Application Link for Tanzania Higher Education Student Loan Board Application 2023/2024
Tanzania Higher Education Student Loan – Applications are hereby invited from young Tanzanians who wish to apply for the 2023/2024 Tanzania Higher Education Student Loan. All interested students should submit their application forms now via the HESLB loan application website now before the closing date for this academic year. Learn more about the loan application below.
Read also: Higher Education Students Loans Application Form
Eligibility Criteria
Only candidates who meet these criteria are eligible to apply for the loan;
- Applicant should be a Tanzania citizen not older than 35 years at the time of
application - Applicant should gain Full-time admission into an accredited higher education institution in Tanzania including the Open University of Tanzania
- A complete and correct application through the Online Loan Application and Management System (OLAMS);
- Must not have a formal or regular income from employment or established contract in either the public or private sector;
- Proof to have repaid at least 25% of any previous loan received from HESLB. This is applicable only to students who ever dropped or
discontinued from studies - Must have completed ACSEE or other equivalent qualifications within five (5) years, i.e. from 2019-2023 inclusive.
Ranking and awarding considerations
The following parameters will be used to determine weights for individual applicants;
- National priority programs as detailed in program impact clustering under Section 4 of these Guidelines;
- Academic performance based on entry qualification award (academic merit); and
- Affirmative and inclusion parameters to respond to sex, geopolitics, and union-related ambitions.
Relevant Documents to Support Application
The following are the key documents to support the application;
- Death certificate to prove orphanage (RITA or ZCSRA);
- Self-Disability Form (SDF-1) endorsed by the District Medical Officer (DMO) Regional Medical Officer (RMO) or any designated medical expert with recognized affiliations;
- Parent Disability Form (PDF-2) endorsed by the District Medical Officer (DMO) or Regional Medical Officer (RMO) or any designated medical
expert with recognized affiliations; - Corporate Sponsorship Form (SCSF-3) supporting financial assistance received by the applicant during pre-university/college schooling. SCSF3 to be endorsed by the applicant’s corporate sponsor;
- Household vulnerability evidence endorsed by approved District Social Welfare Officer;
- Retirement letter endorsed by the last employer recognized by the National Pension Scheme;
- Social Support Beneficiary’s number from Tanzania Social Action Fund (TASAF).
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Student beneficiaries:
- To submit the necessary information to Loan Officer (Registration number and bank details)
- To sign payments sent to his / her college within the stipulated time
- To inform the Loan Officer in advance, if there is any problem related to their loans
- Visit the HESLB website for more information on Higher Education Loans
Guarantors:
- To attest to the correctness and authenticity of the applicant’s information
- To remind the applicant of their responsibilities
Tanzania Higher Education Student Loan Coverage
Successful applicants will be financed a maximum amount equivalent to established neediness. The established maximum lump sum will be distributed in the loan items as per the following sequence; Meals and Accommodation
(MA), Tuition Fee (TF), Books and Stationery Expenses (BS), Special Faculty Requirements (SFR), Research Expenses (RES), and finally Field Practical Training (FPT)
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How to Apply for Tanzania Higher Education Student Loan
To submit your application form now, visit the Online Loan Application Management System (OLAMS) here. Applicants are REQUIRED to use the same Form Four Index Number used while applying for admission.
Upon completion of the online loan application process, the applicant SHOULD print out the application form and Loan Agreement. Thereafter, obtain appropriate authentications, sign the forms, and attach necessary documents. After obtaining authentications, signing the form, and attaching the necessary documents, the applicant will be required to upload the necessary attachments and signed pages (numbers 2 and 5) of the application form into OLAMS.
Download the loan application guideline here
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Loan Repayment
Upon completion of higher education studies, a loan beneficiary shall be required to repay his/her loan in full or through monthly deductions of not less than 15% of basic salary/income or a sum not less than TZS 100,000.00 a month for beneficiaries in full the informal sector. In case of termination of studies, the total amount received shall be repaid in full. All loans shall be subject to a one-time 1% administration fee on principal
amount.
HESLB Login
To login to your HESLB dashboard, visit the Higher Education Student Loan Board website, click on your loan option, and proceed to enter your login details.
Application Deadline for Tanzania Higher Education Student Loan 2023
The deadline to apply is 15th October 2023.
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