Namibia Students’ Financial Assistance Fund (NSFAF) Payment Plans and Calculators for Students Abroad
It is a requirement to pay back your loan monies awarded after six months of completing your studies. If you are unable to find employment within six months after completion, you must notify the Fund in writing in order to get an extension not to start repaying the loan.
If you are working you must present your latest payslips to permit to the NSFAF to calculate the amount corresponding to the monthly loan:
| Net Salary per Month (Namibian Dollar) | % to be deducted |
|---|---|
| 0 3 999 | 0% |
| 4 000 9 999 | 3% |
| 10 000 14 999 | 4% |
| 15 000 19 999 | 5% |
| 20 000 24 999 | 6% |
| 25 000- 29 999 | 7% |
| 30 000 AND MORE | 8% |
If you are pursuing your postgraduate studies, you are excluded from paying your due. However, you will be recalled once you have completed you studies. You have to justify your situations by a Proof of Registration at university.
If you are working abroad you must present your latest payslips to permit to the NSFAF to calculate the amount corresponding to the monthly loan:
| Net Salary per Month (Namibian Dollar) | % to be deducted |
|---|---|
| 0 3 999 | N.M |
| 4 000 9 999 | N.M |
| 10 000 14 999 | N.M |
| 15 000 19 999 | N.M |
| 20 000 24 999 | N.M |
| 25 000- 29 999 | N.M |
| 30 000 AND MORE | N.M |
N.M: Not Mentioned