HESFB Suspends Student Loans for Financial Year 2023/2024

Date:

Share post:

The Higher Education Student’s Financing Board (HESFB) has informed the public of the suspension of the student study loan for the academic year 2023-2024 due to financial constraints.

According to Michael O. Wanyama, the Executive Director at HESFB, the board will not receive applications for the study loans for the academic year 2023-2024.

“Due to budgetary shortfalls, the board will not receive applications for stu

dy loans for the academic year 2023-2025,” read part of the statement.

However, according to Wanyama, the board will continue to facilitate in-study loan beneficiaries as they engage stakeholders for resource mobilisation to resume supporting new allies of student loans in the financial year 2024-2025.

HESFB has been operating since 2014 in a bid to increase access to Higher Education and support highly qualified Ugandan students who may not be able to afford it.

The Board has so far supported 13,405 beneficiaries (11,393 Undergraduate Degrees and 2,012 Undergraduate Diplomas) in programmes mainly in Science, Technology, Engineering and Math (STEM), except for Learners with Special Needs who can access study loans to pursue all programmes of their choice, including all Humanities programmes.

Currently, these programmes are offered at 22 Chartered universities, both public and private, and 36 Other Tertiary Institutions (OTIS).

Related articles

Kalungu: Parents Raise Alarm Over Frequent Headteacher Changes in UPE Schools

Parents in Kalungu district are increasingly frustrated with the frequent changing of head teachers in government schools, a...

Kagame, Tshisekedi to Meet Sunday Over Escalating Tensions in Eastern DRC

Congolese President Félix Tshisekedi and Rwandan President Paul Kagame are set to meet for critical talks amid escalating...

NRM Deputy Secretary: Digital Register to Include All Members Nationwide

The National Resistance Movement (NRM) Deputy Secretary General Rose Namayanja Nsereko has emphasised the importance of the ongoing...

Minister Anyakun Calls for Safe Labor Immigration

Esther Davina Anyakun, the Minister of State for Labour, Employment, and Industrial Relations, has rooted for safe labor...