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 appreciates the continued commitment of His Excellency the President, Dr. Lazarus McCarthy Chakwera, and the Government in ensuring that the Board continues to get support towards bridging the gap between the poor and the rich in accessing higher education in Malawi. 2 Furthermore, the Board would like to express its gratitude to Press Trust for complementing the government efforts by supporting the Board with MK62, 450,000 earmarked for 83 needy and deserving students who are con in their 3 rd year of study in various public universities.
HESLGB received a total of 23,591 (15,555 Male, 8036 Female) loan applications from students in both public and private higher education institutions across Malawi. The number of applicants represents a 7.2 percent increase from the 2021/2022 loan applications. Upon rigorous assessment of the loan applications, 22,423 (14,887 Male and 7,536 Female) applicants met the eligibility criteria. This represents 95 percent of the loan applicants and a 7.3 percent increase from the number of students that were given student loans in the 2021/2022 academic year.
Names of all provisionally approved beneficiaries can be accessed from 12th October 2022 through the offices of Registrars or Deans of Students in the respective higher education institutions and on this website by clicking the below links. College Administrators are encouraged to paste on the notice boards in their respective universities/colleges the provisionally approved list for the students and the public to access.
Click here to download the full Press Release.
The Board would like to make a special appeal to all its stakeholders and the general public to provide feedback on the provisionally approved names directly to the Board or through the offices of Registrars or Dean of Students of each respective higher education institution, in case some individual 5 students are on the provisionally approved list but are not needy. This information will help the effective targeting of really needy and deserving students and reduce errors of inclusion.