Director of Communication, Information and Education at Higher Education Students’ Loans Board (HESLB), Mr Cosmas Mwaisobwa stresses a point to journalists on successful loan applicants for the Academic year 2013/2014 in Dar es Salaam on Friday. Looking on is the Board’s Director of Loan Allocation and Disbursement, Mr Onesmo Laizer. (Photo by a Correspondent)
HIGHER Education Students’ Loans Board (HESLB) on Friday released names of 29,754 applicants who have qualified for loans in the 2013/2014 academic year.
The Board’s Director of Communication, Information and Education Mr Cosmas Mwaisobwa said in Dar es Salaam on Friday that the number of all successful applicants stood at 94.04 per cent against earlier projection of 31,647 students.
“For the academic year 2013/2014, the government has set aside 306bn/- as loans to students,” Mr Mwaisobwa explained.
He said a total of 29,754 new beneficiaries and 61,692 others continuing with their studies at different stages would be given loans amounting to 325bn/-
“The entire process of loan allocations has already been completed by 90 per cent and by the first week of October, this year everything will be ready,” he stressed.
According to the director, name of applicants who have qualified for the loans in 2013/2014 academic year are available in the Board’s website http://www.heslb. go.tz/.
He said there were 53,239 new applicants, 43,032 applicants with admission, 6,364 applicants whose applications had problems, 3,151 applicants who corrected their problems while 3,213 did not correct their problems.
“Of all the new applicants, 53,239 were local undergraduates, 156 local postgraduates, 51 overseas postgraduates and 184 were overseas undergraduates,” he said.
He added that for those with admissions at hand, 60,577 were local undergraduates, 699 local postgraduates, 118 overseas postgraduates and 298 overseas undergraduates.
Mr Mwaisobwa assured all students who have qualified for the loans that all procedures to transfer the funds to the respective colleges/ universities where they have been admitted were going on well.
“Once again I take this opportunity to remind all successful applicants to have their bank accounts where the loans will be channeled,” he said.
HESLB was established in 2004 and started its operations in 2005 with two main functions of releasing loans for students with admission in higher education and recovering the loans released
since 1994/1995.
since 1994/1995.
