LOAN ALLOCATION FROM HESLB

 

Higher education Students loan board(HESLB) work by ensuring students who have qualified to join higher level of education with eligibility of getting loan acquire loan.

The board announced to all qualified students to apply for loan since July and september 30 was a deadline for application, and now board work on the application sent to them and on 24 october 2022 first batch of loan allocation will be released.

HOW TO CHECK YOUR ALLOCATION STATUS

• Visit OLAS.HESLB.GO.TZ
• A new tab will open
• Enter your login detail which used during loan application.
• Include your form four index number
• Enter your password.
• Enter a login security code/text displayed below
• Then your application status will appear if verified for loan, will be written on your account.

VIEW HERE YOUR ALLOCATION STUTUS

Publication of the list of Successful Loan Applicants
A list of successful loan applicants with their corresponding allocations shall be published through the Student’s Individual Permanent Account (SIPA) used during application or on HESLB website: www.heslb.go.tz after Batch Approval.

APPEAL AGAINST AWARDED LOAN AMOUNT
Applicants who will not be satisfied with the allocations may appeal by completing relevant Online Appeal Forms, (details to be provided later). Allocation of successful appeals will depend on availability of funds.

MEANS OF TESTING, LOAN ITEM AND AMOUNT TO BE ALLOCATED

HESLB may provide loans to cover all or some of the following items: -

(i) Meals and Accommodation (MA);

(ii) Tuition Fee (TF);

(iii) Books and Stationery Expenses (BS);

(iv) Special Faculty Requirements (SFR);

(v) Research Expenses (RES); and

(vi) Field Practical Training (FPT).

means testing system
Means Testing (MT) will be used to determine applicants’ neediness for loan allocation. School Fees paid in CSEE, ACSEE and/or equivalent qualifications including diplomas is one of the factors considered to establish an individual’s ability to contribute to the costs of higher education. Other factors that are taken into consideration are orphaned, applicant’s or parent’s disability, previous education sponsorship and household economic status.

Therefore, neediness shall be measured as a difference between total annual costs to pursue individual programme at respective Higher Education Institution (HEI) and established applicant’s past ability to pay for secondary school or diploma education as an indication of the applicants’ ability to contribute to the costs of higher education.

Allocation of loanable items
Loans to successful applicants will be allocated in sequence starting with Meals and Accommodation (MA); Tuition Fee (TF) Books and Stationery Expenses (BS), Special Faculty Requirements (SFR), Research Expenses (RES) and finally Field Practical Training (FPT) based on the remaining amount from the preceding loan items.

1 Meals and Accommodation

The Board may provide loans for Meals and Accommodation at the rate of TZS 8,500.00 per day while on campus for theoretical instructions in the academic year.

2 Tuition Fee Rates
The Board may provide tuition fee loans to a maximum of TZS 3,100,000.00 per annum based on the comparable rates charged by public institution and also depending on the types of the programme offered by the comparable public institutions. Maximum applicable tuition fees for all successful loan applicants shall be pegged to the equivalent current-HESLB-approved-highest-tuition-fees payable in Public Higher Education Institutions.

3 Books and Stationary expenses
A maximum of TZS 200,000.00 per annum for Books and Stationery may be granted to eligible and needy students.

4 Special Faculty Requirement
Subject to Means Testing results, the Board may provide Special Faculty Requirement (SFR) loans up to 100% but only for study programmes that require special faculty requirement items and only for speci‑ed items as approved by TCU/NACTVET based on the rates comparable to public institutions.

Within the amount allocated for Special Faculty Requirements, eligible and needy students with disability may be provided with loans to cover special academic material requirements as may be determined by the Board.

5 Field Practical Training/Teaching Practical (FPT)
The Board may provide Field Practical Training/Teaching Practical (FPT) loans at the rate of TZS 10,000.00 per day up to a maximum of 56 days in a year. FPT loans shall not be subjected to Means Testing. The Board may provide such loans for those programmes that require Field Practical Training (FPT) as recommended by the respective Higher Education Institutions and approved by the Tanzania Commission for Universities (TCU) and the National Council for Technical and Vocational Education and Training (NACTVET).

6 Research Expenses 

The Board may provide 100% loans for Research expenses in selected ‑elds only, based on the rates applicable at public institutions and as may be endorsed by either TCU or NACTVET. These ‑elds include: -

• Health Sciences

• Engineering

• Agriculture

• Land Sciences

• Other eligible undergraduate programmes may be given Research loans to the tune of TZS 100,000.00 in their ‑nal year of study.

INQUIRES AND COMPLAINTS
Applicants or loan beneficiaries with inquiries or complaints will have to follow procedures displayed in the loan application window’s Help desk