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Students loan scheme application deadline extended

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EDUCATION NEWS UGANDA | Learners interested in acquiring the government students loan scheme can now apply upto August 31st after the extension of the application deadline by the Higher Education Students Financing board (HESFB) from July 31st.

“The Higher Education Students Financing Board (HESFB) informs the general public that Applications to the Student Loan Scheme for the AY 2020/21 have been extended from July 31st, 2020 to August 31st, 2020,” the HESFB Excecutive Director, CPA Michael Wanyama said.

This will also ensure that all the students joining Universities and Other Tertiary Institutions who are admitted late are catered for, he added

The HESFB Board provides loans and scholarships to Ugandan students who qualify for higher education in recognized institutions of higher learning but are unable to support themselves financially.

The loan covers tuition fees, functional fees,research fees and aids and appliances for Persons With Disabilities (PWDs).

Apparently the Uganda Vice Chancellors Forum wants the government to revise the student loan scheme to cater for all learners including continuing students.

The Vice Chancellors say parents are likely to face difficulties paying tuition when universities reopen.

Appearing before the National Economy Committee of Parliament recently, the Executive Director of the Vice Chancellors Forum, Professor Paul Mugambi noted that some Universities could close while others will not pay salaries for their lecturers.

The Parliamentary committee was scrutinizing the effects of COVID-19 on local businesses including education sector, one of the most hit industries.

Mugambi proposed that the government should consider revising the student loan scheme and make it accessible to all students.

He adds that Kenya and Tanzania have liberalized the student loan scheme such that it is available for every student.

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