Divisions
| Loan Items and Amount/Rate to be Financed |
 |
 |
 |
|
LOAN ITEMS AND AMOUNT/RATE TO BE FINANCED According to the Act, the Board may provide loans to cover either all items or any of the items stipulated under section 2.4. Science students In an attempt to attract more students into science based programmes, beginning 2009/2010 academic year all eligible Needy natural science programmes loan applicants may be provided with 100% loans for all the six loan items as stipulated in section 2.4 . To remove ambiguity on the word “science”, a list of the approved science programmes shall be published by the Board which list may be reviewed in consultation with the Tanzania Commission for Universities (TCU) and the National Council for Technical Education (NACTE). 4.2 Percentage of Loans for Means Tested Items The percentage of financial assistance for the non-science programmes/ courses may differ from one student to another depending on the socio-economic status of a student, parents or guardian, and the maximum loan amount allowable for each loan item. In other words, amount of loan to be awarded to non science students shall depend on Means Testing results as well as the approved upper loan limit for each item. Means Testing results have been reviewed into eleven categories viz; A (100%), B (90%), C (80%), D (70%), E (60%), F (50%), G (40%), H (30%), I (20%), J (10%) and K (0%) for Items being means tested as outlined below. Tuition Fee The Board may provide tuition fee loans of between 10% and 100% based on the comparable rates charged by public and private institutions and also depending on the types of the programme offered by the comparable institutions. The ceiling of Tzs 2.6 million that was imposed on medical related progammes over the past two academic years shall continue to be in force during 2009/2010. Also, no institution will be allowed raise the fee structure during that academic year. Tuition fee funds shall be paid directly to the higher learning institutions but the student borrower shall have to acknowledge receipt of the funds by signing on a copy of the payment list issued by the Board. Field Practical/Teaching Practice Work expenses The Board may provide loans at the rate of Tzs 10,000 per day up to a maximum of 56 days in year, and, depending on Means Testing results, the Board may provide such loans between 10% and 100% for those programmes that require field practical trainings as recommended by the respective Higher Education Institutions and approved by the respective regulatory authority such as NACTE and TCU. Special Faculty Requirements Subject to Means Testing results, the Board may provide special faculty requirement loans of between 10% and 100% but only for study programmes that require special faculty requirement items and only for specified items based on the rates comparable to public institutions. Funds for special faculty requirements shall be paid directly to the Higher Learning Institutions but respective student borrowers shall have to acknowledge receipt of the funds by signing on a copy of the payment list issued by the Board. Within the amount allocated for special Faculty requirements, eligible and needy disabled students may be provided loans to cover special academic material requirements as may be determined by the Board. Percentage of Loans for Items not being Means Tested Notwithstanding the means test grades and loan categories accorded to non- science loan applicants as specified in section 4.2 above, the Board shall provide 100% loans to successful eligible needy students on the following loan items. Meals and Accommodation The Board may provide loans for Meals and Accommodation at the rate of Tzs 5,000 per day of theoretical instruction in the academic year. Books and Stationery expenses A maximum of Tzs 200,000.00 per annum for Books and Stationery may be granted to an eligible and needy student. However, loan beneficiaries from Open University of Tanzania (OUT) may be granted books and stationery loans for 3 to 4 academic years only (depending on the programme of study) and not every year. Research expenses The Board may provide loans of 100% of the Research expenses in selected fields only, based on the rates applicable at public institutions and as may be endorsed by either TCU or NACTE. These fields include:-
|