The Higher Education Students’ Loans Board (HESLB) is a corporate body established under Act No. 9 of 2004, and subsequently amended in 2007, 2014, and 2016. Its primary purpose is to assist needy and eligible Tanzanian students in accessing loans and grants for higher education.
The creation of HESLB marked a major step in Tanzania’s efforts to widen access to tertiary education and promote equal opportunities for students from diverse socio-economic backgrounds.
Mandate and Responsibilities
HESLB is mandated to disburse, manage, and recover loans issued to students enrolled in accredited higher learning institutions, both within and outside Tanzania. Through this financial support, thousands of students each year are able to pursue degree, diploma, and postgraduate studies in fields essential to national development.
The Board operates transparently and efficiently to ensure that funds reach the intended beneficiaries. To determine eligibility, HESLB applies clearly defined criteria that assess both financial need and academic merit.
Scope of Financial Support
The loans provided by HESLB cover key education expenses such as:
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Tuition fees
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Books and study materials
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Research costs
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Accommodation
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Meal allowances
Loan Recovery and Sustainability
To ensure the sustainability of the revolving fund, HESLB actively collects loan repayments from beneficiaries who have completed their studies and gained employment. This recovery process enables future generations of students to access similar opportunities for higher education.
Commitment to Innovation and Accountability
HESLB continues to enhance its operations through technology-driven systems that streamline the application, disbursement, and repayment processes. This digital approach promotes transparency, accountability, and efficiency in service delivery.
Contribution to National Development
By empowering Tanzanian youth through access to higher education financing, HESLB plays a vital role in realizing the country’s vision of building a knowledgeable, skilled, and self-reliant society. Its work contributes directly to Tanzania’s broader goals of socio-economic transformation and sustainable national development.
