HESLB: Criteria and Eligibility (Qualifications) to Get Diploma Loan 2024/2025

Welcome to our website darasahuru.co.tz, in this article you will find HESLB: Criteria and Eligibility (Qualifications) to Get Diploma Loan 2024/2025, HESLB Diploma Loan, How to apply HESLB For Diploma Students

The Higher Education Students’ Loans Board (HESLB) is a body corporate established under Act No.9 of 2004 (as amended in 2007, 2014 and 2016) with the objective of assisting needy and eligible Tanzania students to access loans and grants for higher education. 

The main mandates of HESLB include:

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

To collect due loans from loan beneficiaries and use it as revolving fund to sustain operations of the Board

To create synergies through establishing strategic partnerships in student financing ecosystem

HESLB: ELIGIBILITY CRITERIA

In accordance with the HESLB Act, the Board has set general eligibility criteria to be considered in loan applications after securing admission to accredited institutions. 

The applicant must meet the following criteria:

General Criteria

(i) Must be a Tanzanian not older than 35 years at the time of application;

(ii) Must have full-time admission into an accredited institution offering Diploma studies at Diploma level in Tanzania;

(iii) Must have a complete and correct application through the Online Loan Application and Management System (OLAMS);

(iv) Must not have a formal or regular income from employment or established contract in either the public or private sector;

(v) Must have completed CSEE, Certificate, ACSEE, or other equivalent qualifications within five (5) years, i.e. between 2020 -2024 inclusive.

(vi) For continuing Diploma students, he/she must have passed the examination necessary to enable him/her to advance to the following year of study, and the examination results must be submitted to HESLB via the Institution’s Loan Officer or Administration.

Social Economic Status

(i Orphan; an applicant who has lost one or both parents

(ii) Poor households under Tanzania Social Action Fund (TASAF) support or other schemes offering social and financial assistance;

 

(iii Self or parents’ disability

LOANS ALLOCATION

Loan allocation to Diploma students will consider the following:-

(i) Admitted student in priority program as detailed in Section 6.0 of the Loan Application Guideline 2024/2025;

(ii) Social Economic Status as detailed in Section 3.2 of the Diploma Loaan Application guideline.