HESLB LOAN ALLOCATION BATCH 2 WALIOPATA MKOPO HESLB AWAMU 2
The Higher Education Students’ Loans Board (HESLB) is a body corporate established under Act No.9 of 2004 (as amended in 2007, 2014 and 2016) with the objective of assisting needy and eligible Tanzania students to access loans and grants for higher education.
The main mandates of HESLB include:
To assist, on a loan basis, needy students who secure admission in accredited higher learning institutions, but who have no economic power to pay for the costs of their education
To collect due loans from loan beneficiaries and use it as revolving fund to sustain operations of the Board
To create synergies through establishing strategic partnerships in student financing ecosystem
Mission
To provide loans and grants to needy and eligible Tanzanian Students for Higher and Tertiary Education.
Vision
To be a reliable and sustainable revolving fund in financing eligible Tanzanian Students for Higher and Tertiary Education.
HESLB LOAN ALLOCATION | WALIOPATA MKOPO HESLB
Functions Of HESLB
To assume responsibility for the control and management of all loanable funds as vested in the Board.
To formulate the mechanism for determining eligible students for payment of loans.
To administer and supervise the whole process of payment and repayment of loans
To keep the register and other records of students loan beneficiaries under the Board
To advise the Minister on matters of policy and of the law concerning provisions and recovery of loans to students.
To establish operational links between the Board and higher education institutions with student loan beneficiaries for facilitating a smooth, efficient and effective administration of the loan funds
To establish operational links with employers of loan beneficiaries for the purpose of facilitating the recovery of the loans granted.
To establish networking and cooperation links on a mutually beneficial basis with institutions and organizations, be they governmental or non-governmental, local,foreign or international
