HESLB: Loan Allocation Items and Amount For Diploma 2024/2025

HESLB: Loan Allocation Items and Amount For Diploma 2024/2025, how to apply loan online, HESLB Diploma loan, Online Application for HESLB 2024/2025

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

LOAN ITEMS AND AMOUNTS TO BE ALLOCATED FOR DIPLOMA

The Board will allocate loan amounts in accordance with the neediness and availability of resources. 

Loans will be allocated for the following items: Meals and Accommodation, tuition Fee, Books and Stationery, Special Faculty Requirements, Research and Field Practical Training. 

HESLB may provide loans to cover all or some of the following items as will be approved:-

1. Meals and Accommodation (MA

Maximum amount will be calculated at TZS. 7,500.00 per day during on campus training as per the respective institution calendar. The allocated amount will be paid directly to the student. 

2. Tuition Fee (TU)

The maximum amount will be calculated at TZS. 1,200,000.00 per annum to be granted to the respective institution as approved by the Board. 

3. Books and Stationery (BS)

The maximum amount will be calculated at TZS. 200,000.00 per annum for Books and Stationery expenses.

4. Special Faculty Requirements (SFR)

The maximum amount will be calculated at TZS. 300,000.00 per annum to be granted and paid directly to the respective institution.

5. Field Practical Training (PT)

The maximum amount will be calculated at TZS. 7,500.00 per day for 56 days in a year for Field Practical Training. The amount will be paid directly to the student.

6. Project Expenses

The maximum amount will be calculated at TZS. 100,000.00 per annum and will be provided for project expenses for selected programs as outlined by the respective institution.