Friday, May 6, 2016

State recovers 93bn/- in student loans

DAILYNEWS Reporters in Dodoma

AS of March 31, this year, the government has recovered a total of 93.9bn/- out of 256.2bn/- granted to university students through the Higher Learning Students Board (HESLB). And since its inception in 1994/94 the government has so far issued 2.44trl/- to 378,504 higher learning students.

The remarks were made by the Deputy Minister for Education, Science, Technology and Vocational Training, Eng Stella Manyanya when responding to a basic question from Mr Makame Mashaka Foum (Kijini – CCM).
Mr Mashaka Foum wanted to know the amount of money issued to higher learning students as loans since inception to 2015/16 financial year and how much has been returned by the students and the higher learning institution whose students are leading in receiving more money.
Responding to the question, Eng Manyanya said in 2014/15 the leading university with students receiving more HESLB loans is the University of Dodoma, which also has more students than any other university in the country.
The deputy minister commended all students who have started paying back the HELSB loans, urging those that have not started paying to do so immediately so other students can benefit from the loans.
Eng Manyanya was responding to a supplementary question from the same minister who wanted know the government’s plans to provide reports to students making the repayments on the amount remaining.
She noted that the whole system for recovering the loans had challenges from the beginning, noting that instead of showing that the recipient would be deducted 8 per cent of his or her salary, it showed 8/-

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