THE 12 624 students that government recently announced would not receive funding will now all be funded by the Namibia Students Financial Assistance Fund (NSFAF).
NSFAF recently announced that it could only afford to fund 2 925 students due to a shortfall of N$641 million in its budget allocation.
Mass demonstrations around the country by disgruntled students pursued, threatening to shut down the higher education ministry if NSFAF and government fail to find alternatives to fund all students.
In total, 24 739 applications were received by NSFAF, of which 15 087 qualified for assistance.
The remaining 9 650 did not meet the funding requirements for assistance.
A meeting between NANSO, the prime minister, Swapo party youth league, finance ministry officials, education officials, NSFAF and various stakeholders on Monday this week resolved that the remaining students will be funded and that as of today, two thirds of the money needed to fund the students has been secured.
It is not clear how the money was secured.
According to NANSO Secretary General, Simon Taapopi, a working committee was formed by Cabinet was to provide feedback on the final funding plan within two weeks.
“The higher education ministry shall explore the establishment of a regulatory body to regulate tuition fees to ensure that education is not commodified. The finance ministry will expedite the payments of continuing students to ensure that higher learning institutions do not experience cash flow problems,” Taapopi said.