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According to the Act, eligible and needy Tanzanian students who secure admission in higher education institutions to pursue academic programmes that lead to attainment of Advanced/Higher Diplomas or Degrees may seek loans from HESLB to meet part of, or all costs of their education.
This stipulation is the legal interpretation of paragraph 6.2 of Higher Education Policy (1999) which ushered in cost – sharing in the provision of higher education in the country.
Cost – sharing in higher education is construed to mean a shift in shouldering at least part of the costs of education from the Government, which
had hitherto been the main financier, to the beneficiaries.
Section 6 (b) of the Act gives powers to the Board “to formulate mechanisms for determining eligible students for issuance of Loans. Section 6 (c) empowers the Board “to administer and supervise the whole process of issuance and repayment of loans”.
On the basis of budget limitation, Section 7 (1) empowers the Board to determine maximum number of eligible students to be given loans in any particular year; while section 7 (h) empowers the Board to determine other criteria and conditions governing the issuance of loans, including rate of interest
and recovery of loans.
On the strength of these legal powers, these Guidelines and Criteria are hereby issued to prospective loan applicants and the public at large to guide the whole process of application and issuance of loans for 2014/2015 academic year.
GUIDELINES AND CRITERIA FOR ISSUANCE OF STUDENTS’ LOANS AND GRANTS FOR THE
2020/2021 ACADEMIC YEAR
The Guidelines and Criteria for Issuance of loans for 2020/2021