HESLB First Batch Loan Beneficiaries(Majina Ya Mkopo Awamu Ya Kwanza) 2023/2024. The Higher Education Student Loans Board (HESLB) today announced the First Phase of 56,132 Bachelor’s degree students who were assigned loans worth TZS 159.7 billion for the academic year 2023/2024 starting next week.
HESLB First Batch Loan Beneficiaries(Majina Ya Mkopo Awamu Ya Kwanza) 2023/2024
The Executive Director of HESLB Abdul-Razaq Badru has said that among the students, 32,264 (57%) are male and 23,868 (43%) are female and that starting today, the students can see the loan rates assigned to them.
“Those SIPA (Student’s Individual Permanent Account) accounts that they used to apply for a loan and is the most important part of getting information about a loan application for any loan applicant,” said Badru in a press conference in Dar es Salaam.
Regarding the procedure for receiving the funds, Badru has said that HESLB officials will be in higher education institutions in the country from Monday, October 23, 2023 to coordinate the registration of the students in the payment system.
“For new students, they should arrive at the college with their bank account numbers, their available phone numbers and they will be registered in our DiDiS (Digital Disbursement Solution) payment system after being registered with the college,” he said.
HESLB Second Batch Loan
Regarding the announcement of the list of the Second Phase, Director Badru has said that it will be released before October 27, 2023 after the ongoing analysis of applications has been completed and urged loan applicants to visit their SIPA accounts for information on their applications.
TZS 731 Billion has been allocated for undergraduate students for 2023/2024
Badru has said that the government has allocated TZS 731 billion for 220,376 students, among them, 75,000 students will be the beneficiaries of the first year of the first degree and more than 145,376 students are continuing their studies after passing their exams.
DISCLAIMER statement
And the President of TAHLISO Maria John Thomas said: “We thank the Honorable President, Dr. Samia Suluhu Hassan for listening to us and empowering us… on February 11, 2023 we asked for the subsistence allowance to be increased, now it has been increased to TZS 10,000 per day… we asked our middle school colleagues to be given loans, and they have started to be given loans.”
