Investigating Financing And Affordability Of Higher Education At University Of Namibia

BSTRACT

This thesis aimed at investigating the financing and affordability of higher education in Namibia. It will specifically look at how education is financed in Namibia and whether its affordability to those that provides students with funds to pay for all costs of studying.

The study is guided by research objectives and used secondary data to compare similar works that were carried out by other researchers on financing and affordability of higher education. A quantitative approach was used in the study, with a Yamane (1967) sampling technique, used to draw a sample from the population and data was collected using a survey Questionnaire. Descriptive analysis was used to analyse and present the data using tables, graphs and pie charts.

The study found out that while it is understood to be difficult for students to acquire source of funding, most of students studying at the University of Namibia are funded either through: loans from government student fund scheme (NSFAF), bursaries from private institutions, and parents or own funds. With all the above mentioned sources of funding, this on its own displays another picture about unaffordable education in Namibia.

The study looked at affordability of education from different angles. Therefore it concluded that higher education is affordable in Namibia since study loans are readily available, and students have access to funds from parents and sponsors