The Namibia Students Financial Assistance Fund (NSFAF) and the University of Namibia (UNAM), today signed a Memorandum of Understanding (MOU). The memorandum seeks to strengthen efforts by both organisations to service a mutual and key stakeholder: Namibian students. The document will therefore serve as a guide through which to interact and smoothen student funding.
“The MOU is the first official partnership between UNAM and NSFAF, despite the two organisations’ long history of working closely together”, remarked NSFAF Acting CEO, Mr Kennedy Kandume during the ceremony.
UNAM Vice Chancellor, Professor Kenneth Matengu welcomed the initiative and said he is “excited” about the prospects that this formal partnership brings. Further adding “it is important that Government continues to fund students because without it, many students will not be able to afford higher education”.
Additional agreements made during the MOU signing:
- 1st year students with NSFAF Acknowledgment letters are expected to pay a total registration fee of only N$ 1 575.00
- NSFAF will only fund students who have obtained at least 25 points in five subjects and who can produce an acknowledged letter during the registration period. Failure to produce an acknowledgement letter means that UNAM will deem the student to be self-funded.
First year students who are yet to apply for financial assistance and meet NSFAF funding requirements are therefore encouraged to apply and form part of NSFAF beneficiaries.