INFORMATION TO THE GENERAL PUBLIC ON HESLGB LEGAL MANDATE TO RECOVER MATURED LOANS

1. Introduction

The higher education students’ Loans and Grants Board (HESLGB) was constituted by the Act Number 2 of Parliament of March 2015 According to Section 4 of the Act, the two mandates in recovery of loans are;

Sec 4 (h) Establish operational links with employers of loan beneficiaries for the purpose of facilitating the recovery of students loans;

Sec 4. (k) Notwithstanding the limitation of the Act, with the assistance of the students’ respective employers or otherwise in accordance with the provision of this

1/13/2022 5:29:00 AM

THE PROVISIONAL APPROVAL OF STUDENT LOANS FOR THE 2022/2023 ACADEMIC YEAR

The Higher Education Students’ Loans and Grants Board (HESLGB) is pleased to announce to all accredited higher education institutions, continuing and newly selected students in the accredited higher education institutions, parents/guardians, and the general public, that the Board, on 7th October 2022, provisionally approved higher education students’ loans for the 2022/2023 loan cycle Year subject to a subsequent vetting and bonding process that will be carried out jointly by the Board and administrators of higher education institutions.

The Board appr

10/11/2022 9:07:17 AM