HESLB Four Days To Complete Loan Application Procedures - MWANAFORUM

HESLB Four Days To Complete Loan Application Procedures

HESLB Four Days To Complete Loan Application Procedures

Our Mission

To manage loans and grants for needy Tanzanian students in higher and tertiary education

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To become a reliable and sustainable higher education revolving fund.

HESLB Four Days To Complete Loan Application Procedures

The Higher Education Student Loans Board (HESLB) has given four days from October 4-7, this year to 2,982 students who applied for loans in 2021/2022 to make adjustments to complete their application procedures.

For detailed information on the adjustment, applicants have been advised to visit their SIPA-Student’s Individual Permanent Account (SIPA) account.

Speaking in an exclusive interview with the Tanzania Broadcasting Corporation (TBC), HESLB Director of Planning and Credit, Dr. Veronica Nyahende said once the reform process is completed, HESLB will start allocating loans to needy students.

“In the application review we have identified 2,982 applicants whose forms are defective. We have given four days, and after the process is completed we will begin the process of arranging loans for qualified and needy students “, said Dr. Nyahende.

According to Dr. Applicants will also be required to visit SIPA accounts to obtain credit information to be allocated by HESLB later this month.

As of September 30, this year, HESLB had received 88,688 applications and among those applications; 85,706 were complete and 2,982 needed to be amended.

Dr. Nyahende added that the Government is fully committed to ensuring that student loan funds are repaid before tertiary institutions start opening from October 25 this year.

In the academic year 2021/2022, the Government has allocated TZS 570 Billion for the loan budget of 162,000 higher education students including 62,000 first year students and 98,000 continuing studies.

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