In Summary
The process of getting loans is going well because up to now its accomplishment is 90 per cent.
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: THE CITIZEN
SOURCE: THE CITIZEN
