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Government sets shs 6billion for students loan scheme

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The government of Uganda has set Shs6 billion to support 1500 students that will qualify for the new cohort of the loan scheme 2021/2022 academic year and 100 continuing students at least .This was revealed by Micheal Wanyama, the executive director of the Higher Education Students’ Financing Board (HESFB).
Wanyama made announcement to all prospective applicants that the Board is now open for applications for the 8th Cohort of the study loans under the Students’ Loan Scheme from eligible Ugandan students who have been admitted under the listed Undergraduate Diploma and Degree programmes for the Academic Year 2021/22 in the Public Universities, Private Chartered Universities and the listed Other Tertiary Institutions.
For one to apply,he/she should be a Ugandan citizen, admitted to pursue an accredited STEM diploma or undergraduate degree program in higher education institutions approved by the board, have a financial need, and joining university as a first-year student or continuing student.Applicants also need an admission letter from a participating university, a national ID, copies of academic certificates, a birth certificate, and three most recent passport photos.

One has hto present a sketch map of current residence, a recommendation from the former school, LCI chairperson and Town Clerk or sub-county chief.

The loans cover 130 degree programs and 76 undergraduate diploma courses mainly in Science, Technology, Engineering and Math (STEM), which is in line with the requirements of NDP 111 that emphasize science courses that will accelerate economic development in the Country.
These courses are currently tenable at 22 chartered universities (10 public and 12 private chartered universities) and 36 other tertiary institutions (OTIs) in Uganda.

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