HESLB releases 2nd batch of7,364 first year students loans worth19.4bn

23Oct 2021
By Guardian Reporter
Dar es Salaam
The Guardian
HESLB releases 2nd batch of7,364 first year students loans worth19.4bn

HIGHER Education Students Loans Board (HESLB) has announced the second batch of 7,364 first year students who have received loans worth 19.4bn/- for the academic year 2021/22 which is set to begin next week.

HESLB Managing Director Abdul- Razaq Badru.

In a statement yesterday, HESLB Managing Director Abdul- Razaq Badru said the figure now brings the total number of first year students who have received loans to 45,095 worth 119.3bn/-.

Badru said HESLB has started sending the money to higher learning institutions saying students should access the money via Students Individual Permanent Accounts (SIPA) as they prepare to go for studies.

“The government has given the board enough money for students. Our aim is to ensure that all students who are eligible to get loans on timely manner,” he said.

Badru said the third batch of students who will receive the loans is expected to be announced next week on Monday after the completion of an analysis where students are required to get more details about the matter via SIPA.

“The second batch involves eligible students and the needy, but also those who have fully completed filling in the loan application forms that are available,” he said.

At the same time Badru said HESLB has already received the money for the students who have been named in the second batch and will be disbursed into their accounts by the end of the week.

According to Badru, the government has set aside 570bn/- as loans for 160,000 students whereby out of them 70,000 are new beneficiaries and 90,000 are those already in the system after passing their annual examinations.

The board also called upon loan applicants to be patient as the process to arrange the processes are on-going.

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