NSFAF reduces promised payments to N$5 000
Based on the funds the institution currently has, it can only afford to pay students half of what was promised.
19 May 2020 | Education
The Namibia Students Financial Assistance Fund (NSFAF) will only pay its beneficiaries N$5 000, as opposed to the initial N$10 000 non-tuition fee.
This was revealed in an interview with chief human capital and corporate affairs officer Olavi Hamwele yesterday morning.
“The initial announcement was meant to assist students with e-learning education, but that particular decision is yet to be made by the committee that deals with the e-learning strategy nationwide,” Hamwele said.
“However, we need to give students at least something to help them with their expenses such as transport, accommodation and electronic devices.
All they can afford
“Based on the amount of funds we have at this particular point in time, we can only afford to give students N$5 000.
More funds will be made available as soon as we receive it.”
Hamwele added that they are working on releasing tuition fees as “it is very critical to pay intuitions of higher learning in order for them to deliver and provide what they need to provide to students”.
According to their current records, the institution does not owe any outstanding fees, and he urged international students requesting for financial assistance to engage embassies and high commission offices.
“If students have issues in other countries, we advise them to register their issues in terms of what assistance can be granted. However, the funding policy for international students remains the same.”
While a study was carried out to assess NSFAF's viability to operate under the education ministry instead of as a parastatal, Hamwele declined to comment.
“Currently, I have no liberty at discussing the report.
“The outcome of the study is still outstanding and yet to be announced,” he said.