Heslb begins disbursement of student loans

by Udahiliportal

The Higher Education Students’ Loans Board (Heslb) has begun disbursement of the Sh63.7 billion food and accommodation expenses for the third quarter of the 2019/2020 academic year.

In a statement to students issued on Thursday, May 21, the board said that the beneficiaries would have money in their bank accounts through their colleges by May 28, this year.

The initiative follows directive for the opening of higher education institutions by June 1, 2020 issued by President John Magufuli on Thursday.

The president called on among other things that by June 1, all students who are eligible to getting loans should have received their money to avoid further challenges.

Government closed schools and colleges on March 16, 2020 as part of the efforts to combat the spread of novel coronavirus in the country.

According to Heslb, under the existing system, food and accommodation fee are paid to the beneficiaries four times throughout the academic year, (every 60 days of the course that the student is required to attend).

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