Tuition Loans
Loan application
In order for an applicant to be able to apply for a loan they need to satisfy the eligibility criteria set by the Board. Only applicants from the list of approved institutions shall be able to apply for a loan.
Who is eligible?
All applicants must meet the following requirements?
- Must be a needy Malawian Admitted into a Generic, Fully Accredited/ Registered Institution (Private and Public) with National ID.
- Must have Six Credits in MSCE or its Equivalent.
- 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.
- Must be a Student not Fully Funded by other Organizations or Sources.
- Must not have Attended an Elite School unless there is Evidence-Demonstrating Neediness.
- Must have Verifiable good Conduct and Commitment to Studies.
- Commitment to Pay Back the Loan.
Supporting documents
All applicants MUST submit their application with the following documents
- Copy of the applicant’s National ID with correct and relevant names or an NRB form with a system-generated sticker
- Copy of the University/College admission letter or an extract of the NCHE’s Press Release bearing the student’s name
- Parents/ Guardian National ID
- Death certificate of parents if applicable
- Deposit slip of MK7,500.00 non-refundable processing fee (CASH).
Loan processing calendar
The Board runs a seven-stage process to receive and scrutinize loan applications and disburse the loans:
Stage | Core Activity | Details |
1 | Application | Online application submission; |
2 | Screening | Applications are screened against eligibility criteria; Process is jointly done by HESLGB and University/College Administrators. |
3 | Provisional approval | HESLGB Board of Directors announces the list of students whose loans have been provisionally approved. |
4 | Publicity of provisional lists of beneficiary students | List of provisionally approved loans is published in the press for public scrutiny. |
5 | Vetting | Jointly done by HESLGB and University/College administrators to remove students who are on scholarships, or are repeating a year of study on academic grounds, or have been withdrawn on academic grounds, or with other sources of financing their education. |
6 | Bonding | Successful applicant signs loan contract |
7. | Disbursement | HESLGB disburses tuition fees to university/college accounts; and upkeep to student accounts |