HESLB Online Loan Application For Diploma Students 2014-15 Tanzania : OLAS Higher Education Students’ Loans Board

Name of the Organization : Higher Education Students’ Loans Board
Type of Facility : Online Loan Application For Diploma Students 2014-15
Location : Dar Es Salaam
Country : Tanzania
Website : http://www.heslb.go.tz/

HESLB Online Loan Application

1 :As part of implementation of the National Higher Education Policy of 1999, the Higher Education Students’ Loans Board (HESLB) was established under Act No. 9 of 2004 and commenced operations in July, 2005.

Related / Similar Facility : HESLB View Loan Allocation Result

Among other things, the Board has been entrusted by the Government with the responsibility of issuing loans to students pursuing Higher Diplomas, and degree studies at accredited higher education institutions in and outside the Country and to collect repayment for all loans issued to students since 1994, so as to make the scheme successful and sustainable.

2 :According to the Act, eligible Tanzanian students who secure admission at the University of Dodoma to pursue among others, including academic programmes that lead to attainment of Diploma in Science/Mathematics with Education or Diploma in Primary Education (Science/Mathematics) may seek loans from HESLB to meet part of, or all costs of their education. For the year 2014/2015, the Government has made a decision to provide support on loan basis to students who will be admitted to pursue Diploma in Science/Mathematics with Education and Diploma in Primary Education (Science/Mathematics).

3 :On the strength of these legal powers, these Guidelines and Criteria are hereby issued to prospective students of Diploma in Science/Mathematics with Education and Diploma in Primary Education (Science/Mathematics) who will be admitted under special programme at the University of Dodoma and intend to apply for loans and the public at large to guide the whole process of application and issuance of loans to those students who will be admitted to pursue Diplomas in Science/Mathematics with Education or Diploma in Primary Education (Science/Mathematics) for 2014/2015 academic year.

Issuance Of Diploma Students’ Loans

Provision Of Loans To Diploma In Science/Mathematics Teachers :
Provision of loans to Diploma in Science/Mathematics with Education or Diploma in Primary Education (Science/Mathematics) is the Government decision to overcome the shortage of Science/Mathematics Teachers in both Primary and Secondary Schools.

1. Subject to the provisions of the Act, the Board will issue loans to students who have applied for such assistance to meet all or any number of the students’ costs of Diploma in Science/Mathematics with Education or Diploma in Primary Education (Science/Mathematics) studies at the University of Dodoma under special Programme.

2. In view of this special programme which is for a specific period to address the shortage of Science/Mathematics Teachers, Loans will be issued to cover the following items :
i. Tuition Fees
ii. Meals and Accommodation charges
iii. Field Practical Training expenses for final year only

Eligibility For Loans

For Diploma in Science/Mathematics with Education or Diploma in Primary Education (Science/Mathematics) students who are eligible for loans in n2014/2015 academic year must meet the following conditions :-
1. Must be Tanzanian
2. Must have applied for a loan through the Online Loan Application System (OLAS).
3. Must have been admitted at the University of Dodoma under special programme to pursue Diploma in Science/Mathematics with Education or Diploma in Primary Education (Science/Mathematics).
4. Must have completed form four or NTA Level 4 between 2009 and 2013.
5. Must have passed at division I, II or III in their form four National Examinations or attained not less than a C in their NTA Level 4 for Science related Programmes.
6. Must be, not more than thirty five (35) years of age at the time of application for loans.
7. Must be a person who is not fully funded by any other organization or sources.
8. Must be willing to sign a bond to serve as a Science/Mathematics Teachers within the Country for a period of not less than five years.

Loan Items And Amount/Rate To Be Financed :
According to the Act, the Board will provide loans to cover items stipulated above at a tune of 100% as stipulated below.

Number of Students to be given Loans

** In view of limited loanable funds budget and pursuant to section 7 paragraphs (1) of Act No 9 of 2004 (as amended), the Board in 2014/2015 academic year shall issue loans to students admitted into Diplomas in Science/Mathematics with Education or Diploma in Primary Education (Science/Mathematics) applicants under special programme at the University of Dodoma.
** Candidates, who are able to meet costs for Diploma in Science/Mathematics with Education or Diploma in Primary Education (Science/Mathematics) at the University of Dodoma, are strongly advised not to apply for loans from the Board.

Tuition Fee

** The Board may provide tuition fee loans based on a fixed rate set by Public Institution. The ceiling of Tzs 900,000.00 is set for all Diplomas in Science/Mathematics with Education or Diploma in Primary Education (Science/Mathematics) programmes.
** Tuition fee funds shall be paid directly to the University of Dodoma. The University upon confirmation of the existence of the student, the student shall have to acknowledge receipt of the funds by signing on a copy of the payment sheet issued by the Board

Meals and Accommodation :
** The Board may provide loans for Meals and Accommodation at the rate of Tzs 6,000.00 per day while on campus for theoretical instructions in the academic year.
** Funds for Meals and Accommodation shall be paid directly to students through the University. However, students will be required to sign on a payment sheet issued by HESLB.

Field Practical/Teaching Practical Work expenses :
** The Board may provide Teaching Practical (FPT) loans at the rate of Tzs 7,500 per day up to a maximum of 56 days in the final year of studies. The Funds shall be paid directly to the University of Dodoma.
** For all loan items intended for this programme, student borrower shall have to acknowledge receipt of the funds by signing on a copy of the payment sheet issued by the Board. It will be the responsibility of the University of Dodoma to obtain all the signatures of the students on the Tuition Payment sheet and submit the same to the Board within Forty (40) days after receipt of the funds.
** For those students who will not acknowledge receiving of funds for tuition fee, Meals and Accommodation, and Field Practical/Teaching Practical by signing the said payment sheets, the Board shall treat their amounts as unpaid and the University shall upon submission of the returns also submit a cheque with an equivalent of the unpaid amount.

Other Conditions On Issuance Of Loans

Loan Value Retention fee :
** For the purpose of retaining the value of loans issued as well as making the loan scheme sustainable, all loans issued shall bear Loan Value retention fee equal to 6% (six) percent, per annum.
** List of Candidates admitted into Diploma in Science/Mathematics at the University of Dodoma (UDOM) : To ensure compliance and enforcement of quality issues of the Diplomas in Science/Mathematics with Education or Diploma in Primary Education (Science/Mathematics), only candidates in the official admission lists approved by NACTE shall be considered for loans.

Mode of Application

The Board has since 2011/2012 academic year introduced an Online Loan Application System (OLAS) with the aim of simplifying and increasing efficiency of the loan issuance process.

Candidates wishing to apply for loans for the 2014/2015 application cycle are advised to apply through Diploma Link in the OLAS; print out the application form and Loan Agreement, appropriately sign the same, attach the necessary documentations and submit to the Board through EMS
or
Registered Mail To :
The Executive Director,
Higher Education Students’ Loans Board,
Plot No. 8 Block No. 46, Sam Nujoma Road, Mwenge Area,
P.O. Box 76068,
Dar Es Salaam.

Note :
** Applicants are advised to maintain a copy of the application form and the receipt of mailing the application for subsequent tracking purpose of the application form.
** Eligible candidates are advised to visit HESLB website to familiarize themselves with OLAS before attempting to apply.

Loan Application Fees :
First time applicants must pay non-refundable one-off application fee of Tzs 30,000.00 through M-Pesa (The instructions are stipulated in the HESLB website)

Application Deadline

Loan Application cycle for 2014/2015 academic year will start on 1st August, 2014 and come to end on 10th September, 2014. Application lodged beyond this date shall not be honoured.

Publication Of Successful Candidates :
A list of Candidates and awarded loans shall be posted on the Board’s website www.heslb.go.tz

Help Desk Support : +255 22 5507910

Download Notification : https://www.statusin.org/uploads/4378…_2014_2015.pdf