Opening of Students loan application window

PRESS RELEASE

The Higher Education Students’ Loans and Grants Board has opened a special application window for newly selected students who have been admitted to pursue higher education in government accredited higher learning institutions. The application window was opened on 18th July and will close on 12th August 2022. Newly selected NEEDY students are advised to download the application form from www.heslgb.mw or obtain it from the District Education Managers’ Offices and all accredited public  universities across the country.

A needy student is defined as a student who has no financial assistance from any other source to cover the item or items of cost for which the application is made. Furthermore, in order for an applicant to be able to apply for a loan, they are required to satisfy the eligibility criteria set by the board as follows:

• Only applicants from the list of approved institutions shall be able to apply for a loan
• Must be needy Malawian citizen who have been admitted into a fully accredited/registered Higher Learning Institution (private and public) as a candidate for a higher Diploma and or first degree on full time basis in an accredited program or course.
• Must be a student with six credits in MSCE or its equivalent upon getting admitted to a registered/accredited higher learning institution.
• Must be a continuing student who has passed the examinations necessary to enable him/her to advance to the next year or stage of study and therefore are not mature entry, weekend program, repeating, distant learning, up-grading and general diploma students.
• Must be a person who is not fully funded by other organizations or sources.
• Must not have attended an elite school unless there is evidence demonstrating neediness.
• Must have verifiable conduct and commitment to studies

The Loans Board is mandated by the HESLGB Act to recover the loans including all matured loans from as far back as 1985 when the Students Loan Scheme was started.