The Higher Education Student Loan Board (HELB) yesterday released 37,731 names as the first batch of first year university and college students to receive a total loan of Rs 99.9 billion for 2021/2022. The academic year, which begins next week.
HELB Managing Director Charles Ringera said 23,379 of the beneficiaries are males and 14,352 are females.
He said that the board has started disbursement of funds through the respective institutions ready for bank deposits for the respective students, later advising the beneficiaries to check with the institutions and see if the deposits have actually been affected.
He said, “The students should then get complete information from the accounts they used while applying for the loan, known as Student’s Personal Permanent Account (SIPA), and register their One should prepare himself to travel to colleges.”
Ringera clarified that the government has already provided funds to the board and the board has started transferring funds to the universities concerned.
“We are determined to ensure that students will get money when they report for their studies,” he said.
According to Ringera, the names of the second batch of beneficiaries will be announced this Thursday (October 21) after the completion of the ongoing review of applications, and asked applicants to keep checking their universities for now.