The list of eligible students who have been given loans for the academic year 2024–2025 is being released by the Higher Education Student Loans Board (HESLB) this Saturday, September 28, 2024. initial-year students enrolled in the School of Law in Practice, the Master’s Degree, and undergraduate credits are included in this initial phase.
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Through SIPA, students can access information.
According to Dr. Bill Kiwia, Executive Director of HESLB, all students who filed for loans for the year 2024–2025 can obtain comprehensive information on their loans via the Student’s Individual Permanent Account, or “SIPA,” accounts they used to apply for loans.
“We have begun disbursing loan information to all groups today; some have already been assigned loans, while others are still completing their applications.
You don’t need to visit the HESLB offices to obtain your information; all applicants receive it on the same account they used to apply for the loan,” Dr. Kiwia stated. She also mentioned that loan planning is still going on for diploma and PhD candidates.
According to Dr. Kiwia, HESLB has begun processing loan payments for both new and current recipients, with the goal being to guarantee that money reaches the universities on schedule.
245,799 will profit from loans between 2024 and 2025.
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“This year, the Government has allocated TZS 787 billion for a total of 245,799 students, including more than 88,000 first-year students allocated TZS 284.8 billion,” stated Dr. Kiwia further mentioned that compared to the 2023–2024 budget, which was TZS 749.4 billion, the budget for 2024–2025 has increased by TZS 38 billion, or 5.1%. Additionally, for the current year 2023/2024, the minimum loan amount for an individual beneficiary has raised from TZS 2.7 million [ME1] to TZS 3.0 million.
