Tanzania Universities Student To Be Issued Loan

Higher Education Students' Loan Board (HESLB) announced that it will disburse the sum of 464 billion Tanzania Shillings to about 146,000 universities and other higher institution students in Tanzania in 2020/2021 academic session.

It was reported that the government has been increasing fund allocation to the board since 2014/2015 academic year so that more students will be benefited.

To this end students in the universities and other higher institution of learning in Tanzania has been enjoined to start applying for the loans through the Board’s Online Loan Application System from July 21 to August 31.

Abdul-Razaq Badru, HESLB executive director while commenting on the programme stated that out of the 145,000 student beneficiaries, 54,000 will be for the first year and 91,000 are students continuing with their studies.

He said the 464 billion shillings budget for students’ loans for 2020-2021 academic year was an increase from 450 billion shillings that benefited 132,119 students in the 2019-2020 academic year.

It was of the opinion that goverment want more students to be beneficiaries of the loan to make pursuing their education easy and thereby fulfilling their career objectives.

On May 22, HESLB announced the release of education loans to the tune of 63.7 billion shillings after Tanzania President John Magufuli had announced the reopening of universities.

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