Wise Media: BREAKING NEWS: HESLB ANNOUNCE TO STOP A PLAN OF PROVIDING LOANS FOR DIPLOMA STUDENTS

The Higher Education Student Loan Board (HESLB) wishes to inform the public that it has terminated a mortgage program for students studying diploma from the year 2018/2019 as announced earlier.

It will be remembered that on 10 May this year, HESLB issued a credit management guide for the year 2018/2019. The guide, as well as other factors, states that HESLB will begin to lend to diploma students and to be a guide on how to apply for a student diploma loan later.

This step has been taken to ensure that the total amount of TZS 427.5 billion allocated for students’ loans in 2018/2019 is directed to current credit students and new applicants who have the qualifications for joining the degree of degree that are the principal targeted.

Therefore, we call upon all qualified qualifiers to join degree education at higher education institutions and who are lending the credit to ensure that they carefully read the credit guidance and focus on it.
For figures of 2017/2018, approximately 10,027 applications for loans submitted by the Credit Board had deficiencies such as signature, non-active ingredients, etc.
HESLB was established in terms of law in 2004 and started a formal job in July 2005 to provide loans to needy students and also to collect loans from beneficiaries.

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Abdul-Razaq Badruexecutive directorHigher Education Student Loan BoardDAR ES SALAAMSunday, June 3, 2018