Over 25,000 students to benefit from first loans disbursements

18Oct 2018
Getrude Mbago
Dar es Salaam
The Guardian
Over 25,000 students to benefit from first loans disbursements

THE Higher Education Students’ Loans Board (HESLB) yesterday released the first batch of 25,532 successful applicants for loans for the 2018/19 academic year.

HESLB director general Abdul-Razaq Badru

They are among 40,285 first-year students who are in line to receive loans from the HESLB for study at various institutions of higher learning in the country.

Addressing reporters in Dar es Salaam yesterday, HESLB director general Abdul-Razaq Badru said a total of 88.36 billion/- has been set aside for the first disbursement.

“This batch consists of 16,085 male and 9,447 female applicants. For academic year 2018/19, the total value of loans for 123,285 new and continuing students will be 427.5bn/-,” Badru explained.

He added that the board has also released loans amounting to 850.35 million/- to Tanzanians studying in overseas countries like Russia, Mozambique, Germany, Cuba, Algeria, and Serbia.

The list of successful applicants in the first batch is available on the HESLB website www.heslb.go.tz, and hard copies will also be sent to higher learning institutions.

“Future lists will be released according to the allocations trend,” Badru said, adding that an allocation exercise for all successful fresh candidates will be done after receiving another admission list from the Tanzania Commission for Universities (TCU).

According to him, the first batch was drawn from a list of 49,000 students who have been admitted to one local university. For those whose admissions are confirmed for more than one institution and qualify for the loan, disbursement of their allocation will wait until they have made a single choice.

He also said that loan repayments trend from former beneficiaries is progressing well, with monthly collections now up to 16bn/- from 2bn/- just three years ago.

Meanwhile, Badru reminded universities to ensure that they submit results of student exams on a timely basis to enable the board to disburse meals, accommodation and tuition fee allocations for continuing students who have passed their exams.

According to the HESLB boss, the disbursement of these payments is purposely done early to avoid inconveniences which normally emerge at the beginning of the academic year.

“The Board urges other applicants to be patient as it finalises the upcoming list of students who will receive loans. We will continue to update the general public through the media and the board’s website,” he said.

Of applicants who have missed out on secure loans, HESLB director of loans disbursement Dr Veronica Nyahende said that most of them failed to show sufficient seriousness in the applications process.

“Some of them submitted their applications without attaching important documents or ensuring that their credentials were checked and verified by required institutions such as the Registration, Insolvency and Trusteeship Agency (RITA), hospitals, and so on,” Dr Nyahende said.

 

 

 

 

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