The Higher Education Student Loans Board (HESLB) has announced the Phase One list with 47,305 first-year students scheduled for loans worth TZS 150.03 billion for the 2020/2021 academic year which is expected to start next week.
Announcing the list today (Wednesday, November 11, 2020) in Dar es Salaam, HESLB CEO Mr. Abdul-Razaq Badru said that out of those students (47,305), men are 26,964 or 57.37 percent and women are 20,341, or 42.63 percent.
Badru added that HESLB has started sending student loans to various colleges and asked students to get detailed information in the accounts they used to apply for a popular loan such as SIPA (Student’s Individual Permanent Account) and prepare to go to college for enrollment.
“The government has given us money and we have started sending it to colleges… our goal is to ensure qualified students find the money in colleges where they will register and receive to fulfill their dreams,” said Badru at a meeting held at HESLB offices in Dar es Salaam.
Regarding the announcement of the Phase Two list, Badru said it is scheduled to be released on Saturday, November 14, 2020 after completing the ongoing application analysis and urging loan applicants to visit their SIPA accounts to get information about their applications.
“These first-year students who have been loaned out because they have the qualifications including being needy, have applied correctly and are eligible for one college… we are finalizing the analysis of other applications and will provide a second list in the next two days, Saturday, November 14,” Badru.
In addition, at the meeting, the Executive Director said that 44,629 students with loans continuing their studies in various colleges in the country have been allocated loans worth TZS 155.06 billion.
“These 44,629 students have been offered loans after HESLB received the results of the examination confirming that the student has passed the course in the first year,” said Mr. Badru and clarified HESLB continues to receive the results of students who grew up with loans in the previous academic year and will be allocated loans.
At the meeting, Mr. Badru explained that the Government has allocated TZS 464 Billion for 145,000 student loans, of which 54,000 students will be first year students and TZS 91,000 are students with loans and continuing their studies after passing their annual examinations.