2019 FINANCIAL ASSISTANCE AWARD UPDATE
Windhoek 20 May 2019 – The Namibia Students Financial Assistance Fund (NSFAF) would like to inform applicants, institutions of higher learning and all other stakeholders about the 2019 awards for financial assistance:
- NSFAF received a total of 24 739 applications for financial assistance for 2019 academic year of which 9 652 applicants did not meet the funding requirements. From the total applications received, 15 087 have met the minimum requirements and therefore eligible for funding.
- With the current allocation of N$1.138 billion, the Fund is able to honour payments for continuing students to the amount of N$1.076 billion and only 2 925 new applicants can be awarded at this stage due to a shortfall of N$641 million.
- NSFAF has employed a means-testing mechanism to select the 2 925 applicants who will qualify for funding by using the following selection criteria:
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- Combined Parental/Own Income
- Academic Performance
- Priority Fields of Study
- Regional Balance
The fund is in the process of consolidating the final list of the 2 925 awardees which will be made available on or before Friday, 24th May 2019 through our website and at Institutions of High Learning.
Note: This list is only for undergraduate studies and excludes VTC’s and Postgraduate studies.
The Ministry of Higher Education, Training and Innovation is in consultation with Treasury in an effort to secure additional funds to enable NSFAF to award the remaining 12,624 eligible new intakes.
The Fund regrets any inconveniences this has caused.
The mandate of NSFAF in terms of Namibia Students Financial Assistance Fund, 2000 (Act 26 of 2000), is to provide financial assistance in the form of loan/grant to eligible students at approved institutions of higher learning and to recover money from beneficiaries upon completion of their studies.
For more information
Namibia Students Financial Assistance Fund (NSFAF)
Marketing and Communications
Tel: +264 61 434 6014
www.nsfaf.na