NSFAF policy with inclusive multi-optional loan system
The Deputy Minister of Higher Education, Technology and Innovation, Natalie /Goagoses, announced amendments to the Namibia Students Financial Assistance Fund (NSFAF) policy during the official launch of the 2025 online application process in Windhoek earlier this week.
The Namibian government has unveiled the Inclusive Multi-Optional Student Loan System (IM-OSLS), a groundbreaking policy reform designed to expand access to higher education financing and ensure no student is left behind due to financial constraints.
Speaking at the announcement, /Goagoses emphasized the government’s commitment to making tertiary education accessible to all Namibians.
“As a responsible government, we are saying no child in this country should be roaming on the streets due to financial constraints,” she said.
The new IM-OSLS replaces the Pro-Poor Loan Scheme, removing income-based means testing and introducing a broad range of funding options. This policy aims to create a more inclusive framework that supports students at various educational levels and needs. It includes funding for Recognition of Prior Learning (RPL) and provides financial support for students enrolled in Bridging or Readiness Programs. The system also offers aid for those repeating a year, covers certificates at NQF Level 5, and assists students pursuing diplomas, bachelor’s degrees, and vocational training programs.
“This initiative is a transformative step towards making education more accessible and affordable for all,” said /Goagoses. She further highlighted the importance of supporting students entering tertiary institutions through bridging and readiness programs, emphasizing that no student should be excluded from opportunities due to financial barriers.
The application process for the IM-OSLS has been designed to be user-friendly, transparent, and accessible to all eligible students. /Goagoses urged students to take full advantage of this reformed system, emphasizing that education is a vital tool for personal and national growth.
“The future is in your hands. With hard work, dedication, and the support we are providing today, I have no doubt that you will achieve greatness and make valuable contributions to society,” she said.
By eliminating income thresholds and prioritizing inclusivity, the IM-OSLS represents a significant step in the government’s broader agenda to enhance access to higher education. The reform aligns with Namibia’s vision of fostering a knowledgeable, skilled, and equitable society.
Speaking at the announcement, /Goagoses emphasized the government’s commitment to making tertiary education accessible to all Namibians.
“As a responsible government, we are saying no child in this country should be roaming on the streets due to financial constraints,” she said.
The new IM-OSLS replaces the Pro-Poor Loan Scheme, removing income-based means testing and introducing a broad range of funding options. This policy aims to create a more inclusive framework that supports students at various educational levels and needs. It includes funding for Recognition of Prior Learning (RPL) and provides financial support for students enrolled in Bridging or Readiness Programs. The system also offers aid for those repeating a year, covers certificates at NQF Level 5, and assists students pursuing diplomas, bachelor’s degrees, and vocational training programs.
“This initiative is a transformative step towards making education more accessible and affordable for all,” said /Goagoses. She further highlighted the importance of supporting students entering tertiary institutions through bridging and readiness programs, emphasizing that no student should be excluded from opportunities due to financial barriers.
The application process for the IM-OSLS has been designed to be user-friendly, transparent, and accessible to all eligible students. /Goagoses urged students to take full advantage of this reformed system, emphasizing that education is a vital tool for personal and national growth.
“The future is in your hands. With hard work, dedication, and the support we are providing today, I have no doubt that you will achieve greatness and make valuable contributions to society,” she said.
By eliminating income thresholds and prioritizing inclusivity, the IM-OSLS represents a significant step in the government’s broader agenda to enhance access to higher education. The reform aligns with Namibia’s vision of fostering a knowledgeable, skilled, and equitable society.
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