HESLB: New Proposed System To Provide Loan For University Students

The Parliamentary Standing Committee on Social Development, has advised the Government through the Higher Education Loan Board (HESLB) to put student funds directly into their personal accounts to avoid emerging challenges.

Reading the Committee's speech to the Ministry of Education, Science, Technology and Technical, the parliament, April 29,2019 Vice Chairman of the committee, Juma Nkamia said the students have been getting too late to get funding for various challenges facing their colleges and some banks in the country.
He said because of some colleges that have a mortgage debt bank, student funds have been prevented and thus have a difficult situation for students.
 Nkamia, who is also a parliament member (MP's) of Chemba, (CCM) said the committee has advised the government to improve the interests of the lecturers and university staff, especially the housing allowance to avoid harmful impacts.

Good News: Higher Education Students’ Loans Board (HESLB) to Provide 450bn/- to 128,285 Students 2019
Tabling the 2019/20 ministerial budget estimates, the Minister for Education, Science and Technology, Prof Joyce Ndalichako said as follow:
During the year, the Higher Education Students’ Loans Board (HESLB) plans to disburse 450bn/- to 128,285 students, an increase of five percent from 2018/19 levels.
The number of benefitting students will be increased by 4.5 percent from fiscal 2018/19 where 45,485 will be first year students, recording a 1.3 percent rise from last year’s record of 41,234 newcomers.