Students default on loans

Students studying with the assistance of the Namibia Students Financial Assistance Fund (NSFAF) recently told the Economist they refuse to pay back their study loans as they do not earn sufficient salaries once they become working graduates.
The NSFAF is a loan/grant scheme that was designed to replace the Public Service bursary scheme of which purpose was to train people to work solely in the Public Service. The operations of the NSFAF were approved by Cabinet in 1996 and were implemented in 1997. Ultimately the NSFAF was established and became operational under Act 26 of 2000.