ENN1504
Assignment 1 Semester 2 2024
Detailed Solutions, References & Explanations
Unique number:
Due Date: 2024
(3 DIFFERENT ANSWERS PROVIDED)
MINUTES OF MEETING: GAUTENG COLLEGE FINANCE DEPARTMENT
Agenda Item 4.1: Students’ Tuition Fees Debts
The meeting commenced with Mr. Selby addressing the issue of unpaid tuition fees. He
highlighted the broader socio-economic challenges affecting families, including high
unemployment rates and the aftermath of the Covid-19 pandemic. Mr. Selby pointed out that
about 60% of the students did not receive funding from the National Student Financial Aid
Department, resulting in significant tuition fee debts. The college relies heavily on these fees to
cover essential costs such as salaries for contract lecturers, utility bills, and resources like
computers and sports equipment.
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