Dar es Salaam. The Higher
Education Students Loan
Board (HESLB) plans to
spend Sh325 billion in loan
disbursement to students
in the 2013/14 academic
year.
About 62,000 students,
32,000 new ones, and over
are expected to benefit,
according to the assistant
director of Information,
Education and
Communication with
HESLB, Mr Cosmas
Mwaisobwa.
He clarified that for the
academic year, the board
received about Sh306
billion from the
government and had to
add Sh19 billion from its
coffers to meet loan
demands for 31, 647 new
and 62, 376 continuing
students.
The process of getting
loans is going well because
up to now its
accomplishment is 90 per
cent.
The expectation is to
accomplish this process by
100 per cent by the second
week of October when the
higher learning
institutions will be
opening, according to a
statement by the Tanzania
Commission for
Universities (TCU), Mr
Mwaisobwa told reporters.
Since its establishment in
1994 to June, 2013, HESLB
has disbursed loans worth
Sh1.5trillion. Only about
Sh35 billion has been
recovered out of Sh57
billion that is due.
The rest Sh1.2trillion is not
up for recovery yet
because the beneficiaries
were either still on studies
or still enjoying the one
year-grace period.
source: gazeti la The Citizens
NAWASILISHA
Education Students Loan
Board (HESLB) plans to
spend Sh325 billion in loan
disbursement to students
in the 2013/14 academic
year.
About 62,000 students,
32,000 new ones, and over
are expected to benefit,
according to the assistant
director of Information,
Education and
Communication with
HESLB, Mr Cosmas
Mwaisobwa.
He clarified that for the
academic year, the board
received about Sh306
billion from the
government and had to
add Sh19 billion from its
coffers to meet loan
demands for 31, 647 new
and 62, 376 continuing
students.
The process of getting
loans is going well because
up to now its
accomplishment is 90 per
cent.
The expectation is to
accomplish this process by
100 per cent by the second
week of October when the
higher learning
institutions will be
opening, according to a
statement by the Tanzania
Commission for
Universities (TCU), Mr
Mwaisobwa told reporters.
Since its establishment in
1994 to June, 2013, HESLB
has disbursed loans worth
Sh1.5trillion. Only about
Sh35 billion has been
recovered out of Sh57
billion that is due.
The rest Sh1.2trillion is not
up for recovery yet
because the beneficiaries
were either still on studies
or still enjoying the one
year-grace period.
source: gazeti la The Citizens
NAWASILISHA
