- 56,132 ALLOCATED LOANS WORTH TZS 159.7 BIL. IN BATCH ONE – 2023/2024
- Batch Two will be announced next week. TZS 731 Billion set aside for 220,376 undergraduate students in 2023/2024
- Friday, October 20th, 2023
The Higher Education Students’ Loans Board (HESLB) today (Friday, October 20, 2023), has announced the First Batch with 56,132 Bachelor degree students who are allocated loans worth TZS 159.7 billion for the academic year 2023/2024.
HESLB Executive Director, Abdul-Razaq Badru has said that among the allocated students, 32,264 (57%) are male and 23,868 (43%) are female and that from today, each of the students allocated loans can see their respective loan allocation amounts through online Student‘s Individual Personal Account (SIPA) they used during loan application.
“Through SIPA, students can get information about their loan application status,” said Badru in a press conference held at HESLB Office in Dar es Salaam.
Regarding the procedures for disbursement of funds to allocated students, Badru said that, HESLB officers will be in Higher Education Institutions across the country from Monday, October 23rd, 2023 to coordinate the enrollment of allocated students into the payment system.
“For new students, as were advised when applying for loan, they should arrive at the universities or colleges they are admitted to with bank account numbers, available mobile phone numbers and they will be enrolled in our DiDiS (Digital Disbursement Solution) payment system after being registered the higher education institution,” said Badru.
Release of Batch Two
Regarding release of the list of the Batch Two, Badru said that, it will be announced on October 27th, 2023 after the ongoing loan application verification is completed and urged loan applicants to visit their SIPA accounts to get information about their applications.
“This first batch includes eligible needy students who have filled their applications correctly and have confirmed admission in one accredited university or college. We are completing verification of other applications and we will release the list of the second batch on October 27th, 2023,” explained Badru.
TZS 731 Billion has been budgeted for undergraduate students for 2023/2024
Badru added that the government has budgeted TZS 731 billion for loans to 220,376 students, among them, 75,000 students will be undergraduate first years admitted to pursue first degree and more than 145,376 students are continuing students at the same level.
Loans for Diploma and Samia Scholarship
Regarding loans to diploma students that will be issued for the first time in this academic year, Badru said that applications are currently being received online and that the window will be closed on October 22nd, 2023. In addition, applications for ‘Samia Scholarship’ opportunities for students with outstanding performance in science combinations are being received until October 22nd, 2023.
HESLB urges applicants for undergraduate loans, diploma loans and ‘Samia Scholarship’ beneficiaries for 2023/2024 academic year to be calm while verification and allocation of loans to qualified students is on progress.
This information is also available in HESLB social media forums namely; Instagram, Facebook and X (former Twitter) by the name of HESLB Tanzania.