What does NSFAF Loan Extension or Hold Means
NSFAF which is Namibia Student Financial Assistance Fund, funds Namibian students who intend to further their studies at institutions of higher learning.
LOAN EXTENSION
Definition: This refers to students who did not manage to complete studies within the prescribed program duration, and would like to request NSFAF to fund them for additional year(s).
Extension may only be allowed in circumstances where student`s study program duration is affected by:
a) Medical conditions,
Required documents are:
1) The student`s formal written request to NSFAF (Brief background summary),
2) Detailed Doctor`s sick Certificate (indicating visiting trends or sick days taken),
3) Doctor`s fitness letter after completion of treatment,
4) The studies deferral letter from the Institution of Higher Learning.
5) Full Academic Transcript from the Institution of Higher Learning,
6) Full Account/Financial Statement from the Institution of Higher Learning.
b) Institution of Higher Learning (IHL) curriculum changes
Required documents are:
1) The student`s formal written request to NSFAF (Brief background summary),
2) Full Academic Transcript from the Institution of Higher Learning
3) Full financial statement from the Institution of Higher learning
4) Letter from the university indicating the change of the curriculum.
5) Proof of registration of the current year of study (not mandatory but may be
required).
LOAN ON HOLD
Definition: It refers to students who intends to put their studies on hold due to illness or any other condition beyond own control.
Required documents are:
- Written request for postponement should be submitted and approved by NSFAF in
advance. - Full Academic Transcript from the Institution of Higher Learning,
- Full Account/Financial Statement from the Institution of Higher Learning and
- The studies deferral letter from the Institution of Higher Learning.
NOTE:
1) LOAN ON HOLD PERIOD IS CAPPED AT A MAXIMUM TWO (2) YEARS ONLY.
2) THE LOAN IS NULLIFIED IF FOR TWO (2) CONSECUTIVE YEARS THE STUDENTS DID NOT RESUME STUDIES.
NOTE: CONDITIONS TO ALL ENQUIRIES ON BULLET POINT 3
All requirements are listed in the application form. Incomplete applications shall NOT be accepted or acknowledged for any review or validation.
Yearly deadlines of all changes on award conditions (special consideration cases) are as follows:
a) 30th November for January intakes, and
b) 30th May for August/September intakes.
NOTE:
1) NO REQUESTS SHALL BE ACCEPTED AFTER THE DUE DATES.
2) NO QUERY WITH OUTSTANDING DOCUMENTS SHALL BE ACCEPTED
