Applying For a Study Loan
What types of financial assistance are offered by NSFAF?
The Fund offers the following types of Financial Assistance:
A. Student loans:
This financial assistance covers tuition fees, transportation, textbooks and accommodation. The loan is repayable to the Fund upon completion of studies and secured employment.
B. Scholarships:
A scholarship can be granted on full or partial basis and is non-repayable.
For a full scholarship the Fund will cover full tuition, registration fees, textbooks and living expenses.
For a partial scholarship the Fund will cover full tuition, registration fees and textbooks. Living expenses should be catered from a different source.
When do I apply for financial assistance with the Fund?
Online applications are open From November each year. Students are encouraged to make sure all documents are uploaded during the application period.
Where can I obtain the application information?
* No manual application forms will be accepted during the application process.
* Funding requirements can be found on the NSFAF website and various brochures distributed in all regions.
*Applications are strictly online.
When is the closing date for submission of application forms?
Closing dates are publicized during every application period via social media, print media, radio and the NSFAF website.
How do students apply for financial assistance?
Applicants are encouraged to visit the NSFAF website and follow the 'apply for financial assistance' link.
What documents are needed when applying for financial assistance?
1. Undergraduate 2018 Grade 12
a. Full Birth Certificate
b. Namibian ID
c. Mother's proof of income. If unemployed, declaration from Commissioner of Oaths. If deceased, death certificate.
d. Father's proof of income. If unemployed, declaration from Commissioner of Oaths. If deceased, death certificate.
e. Parents IDs (scan both ID's in 1 pdf document. If deceased, death certificate(s) (scan documents in 1 PDF document).
f. If you are 28 years or older, proof of own income if employed (if unemployed, declaration from Commissioner of Oaths).
2. Undergraduate 2012 to 2017 Grade 12
a. Full Birth Certificate
b. Namibian ID
c. Grade 12 Certificates (scan into 1 pdf document)
d. Mother's proof of income. If unemployed, declaration from Commissioner of Oaths. If deceased, death certificate.
e. Father's proof of income. If unemployed, declaration from Commissioner of Oaths. If deceased, death certificate.
f. Parents IDs (scan both ID's in 1 pdf document. If deceased, death certificate(s) (scan documents in 1 PDF document).
g. If you are 28 years or older, proof of own income if employed (if unemployed, declaration from Commissioner of Oaths).
3. Undergraduate Prior to 2012 Grade 12
a. Full Birth Certificate
b. Namibian ID
c. Grade 12 Certificates (scan into 1 pdf document if more than one)
d. Mother's proof of income. If unemployed, declaration from Commissioner of Oaths. If deceased, death certificate.
e. Father's proof of income. If unemployed, declaration from Commissioner of Oaths. If deceased, death certificate.
f. Parents IDs (scan both ID's in 1 pdf document. If deceased, death certificate(s) (scan documents in 1 PDF document).
g. If you are 28 years or older, proof of own income if employed (if unemployed, declaration from Commissioner of Oaths).
4. Undergraduate Foreign Grade 12
a. Full Birth Certificate
b. Namibian ID
c. Grade 12 Certificates (scan into 1 pdf document if more than one)
d. Letter of evaluation for international foreign qualification from Namibia Qualification's Authority (NQA)
e. Mother's proof of income. If unemployed, declaration from Commissioner of Oaths. If deceased, death certificate. <br.
f. Father's proof of income. If unemployed, declaration from Commissioner of Oaths. If deceased, death certificate.
g. Parents IDs (scan both ID's in 1 pdf document. If deceased, death certificate(s) (scan documents in 1 PDF document).
h. If you are 28 years or older, proof of own income if employed (if unemployed, declaration from Commissioner of Oaths).
5. Undergraduate Mature Age
a. Full Birth Certificate
b. Namibian ID
c. Grade 10 Certificates (scan into 1 PDF document if more than one)
d. Mature Age Official Results from UNAM or NUST only
e. Proof of working experience
f. Proof of Income or Certificate of Services
6. Undergraduate Grade 12 Diploma
a. Full Birth Certificate
b. Namibian ID
c. Grade 12 Certificates (scan into 1 pdf document if more than one)
d. Mother's proof of income. If unemployed, declaration from Commissioner of Oaths. If deceased, death certificate.
e. Father's proof of income. If unemployed, declaration from Commissioner of Oaths. If deceased, death certificate.
f. Parents IDs (scan both ID's in 1 pdf document. If deceased, death certificate(s) (scan documents in 1 PDF document)
g. If you are 28 years or older, proof of own income if employed (if unemployed, declaration from Commissioner of Oaths).
7. Postgraduate
a. Full Birth Certificate
b. Namibian ID
c. Grade 12 Certificates (scan into 1 pdf document if more than one)
d. Academic Record, Proof of first degree and letter of accreditation for international foreign qualification from NQA (scan all documents into 1 pdf)
e. Proof of own income if employed. If unemployed, declaration under oath.
8. Government or SOE owned VTCs, Local
a. Full Birth Certificate
b. Namibian ID
c. Grade 10 and/or Grade 12 Certificates (scan into 1 pdf document if more than one)
d. Letter of evaluation for international foreign qualification from Namibia Qualification's Authority (NQA)
e. Mother's proof of income. If unemployed, declaration from Commissioner of Oaths. If deceased, death certificate.
f. Father's proof of income. If unemployed, declaration from Commissioner of Oaths. If deceased, death certificate.
g. Parents IDs (scan both ID's in 1 pdf document. If deceased, death certificate(s) (scan documents in 1 PDF document).
h. If you are 28 years or older, proof of own income if employed (if unemployed, declaration from Commissioner of Oaths).
9. Privately Owned VTC/HTC, Local
a. Full Birth Certificate
b. Namibian ID
c. Grade 12 Certificates
d. Letter of evaluation for international foreign qualification from Namibia Qualification's Authority (NQA)
e. Mother's proof of income. If unemployed, declaration from Commissioner of Oaths. If deceased, death certificate.
f. Father's proof of income. If unemployed, declaration from Commissioner of Oaths. If deceased, death certificate.
g. Parents IDs (scan both ID's in 1 pdf document. If deceased, death certificate(s) (scan documents in 1 PDF document).
h. If you are 28 years or older, proof of own income if employed (if unemployed, declaration from Commissioner of Oaths).
10. VTC/HTC SADC Tile
a. Full Birth Certificate
b. Namibian ID
c. Grade 12 Certificates
d. Admission Letter
e. Letter of evaluation for international foreign qualification from Namibia Qualification's Authority (NQA)
f. Mother's proof of income. If unemployed, declaration from Commissioner of Oaths. If deceased, death certificate.
g. Father's proof of income. If unemployed, declaration from Commissioner of Oaths. If deceased, death certificate.
h. Parents IDs (scan both ID's in 1 pdf document. If deceased, death certificate(s) (scan documents in 1 PDF document).
i. If you are 28 years or older, proof of own income if employed (if unemployed, declaration from Commissioner of Oaths).
What are the minimum undergraduate requirements to qualify for financial assistance at local and international institutions?
- 25 points in Grade 12 in five subjects, with an F symbol in English in Namibia.
- 30 points in Grade 12 in five subjects, with an E symbol or better in English for study at Regional / International institution.
- 35 points in Grade 12 in five subjects, with an E symbol or better in English for study towards Engineering and Medicine at Regional / International institution.
- Post-Grade 12 qualification evaluated at NQF Level 5 with 20 points in Grade 12 in five subjects, with an F symbol in English.
- 22 points in six subjects at Grade 10 level for vocational training programme.
- Mature age entry certificate and 23 of age
At which international institutions of higher learning can I apply to obtain funding?
NQA accredited local and international institutions of higher learning. However, NSFAF only recognizes the following institutions of higher learning in the following countries:
Russia: Peoples’ Friendship University, First Moscow State Medical University and Saint Petersburg Engineering Academy,
Ukraine: O.O. Bogomolets National Medical University, Vinnitsa National Medical University and Kharkiv National Medical University,
India: JSS University and Oxford Nursing College.
China: Only for postgraduate and research students.
How do I know whether I have been awarded financial assistance or not?
Notification through SMS and email. Please ensure that you provide valid cellular phone number and email address during the application process.
When can students expect to be informed about the outcome of their applications?
Between January and March each year.
What is the selection procedure for students applying for Vocational Education and Training?
Students registered with a recognized VTC should apply for financial assistance through the normal online application process.
When can I apply for the postgraduate financial assistance?
Between November and March each year.
Can I qualify for financial assistance if I want to continue with postgraduate studies immediately after completing my undergraduate degree?
Yes, provided that you meet all requirements for funding and the programme of study is in line with the undergraduate field that was previously funded.
Which are the priority felds of study for different levels of studies?
Priority Field of studies are published annually for the purpose of granting financial assistance. The fields can be found on the NSFAF website.
When does NSFAF effect payments at institutions of higher learning?
On submission of proof of registration, a certified copy of the previous year’s academic records and receipt of a valid invoice from the institution of high learning.
Will the fund pay for my studies if I have failed an academic year?
No, the fund does not pay for repetition, but will re-activate the funding once one has progressed and submitted proof to that effect.
Will I be able to change the course or the institution of higher learning after I have submitted the proof of registration?
Yes, provided that your application for change is approved.
What happens in a case where my academic cost is higher than the amount awarded—will the Fund cover the difference?
No, NSFAF will only cover the amount as per approved rates and as indicated on the award letter. Students should find other means to cover the shortfall.
If I have a loan/grant or I’m on a NSFAF scholarship, studying abroad, and my course requires me to do an internship back at home, will the Fund cover my travelling expenses?
A return flight ticket may be issued, provided that such internship is an integral part of the curriculum leading to graduation.
Do beneficiaries have to pay the money back after completing their studies?
All loans are repayable upon completion and gainfully employed.
When must I start repaying my student loan?
Within six months of completing studies and secure employment. If a student cannot find employment, he/she may postpone repayment by notifying NSFAF in writing.
When must I start repaying my student loan?
What is the process of paying back a loan?
- Complete contact details, indicating postal and residential addresses including actual and permanent residence;
- Details of his/her employer and employment status;
- Student’s consent to the Loan/Grant agreement for loan deductions after the completion or cancellation of studies;
- Any change in contact details, employment status and details of his/ her employer.
Paying Back My Loan
Do students have to pay the money back after completing their studies?
Yes, if it was a loan. For the Income Contingent Loan, the repayments start when the individual is employed. By paying back your NSFAF study loan, you are assisting someone else who needs it just as much as you did.
When am I expected to repay my student loan?
- The time required to start repaying is within six months of completing studies. If a student cannot find employment, it is possible to postpone repayment; in such a case, the request for postponement of repayment must be made to the Board of NSFAF in writing.
- Immediately once the beneficiary has secured employment and earning a taxable amount
- When the student has not completed their studies and thus committed breach of contract
What is the process of paying back a loan?
-
The student must consult with NSFAF and provide the Fund with the following information:
- Complete contact details, indicating postal and residential addresses including actual and permanent residence;
- Details of his/her employer and employment status;
- Student’s consent to the Loan/Grant agreement for loan deductions after the completion or cancellation of studies;
- Any change in contact details, employment status and details of his/ her employer.
- Also Refer to NSFAF Student Loans Repayment Guide
How often do you send Loan statement?
What are the modes of repayment?
Salary Deductions
Electronic Funds Transfer
Debit Orders
BANK DETAILS:
Account Name: NSFAF
Account number: 800 484 589 4
Branch Code: 482 172
Bank Name: Bank Windhoek
How do I pay my loan from abroad?
What happens if I default?
Can you clear in one installment?
Does NSFAF charge ledger fees?
What happens when I clear my loan?
What happens if I overpay?
What happens if I die during my repayment process?
What happens if I change employers?
Loans are not recoverable after six years. Is it applicable in your case?
How do you determine the monthly deduction rate?
Does my employer need authority from me to make loan deductions?
My employer stopped deductions from my pay what do I do in this case?
When am I eligible to apply for suspensions of loan repayment?
- When the debtor’s annual earnings fall below a taxable income threshold.
- When the debtor becomes unemployed.
- When the debtor becomes incapacitated due to medical conditions.
- When the debtor dies.
- When debtor goes for further studies without an income.
Remember: It is your legal responsibility to keep in touch with NSFAF and to inform us of any change of address and payment.change of address.
For more information, contact us at
Tel: +264 61 434 6041 / +264 61 434 6054 / +264 61 434 6068 / +264 61 434 6073 / +264 61 434 6087 / +264 61 434 6091
Email: recovery@nsfaf.na