37,731 STUDENTS RECEIVED TZS 99.9 BILL LOAN IN FIRST PHASE
Sunday, October 17, 2021
The Higher Education Student Loans Board (HESLB) has announced today (Sunday, October 17, 2021) a list of First Phase with 37,731 first-year students scheduled for loans worth TZS 99.9 billion for the expected 2021/2022 academic year starting next week. The target is 70,000 NEW students for the year 2021/2022.
HESLB CEO Mr. Abdul-Razaq Badru said that out of those students (37,731), men are 23,379 equivalent to 62 percent and women are 14,352 equivalent to 38 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 that the students who are assigned find the money in the colleges where they will register and receive to fulfill their dreams," said Badru.
Release date of Phase II list (Second List next week)
Regarding the announcement of the Phase II list, Badru said it is scheduled to be released on Thursday, October 21, 2021 after completing the ongoing application analysis and urging loan applicants to visit their SIPA accounts to get information about their applications.
"This first list includes qualified students including those who are in need, have applied correctly and are eligible for one college.
TZS 570 Billion has been allocated for higher education loans 2021/2022
According to Badru, the Government has allocated TZS 570 billion for a total of 160,000 student loans. Among them, 70,000 students will be new beneficiaries and more than 90,000 students will be continuing their studies after passing their annual examinations.
Money has begun to be sent to colleges. Meanwhile, Badru said HESLB has already received funding for student payments and payment procedures have begun so that the funds can be received from colleges from Tuesday, October 19, 2021.
In addition, the Board would like to urge loan applicants to remain calm as the credit process for qualified students for the next phase continues.
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Finally.
Issued by:
HIGHER EDUCATION STUDENT LOAN BOARDS BOARD
DAR ES SALAAM
Sunday, October 17, 2021
(Source Higher Education Students' Loans Board)
