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Historical Background of HESLB Tanzania
Higher Education Students’ Loans Board was established by Act No. 9 of 2004, inaugurated by the Hon. Minister for Higher Education, Science and Technology on the 30th March 2005 and became operational in July 2005. The objective of the Board is 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. The Board is also entrusted with the task of collecting due loans from previous loan beneficiaries in order to have a revolving fund in place so as to make the Board sustainable.Mission
To be a centre of excellence for provision of loans to needy and eligible Tanzanian students of higher learning institutions.
Vision
To put in place a well managed and sustained revolving students’ loan fund to enhance access to higher education needy and eligible Tanzanian students.
Core Values
- team work
- transparency
- accountability
- commitment
- integrity
- equity
ELIGIBILITY
HESLB Act and regulations provide for General Eligibility and Criteria for applicants seeking loans. NEEDY and ELIGIBLE applicants may apply for loans and/or grants to meet part, or all costs of their education.
3.1NEEDY
In addition to general eligibility, additional criteria define NEEDY applicant who should not exceed 30 years of age at the time of application, who may:-
(i)Be an orphan who has lost parents;
(ii)Have disability to be certified by District Medical Officer (DMO),Regional Medical Officer (RMO) or any entity authorised to certify such cases;
(iii)Have parents with disability to be certified by District Medical Officer(DMO), Regional Medical Officer (RMO) or any entity authorised to certify such cases;
(iv)Be
from lower income household and/or marginalized community whose
secondary or diploma education was sponsored by istutitions, required to
provide written and authenticated evidence of such sposnosrships.
3.2GENERAL ELIGIBILITY CRITERIA AS PRONOUNCED BY THE ACT
General Eligibility criteria requires an applicant to meet the following conditions: –
(i)Must be a Tanzanian;
(ii)Must have applied for a loan through the Online Loan Application and Management System (OLAMS);
(iii)Must not have have funding from other sources;
(iv)Must be a continuing student with results/progress to continue with studies.
3.3OTHER ELIGIBILITY CRITERIA
(i)Eligibility for loan shall be granted by order of Neediness and , programs clusters;
(ii)Applicants must have graduated their ACSE and/ other equivalent qualifications within three (3) years, i.e. starting 2015 onwards.
