Loans

Following the adoption of the National Higher Education Policy of 1999, by the Government, the Higher Education Students’ Loans Board (HESLB) was established under Act No. 9 of 2004 and commenced operations in July, 2005. Among other things, the Board has been entrusted by the Government with the responsibility to disseminate loans to students pursuing Advanced Diplomas and degree studies at accredited higher education institutions in and outside the country and to collect repayment for all loans issued to students since 1994, so as to make the scheme successful and sustainable

According to the Act, eligible and needy Tanzanian students who secure admission in higher education institutions to pursue academic programmes that lead to the attainment of Advanced Diplomas or Degrees, may seek loans from the Higher Education Students’ Loan Board (HESLB) to meet part of, or all, costs of their education. However, students should note that loans could also be obtained from banks, and other financial institutions based on procedures and criteria prescribed by such banks or financial institutions.