I am currently a student enrolled at the University of Cape Town on South Africa, completing my Honors degree in Accounting. I was funded by an auditing firm throughout undergraduate studies and they had agreed to fund my studies this year.
However during the second week of March I received a call from their head office in Johannesburg notifying me, that they will not be paying for my studies any more due to financial constraints.
At this point school had already commenced and was relying on the firm cover my tuition fees and to send me a book allowance to purchase the required legislation and textbooks that are used in the across all my majors.
I had outstanding fees from the prior year which I had hoped they would help me settle so I can graduate in May 2017 however their decision to revoke the funding has affected or filtered into so many other areas that affect my academics.
I currently do not qualify for Financial Aid, I cannot get funding from any other company because I’m contractually bound to the auditing firm that has been funding me. My parents cannot afford to pay any of these amounts as I am one of five children. They also do not qualify to get loans or to sign as surety for the loans offered at commercial banks in my country.
I was devastated when I was told the firm would not be funding me because there were the only source of external financing I had. I’m honestly left with no help.
For the current year I have to pay
* Current year R43 837 which is $3 372
* Prior year R1062 which is $82
* Required Textbooks R2792 which is $215
Total $ 3669
This is supposed to me my financial year as I am due to write my Accounting board exams in January 2018.
Any help given would be truly appreciated.