Update on the Release of HESFB Students’ Loan Scheme Beneficiaries for the AY2022/23
Dear Applicants, We do appreciate your patience in regard to the release of the successful list of applicants to the Students’ Loan Scheme for the AY2022/23, The delay in the release has been occasioned by a technicality in the law which is being addressed.
1. The loan processing and validation exercise was conducted within the stipulated 21 working Days as provided in Section 21(3) of the Higher Education Students’ Financing Act, 2014.
2. Section 5 of the HESF Act, 2014 stipulates that the Board of Directors determines (approves) the number of eligible students to benefit from the scheme.
3. The term of office of the previous Board expired in April 2022 and the process to have other Board members appointed is currently being concluded.
4. While we are aware that this delay may cause some disruptions in applicant’s course of studies, the list of successful applicants will be released immediately this process is concluded.