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Jun
Justicia Shipena The Namibia Students Financial Assistance Fund (NSFAF) recovered less than 1% of student loans during the financial year that ended in March 2024. According to the latest audit report by Auditor General Junias Kandjeke, NSFAF recovered only N$18.27 million during the year under review. “The auditors noted that total recoveries were only N$18,271,916, which is less than 1% of total student debtors owing the Fund,” Kandjeke said. He found that the NSFAF has been ineffective in collecting student debt, noting that most debtors are years in arrears and there was no evidence that they had been contacted to…
