UNAM Owed N.dollars 350 Million in Student Debt.

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Windhoek: The University of Namibia (UNAM) is owed approximately N.dollars 353 million by students in unpaid fees for the 2024/25 financial year.

According to Namibia Press Agency, UNAM spokesperson Simon Namesho recently stated that students owe the institution a total of N.dollars 353,237,783, with the 2024 intake contributing N.dollars 184,324,925 of this amount. Students with outstanding balances are allowed to sit for examinations; however, their results are withheld until their debt is cleared.

Namesho explained that the policy enables students to complete their studies while holding them accountable for unpaid fees. To address outstanding debt, the university regularly reminds students about their account status through SMS and personalized emails.

UNAM has also introduced measures requiring students and their financial sponsors to enter into debit order agreements with the university to manage debt accumulation. This option provides a structured payment plan, allowing students to settle their deb
ts gradually while continuing their studies. UNAM’s approach prioritizes student success by encouraging financial stability without overly restrictive measures that could hinder access to higher education.

Namesho added that the challenge of student debt is complex and influenced by various socioeconomic factors. Self-funded students make up approximately 40 percent of the student population and bear the full cost of their education, making them particularly vulnerable to financial hardships that can lead to debt.

Despite the need for additional financial oversight, the university aims to offer flexible, student-centered solutions to address debt accumulation while remaining committed to its mission of accessible higher education.