More students get HESLB loans totalling 9.6 billion/-

06Dec 2017
The Guardian Reporter
The Guardian
More students get HESLB loans totalling 9.6 billion/-

THE Higher Education Students' Loans Board (HESLB) has announced a new list of 2,679 out of 4,200 students who have been given loans worth a total of 9.6 billion/- after they successfully won their appeals.

HESLB director general Abdul-Razaq Badru

HESLB director general Abdul-Razaq Badru said yesterday the list includes 1,847 first year students who will receive a total of 6.84bn/-, and 832 second to fourth year students who will receive 2.75bn/-.

The new development takes the number of the first year students who qualify for HESLB loans to 33,200 countrywide. They will receive a total of 108bn/- out of 427.54bn/- set aside for 122,623 students.

“The names of the successful candidates are available on our website,” Badru said.

The HESLB boss added that the board has also started transferring student loans which were sent to the wrong colleges. This totals 1.78bn/- covering 590 first year students.

On loans meant for university lecturers, Badru said a total of 444.4m/- has been allocated to 45 masters degree and PhD students employed at various universities around the country for the 2017/18 academic year.

“These loans are offered to academicians in an effort to build the capacities of certain universities which have special agreements with the board and the universities,” he explained.

The loans are issued to enable higher education institutions to properly fulfil requirements set by the regulator, Tanzania Commission for Universities (TCU).

The HESLB appeals window was open between November 13 and 19 for students who weren’t satisfied with their loan allocations or who didn’t get any loans at all for the academic year 2017/18.

Among the requirements needed for orphans applying for loans were their parents’ death certificates issued by the Registration, Insolvency & Trusteeship Agency (RITA), while applicants with disabilities were required to provide letters of proof from their regional or district medical officers.

Applicants from poor families were required to produce certified letters showing that they were financed for their secondary education before joining higher learning institutions.

Furthermore, beneficiaries were required to be below 30 years of age, and with confirmed admission to an accredited higher education institution.

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