The Higher Education Students' Loans Board was established by Act No. 9 of 2004, inaugurated by the Hon. Minister for Higher Education, Science and Technology on the 30th March 2005 and became operational in July 2005. The objective of the Board is 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. The Board is also entrusted with the task of collecting due loans from previous loan beneficiaries in order to have a revolving fund in place so as to make the Board sustainable.... Read More
REMINDER NOTICE TO ALL LOAN BENEFICIARIES WHO HAVE NOT STARTED TO REPAY THEIR HIGHER EDUCATION STUDENTS' LOANS
The Higher Education Student' Loans Board (HESLB), hereby notifies all loan beneficiaries who are not servicing their loans and whose names appear on the website of the Board (www.heslb.go.tz) that it is a legal requirement as per section 19 (i) of the HESLB Act. No. 9 of 2004 (as amended), that all loan beneficiaries should submit to the Board or to the Debt Collectors assisting the Board to recover the loans, information which would facilitate repayment of their loans. To this end, Loan Beneficiaries whose names appear in the Board website are hereby reminded to furnish the Board with the necessary information regarding their whereabouts and current employment, within 21 days from the date of this notice, in the following format:
The said Loan defaulters are further notified that after expiry of this notice the following consequences shall fall upon those who will have not communicated or submitted their information to the Board or to the Debt Collectors:-
Loan beneficiaries who are self employed or unemployed are also required to provide such information.
The names, addresses and other details of the Debt Collectors are as follows:
N. B : This notice is not applicable to any Loan Beneficiary who is currently repaying or who has fully repaid his/her loan.
HIGHE EDUCATION STUDENTS' LOANS BOARD