Kapere calls for public-private partnership approach in students' funding

26 Jan 2018 17:50pm
WINDHOEK, 26 JAN (NAMPA) – The executive chairperson of the National Youth Council (NYC) of Namibia has called for the introduction of a funding model for tertiary education that could follow the public-private partnership (PPP) approach.
Mandela Kapere said in a media statement issued here Friday that such a funding model was proposed in the last National Education Conference (2011).
A PPP is a relationship formed between a private company and government in which private sector resources and/or expertise is availed to help deliver assets and services for the public.
Kapere explained that having the contribution of the government and the private sector could ameliorate the funding challenges usually encountered by underprivileged students.
“Such funding model will not only eliminate the outcry caused by the University of Namibia's demand for 50 per cent upfront, but will also remove the cog to the progress of the academically deserving and the underprivileged students and avoid sending capable young people to the street,” he noted.
Kapere said tertiary institutions in the country have become unaffordable to many students from underprivileged homes.
Although there are bursaries, scholarships and loans available, not all deserving students can be meaningfully assisted by these schemes due to strict requirements, he added.
Such requirements make scholarships inaccessible to the academically deserving and the underprivileged students, Kapere said.
He noted that the demand for financial assistance from the National Student Financial Assistance Fund (NSFAF) outweighs what it can support which results in that institution not meeting its goal majorly due to beneficiaries who do not pay back the loans.
'Because of this, other students are deprived the opportunity to benefit from NSFAF.'
(NAMPA)
EK/ND/AS