accounts to collection agencies.
Funding Alternatives to Help You Pay
While NSFAS does not apply, here are other options South African students can explore:
- Bank Student Loans (e.g., Standard Bank, FNB, Nedbank)
- Edu-loan/Capitec Education Finance
- Employer Study Assistance Schemes
- Merit-Based Bursaries from private companies or NGOs (e.g., SA Bursaries)
Checklist Before You Apply for Payment Plans:
- Compare upfront vs. installment fees
- Read the payment terms in your contract
- Set up a dedicated debit account to avoid default
- Contact the finance office for personalised support
Read more: Full List of Varsity College Courses with Fees for 2025
Varsity College’s payment plans are designed to offer flexibility while maintaining accountability. By opting for a monthly payment plan, many South African families can access high-quality education without overwhelming financial strain—as long as the plan is understood and followed closely.
Always read your payment contract carefully, keep communication open with the finance office, and plan ahead for annual fee increases.
Also check: Capitec External Bursary Programme 2026
