Resumen
Public funding for higher education in South Africa is a significant investment. Large amounts of funds are invested in students and there is a national shortage of high quality students in scarce skills - in particular, students with a postgraduate qualification. Students tend to take longer to complete their studies which contributes to the workload of academic staff. Dropouts are affecting the deliverance of these students in a negative way and priceless research from these students is never delivered and published. Not only are fewer students and research being delivered, but large amounts of funding and human capital are wasted on educating students who will never complete their studies. Postgraduate studies have a potential greater loss, and a beta distribution on the dropout can predict the expected and unexpected loss for these students. The latter is an area for concern and needs to be assessed and addressed as soon as possible.