What you need to know:
- For the academic year 2023/24, an amount of Sh731 billion has been set aside for providing loans that are expected to benefit 205,000 students.
Dar es Salaam. The Deputy Minister for Education, Science and Technology, Mr Omary Kipanga has today launched a guide for applying for higher education loans for the academic year 2023/2024.
Speaking on Wednesday July 13, 2023, at the meeting held at the Higher Education Students Loans Board (HESLB) premises here, Mr Kipanga said that the amount of money allocated had increased from Sh654 billion that was issued in the academic year 2022/23.
For the academic year 2023/24, an amount of Sh731 billion has been set aside for providing loans that are expected to benefit 205,000 students.
The guide prepared by HESLB aims to give instructions to applicants and put emphasis on things to be considered.
So, Mr Kipanga said it would not be pleasant to see applicants miss out on loans because they did not follow the instructions given in the guide.
The guide states that the online application window will be open for 90 days from July 15 to October 15 this year.
"The government's mission to enable young Tanzanians to get higher education is seen in action, and that is why these efforts are being undertaken,"
"The issuance of this guide provides an opportunity for students and parents to gain knowledge before starting to apply for loans, as we do not expect mistakes because all the instructions are given in the guide," said Mr Kipanga.
HESLB, according to Mr Kipanga, has officially contacted the headquarters of the National Service, so students will have the opportunity to learn about the correct application of the loans through the launched guide.
"Students continuing with JKT (National Service) training should not be afraid, enough time has been given, and the board has already contacted the national service heads on the same," he said.