625 students to benefit from student loan scheme

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At least 625 successful learners will benefit from government students loan scheme in higher education for the financial year 2022/2023.

This was announced by the ministry of Education and Sports through its Higher Education Student’s Financing Board on Tuesday.

This loan scheme was introduced by government  in 2014 to benefit needy students pursuing diploma and degree programmes in higher institutions of learning.

The Minister of State for Higher Education Dr. Chrystom Muyingo today announced This year’s beneficiaries in Kampala.

According to the minister, this year’s number of successful applicants brings to 13,405 the number of students who have benefitted since the scheme started.

He pointed out that there is need for more funding to capitalise the Higher Education Students’ Financing Board while the demand for student loans has certainly surpassed the available resources, a sign that the lower education interventions are working tremendously well.

The minister urged all the  beneficiaries to make efforts and deposit their monthly instalments so that those coming after them can also receive similar support.

Although there was a delay in the release of the loan scheme list for this quarter as the ministry concluded the process of installing a new governance board, the minister applauded the secretariat for the great job done in extending, awareness about the students ‘ loan scheme and automating the processes for loan applications.