SHEFA is the only local financial institution that provides grants to graduate and post-graduate or doctoral studies. We continue to provide timely award disbursements to applicants who meet all the requirements. The SHEFA Office continues to maintain collaboration with both the public and private sector on how to assist recipients with internship referrals and/or job opportunities...
SHEFA was created by Saipan Local Law 13-21 to provide supplemental financial assistance to qualified Saipan & Northern Island residents pursuing a post-secondary education on Saipan or abroad. SHEFA is primarily funded through the appropriation of the local license fees for poker and pachinko machine with additional funding assistance through continuous appropriation from PL 20-10 Casino Gross Revenue Tax.