Sounds huge! Right? Because University is a huge thing and so is every associated with- huge amounts of effort, time and money!
University Finances run from cab fare to, buying books and study materials, and most importantly, paying tuition fees to maintain your admission status in University.
That’s how much of a big deal university financing is, it either keeps you in or eventually makes you leave.
Large sums of money are required for University funding and it’s for that reason different companies & organisations offer grants, bursaries, scholarships and loans to University students.
Grants, bursaries and scholarship have one good thing in common, the beneficiaries are not expected to pay any cent back and are offered to selected programs or fields of studies. Loans on the other hand, the debtor is required to pay the money back after their studies.
Let’s dive into the options one has.
Namibia Students Financial Assistance Fund is quite well-known. It offers loans and grants for recognized institutions of higher learning, locally, in the SADC region and also beyond the SADC region.
The good thing about it is that it does not exclude any field of study, though it has priorities with regards to the fields of studies.
• An applicant should be a Namibian citizen;
• An applicant should apply to study full/part-time or distance at accredited and recognized Institutions of Higher Learning;
• Applicants should have obtained 25 points (in grade 12) in five subjects with an F in English to qualify for funding at local Institutions of Higher Learning, however applicants intending to study Education and Law should obtain 25 points (in grade 12) in five subjects with a minimum of E in English;
• Applicants who have improved their English through English Programmes offered by institutions of higher learning will also be considered provided that such a programme is not less than three (3) months and they have obtained a pass;
• Applicant admitted on Mature Age Entry should be considered for funding provided that a proof of admission on mature age from the public local Institution is provided to NSFAF. Mature Age Entry Applicants should at least be 23 years old.
For more information visit their website:
2. Social Security Commission (SSC)
This company provides bursaries and study loans to academically deserving Namibians from socio-economically disadvantaged backgrounds who are unemployed, to study full-time in the SADC region. Bursaries are offered to undergraduate studies and Loans to postgraduate studies.
Undergraduate fields of studies
Social Work ; Agriculture; Engineering; Artisan related fields (N1 to N6) including manufacturing and qualifications leading to vocational instructors’ course; Medical related fields (applicants for Occupational therapy, Dentistry, Physiotherapy, Radiography students are highly encouraged)
Criteria for Bursaries application
a) Students without prior qualifications who want to attain their first Diploma or a first Degree on a fulltime basis at any recognized and reputable institution of higher education.
b) Namibians from all regions and all ethnic groups with a Grade 12 or equivalent qualification.
c) Aggregate of 70% in August 2018 exams or at least 27 points in Grade 12 final exams in five (5) subjects including English). With an exception for Bachelor of Medicine & Surgery and Bachelor of Dentistry.
d) Tertiary students must have an aggregate of at least 65% in their most recent semester examinations. Students from marginalized groups are only expected to meet admission requirements of the respective institutions of higher learning.
e) Parents’ combined income should be below N$150,000.00 per annum
Post Graduate Level fields of study:
Honours, Master’s & Doctoral studies in: Social Work; Agriculture; Engineering; Vocational fields including manufacturing and studies leading to qualifications as Vocational Instructors. (above N6); Medical related fields preferably Occupational therapy, Dentistry, Physiotherapy, Radiography, Pharmacy; Actuarial Studies/Sciences; Education (degree upwards); Monitoring and Evaluation; Fisheries and Marine Resources; Tourism and Hospitality; Food and Beverages, Food Preparation and Culinary Arts.
Criteria for Loans:
a) Students with undergraduate qualifications who want to pursue postgraduate qualifications on a full time basis at any recognized and reputable institution of higher education. Parents’ combined income should be below N$250,000.00 per annum.
b) Tertiary students must have an aggregate of at least 65% in their most recent qualification except the marginalized groups who are expected to meet admission requirements of the respective institutions of higher education. (applicable to undergraduate qualifications).
c) School going applicants must have an aggregate of 70% in August 2018 exams or at least 30 points in Grade 12 final exams in five (5) subjects including English.
d) Post-graduate applicants must have an aggregate of 60% in their most recent postgraduate qualification.
e) The loan ceiling is N$250,000 for the duration of the approved course.
For more information kindly visit their website www.ssc.org.na
NamPower offers Undergraduate and Postgraduate bursaries for young Namibians who wish to pursue studies at a University or Technikon.
• Degree in Electro-mechanical engineering
• Degree in Mechatronics
• Degree in Electrical/Power Engineering
• Degree in Education majoring in Maths and Science
• Vocational Training– Mechanical: Fitting & Turning Electrical General (Level4 – Level 6)
• Masters in Electrical/Power Engineering
• Masters in Information Technology (Specializing in Security)
NamPower also offers bursaries to people with disabilities for the following fields of studies:
• Special Education (Masters Degree in Special Education)
• Degree in Accounting
• Degree in Business Administration
(Applicants are required to indicate the nature of disability on the application form.)
• Namibian Citizenship
• Grade 10 end of the year results
• Grade 12 April and August results
• Academic progress report, if already a student at a University, Technikon or University of Technology
• Provisional acceptance at a University, Technikon or University of Technology, Institution of Higher Learning.
4. OLD MUTUAL
It offers bursaries to members of the participating Trade Unions mentioned below and their dependants who wish to further their education at a recognised/accredited institution of higher learning within the SADC region.
The trade Unions are:
Mine Workers Union of Namibia (MUN); Metal and Allied Namibian Workers Union (MANWU); Teachers Union of Namibia (TUN);Namibia Food and Allied Workers Union (NAFAU); Public Service Union of Namibia (PSUN); Namibia Transport and Allied Workers Union (NATAU); Namibia National Teachers Union (NANTU); Namibia Public Workers Union (NAPWU); Namibia Financial Institutions Union (NAFINU)
The applicant should be:
• A member of one of the participating trade unions;
• A solely financially-dependent child of a member of the participating trade union and under the age of 25;
• A solely financially-dependent grandchild or other blood relative to the member and;
• Under the age of 25.
Fields of Studies
• Natural Sciences
• Mathematical Sciences
• Engineering and Architecture
• Health Sciences
• Banking and Finance
• Actuarial Studies
• Information and Communication Technology
For more information: http://www.oldmutual.com.na/docs/librariesprovider7/about-us—transformation—education-trust/transformation/education-trust/application-form-for-under-graduates.pdf?sfvrsn=6
5. MTC Namibia
It offers scholarship to Students in their second year of studies. Namibians from previously disadvantaged groups with strong academic track records who are in need of financial assistance are considered a priority.
Check out all the details on their website.
• The Law Society of Namibia
• Roads Authority
Students are encouraged to apply for as many funding opportunities as possible for one is never guaranteed funding from one company or organisation. University funding forms a fundamentally important component of every Namibian child’s education.