The Higher Education Students Loan’s Board (Heslb) has started transferring the loans, which were mistakenly allocated following multiple selection of the students.
“There is a case of 590 students with the loan amounting to Sh1.78 billion, which was allocated to different colleges, so we have started re-transferring the money to their current institutions,” said
Heslb Director General, Mr Abdul-Razaq Badru.
According to him, the board has also issued a total of Sh 441.4 million to 45 lecturers belonging to different higher learning institutions to pursue their PhD studies.
The loan is issued to enable the higher education institutions to perfectly meet the requirements set by the regulator, Tanzania Commission for Universities (TCU).