Namibia: NSFAF Allocates N$3 Billion for Inclusive Loan System to Expand Higher Education Access

The Namibia Students Financial Assistance Fund (NSFAF) has set aside a budget of N$3 billion for a new loan system. This is aimed at funding eligible Namibians from all walks of life to access higher education and training.

NSFAF acting chief executive Kennedy Kandume says the fund is shifting from a pro-poor student funding system to an Inclusive Multi-Optional Student Loan System (IM-OSLS).

“Our projections are that if we implement the new system, the fund would need over N$3 billion as the…