Makerere University Students Loan Scheme 2022-2023

By | July 31, 2019

Makerere University Students Loan Scheme 2022-2023

Makerere University Students Loan Scheme – see details below:

  1. The Higher Education Students’ Financing Board (HESFB) is meant for Ugandan scholars ONLY, pursuing higher education in recognized Public and Private Institutions of Higher Learning.
  2. Initially the Loan shall cover Tuition,Functional fees, Research fees and Aids and appliances for PWDs ONLY.
  3. The Loan will attract Interest determined by the Minister of Education and Sports in consultation with the Minister in charge of Finance.
  4. A student who has received the loan shall start re-paying the loan at least one (1) year after completing his/her course

See Also: Makerere University Scholarships 2022-2023

Service Delivery at HESFB
The Ministry of Education and Sports under its mandate has started the implementation of Financing Higher Education studies for Ugandans through the Higher Education Students’ Financing Act, 2014 by setting up the Higher Education Students’ Financing Board (HESFB).

The objective of the Board is to increase equitable access to higher education in Uganda and also support qualified students who may not afford higher education.

The Higher Education Students’ Financing Board (HESFB) has been established to address the problem of inequitable access to higher education by many Ugandan citizens given the large number of dropouts due to their inability to meet the costs of higher education. Makerere University Students Loan Scheme

 

Disclaimer: Makerere University does not take responsibility for the accuracy of information displayed about the Higher Education Students’ Financing Board (HESFB) on this website.

Introduction

The Uganda Higher Education Students’ Financing Board (HESFB) is a fund intended to provide financing to Ugandan students who have qualified for higher education in recognized institutions of higher learning but are unable to support themselves financially.

The 1995 Constitution provides for protection and promotion of fundamental human rights and freedoms particularly under Chapter 4. Article 30 provides that all persons have a right to education and this is expounded in the preamble to the Constitution which provides for the National Objectives and Directive Principles of State Policy that directs the State to take appropriate measures to afford every Ugandan citizen equal opportunities to attain the highest educational standard possible. Makerere University Students Loan Scheme

The essence of the Higher Education Students’ Financing Board is to support the sector policy objective of increasing access to quality education in view of the large number of brilliant but needy students who are not among the 4,000 students sponsored by government and can-not raise fees for self sponsorship. In this regard, the Ministry of Education & Sports through the Higher Education Students’ Financing Act, 2014 established the Board to implement the objects of the Act on its behalf which is in line with the education sector policy objective. Makerere University Students Loan Scheme

Check Also: Makerere University Government Sponsorship Admissions 2022-2023

Vision

Access to higher education for all Ugandans.

Mission

To provide student loans to eligible citizens of Uganda to enable them access higher education at affordable rates and increase equitable access to higher education in the country.

Our Core Values

In pursuing these objectives, The Higher Education Students Financing Board will abide by the following core values:

  • Fairness
  • Transparency
  • Integrity
  • Courteous
  • Innovativeness

Objectives

The introduction of the Higher Education Students Financing Board will serve the following objectives;

1 To increase equitable access to technical and higher educa-tion in Uganda;

2 To support highly qualified Ugandan students who may not afford higher education;

3 To ensure regional balance in higher education services in Uganda;

4 To develop and support courses critical to national develop-ment and to ensure quality education in public institutions through quality assurance and supervision.

5 To ensure sustainable revolving loans fund

The Scheme is for Ugandan students seeking to pursue higher educa-tion in an accredited institution of higher learning recognized by the National Council for Higher Education and also pursuing an accredited programme. The applicant will have been admitted to an accredited Higher Education Institution. The applicant will be required to make a written application to the higher Education Students’ Financing Board by filling in a required form and submit it within a specified timeframe.

The Higher Education Students’ Financing Act, 2014

The Higher Education Students’ Financing Bill, 2013 was passed by Parliament in December,2013, assented into Law by H.E the President on February 2,2014 and gazzeted on February 28, 2014 into an Act of law.

The Higher Education Students’ Financing Board will initially offer loans to students pursuing both sciences and non sciences in local public and private chartered universities pursuing courses considered to be critical to national development and covering human capital gap.

Over the following years the loans shall be extended in the ratio of 3:2 Humanities to Science programmes. The programs to be awarded loans will be decided upon by the Board with the approval of the Minister.

In the interim, there will be cost sharing between the government and the students whereby the Higher Education Students Financing Board shall cover tuition fees, functional fees, research fees and Aids and appli-ances for Persons With Disabilities (PWDs).

The Board will con-sider payments for accommodation charges; meals; books and stationery in future depending on the availability of funds. This is because of the limited capitalization of the loan scheme and therefore students will not be awarded adequate loans to cover all the pedagogical and non pedagogical expenses. Besides, cost sharing will lead to a reasonable number of stu-dents to access loans.

Provision of tuition and functional fees will enable the beneficiaries to meet the critical pedagogical expenses critical to facilitate completion of academic programmes. enable the beneficiaries to meet the critical pedagogical expenses critical to facilitate completion of academic programmes.

Application for the loan shall be as follows:-

  1. An eligible student may apply to the Board for the loan.
  2. Every application shall be accompanied with;
    1. A copy of admission letter from the university/institution
    2. A valid identification document
    3. Copies of certified academic certificates or result slips and transcripts
    4. A copy of birth certificate or a passport
    5. Three most recent passport photos
    6. Prescribed/application fees
    7. A reference letter from an individual in social standing
    8. Fully filled completed application form
    9. Accurate present residence/home sketch map

Students shall apply for the Loan after being admitted at the Higher Education Institutional.

The loans shall be given to hybrid of sciences and non science programmes that are relevant to national development .

The board shall also determine the programmes to fund with approval of the minister of education

Initially the loan amount is put at a capping of a weighted average Unit cost of UGx. 4 Million to cater for the pedagogical component (tuition fees, re-search fees, functional fees, aids & appliances for persons with disabilities) while the non pedagogical component such as accommodation, meals, transport costs etc will be cost shared by the students.

FREQUENTLY ASKED QUESTIONS (FAQs)

Question: What is Higher Education Students’ Financing Board?

Answer:

This is a Board intended to provide loans and scholarships to Ugandan students who have qualified for higher education in recognized institutions of higher learning but are unable to support themselves financially.

Question: Why Higher Education Students’ Financing Board?

Answer:

It is intended to address the following objectives:-

1 To increase equitable access to technical and higher educa-tion in Uganda;

2 To support highly qualified Ugandan students who may not afford higher education;

3 To ensure regional balance in higher education services in Uganda;

4 To develop and support courses critical to national develop-ment and to ensure quality education in public institutions through quality assurance and supervision.

5 To ensure sustainable revolving loans fund.

Question: Who is eligible for the loans?

Answer:

  1. The scheme is meant for Ugandan students seeking financial assistance to pursue an accredited course of study or pro-gramme of higher education in an accredited institution of higher learning recognized by the National Council for Higher Educa-tion.
  2. The Board will determine the Students’ eligibility into the scheme and shall take with consideration the regional balance, gender, social economic needs and equity.
  3. The Board may, by notice in the Gazette and a newspaper of wide national coverage, declare the programmes or courses of study to be funded in a particular academic year.

Question: What does the loan cover?

Answer:

1) A loan shall cover the following:-

  • Tuition fees;
  • Functional fees; and
  • Research fees;
  • Aids and appliances for Persons With Disabilities (PWDs)

2) A loan may include specified amounts in respect of accommoda-tion or meals, where the Board determines that the funds are suffi-cient to provide those items, in addition to the fees prescribed in 1) above.

Question: What will be the grace period?

Answer:

A person who has received a student loan shall start repay-ing the loan with the specified interest at least one year after complet-ing higher education for which the loan was given.

Question: What level of education does the loan cover?

Answer:

It will cover the following programmes in the phased manner starting with under graduate programmes;

  • Diplomas and professional Certificates
  • Undergraduate courses
  • Post graduate (Diplomas and Masters)
  • Ph.D.

Question: Who will benefit from the initial students’ loans?

Answer:

The Student Loan Scheme will initially offer loans to students pursu-ing their first degrees (Undergraduates) in local public and private chartered universities. The programs to be awarded loans will be decided upon by the Board with the approval of the Minister.

Question: What does one require to apply for a loan?

Answer:

Application for loan shall be as follows:-

(1) An eligible student may apply to the Board for the loan.

(2) Every application shall be accompanied with;

  • A copy of admission letter from the university/institution
  • A valid identification document
  • Copies of certified academic certificates or result slips and transcripts
  • A copy of birth certificate or a passport
  • Three most recent passport photos
  • Prescribed/application fees
  • A reference letter from an individual in social standing
  • Fully filled completed application form
  • Accurate present residence/home sketch map

Students shall apply for the Loan after being admitted at the Higher Education Institution.

Question: Will the Loan attract Interest?

Answer:

  1. Every student loan shall be repayable with interest.
  2. The interest shall be determined by the Minister of Education and Sports in consultation with the Minister responsible for Finance and upon the recommendation of the Board.

Question: Where do I apply for the Loan?

Answer:

Application forms shall be available at the selected Commercial Banks; Office of the dean of students; the Board’s website; the Ministry website http://www.education.go.ug. Students are advised to apply for the loan after being admitted at the university but before the opening date to allow ample time for processing and remittance. Applicants will be required to pay processing fee as determined by the Board.

Question: How will disbursement of the loan be made?

Answer:

The Board in respect of each student, shall disburse the tuition fees, functional fees, and research fees directly to the University bank account.

Question: Is a student allowed to pay back the loan earlier before the end of the grace period?

Answer:

Early repayments are accepted. Early re-payment is also allowed and the Board shall determine the manner in which to make repayments.

Question: Can a student who has already gotten the loan be disqualified?

Answer:

A student shall be disqualified on the following grounds:

a) Failure to progress academically
b) Change of citizenship from being a Ugandan national
c) Discovery of document falsification/ Provision of false information under the disguise of impersonation

Question: Can one get a Loan or exit during the time of study?

Answer:

Yes, the scheme is a multi entry and multi exit scheme, such that you can apply for the loan ONLY AND ONLY IF YOU WANT IT. A Student can choose when to get the loan and when not to get it.

Question: Is one required to pay back the loan if he/she fails to complete the course of study?

Answer:

On failure to complete your course of study, the loan is re-called immediately and you will be required to start re-paying.

Question: Can one apply for a partial loan?

Answer:

Yes, you are free to specify the amount of loan you need.

Question: Will the HESFB offer scholarships?

Answer:

Yes, the Board will from time to time award scholarships to eligible students pursuing education in a field of study determined by the Board as critical to national and economic development. Makerere University Students Loan Scheme

Question: What type of scholarships shall be attainable under the HESFB?

Answer:

The following scholarships shall be offered:

Bi-lateral and National scholarships.

Question: What will the scholarship cover?

Answer:

It will cover the following;

  1. Tuition fees,
  2. Functional fees,
  3. Books and reading materials,
  4. Accommodation fees,
  5. Meals,
  6. Research fees,
  7. Aids & Appliances for Persons with Disabilities,
  8. Other expenses as may be determined by Board and approved by the Minister

Question: Who is eligible for a scholarship?

Answer:

Any Ugandan student pursuing higher education in a field of study deemed critical to national and economic development, and also addressing human capital gaps.

Question: Is the scholarship paid back?

Answer:

Under normal circumstances, NO only in cases where;

  • A student does not complete the course of study for any unconvincing reasons as determined by the Board , the scholarship is recalled and the student is required to pay back all the money spent on him/her.
  • Falsification of documents by the student on discovery leads to automatic disqualification and refund of any amounts spent. Makerere University Students Loan Scheme

Question: What happens if I change the course of study?

Answer:

A student loan or scholarship shall only be used for the course for which the loan or scholarship has been awarded and shall not be transferable.

A List of Public and Private Universities Accredited by NCHE(2014)

  1. Makerere University Kampala (Mak)
  2. Kyambogo University
  3. Mbarara University of Science and Technology
  4. Gulu University
  5. Busitema University
  6. Muni University
  7. Kampala International University (KIU)
  8. Nkumba University
  9. Bugema University
  10. Ndejje University
  11. Uganda Christian University (UCU), Mukono
  12. Uganda Martyrs University (UMU), Nkozi
  13. Islamic University in Uganda (IUIU), Mbale

For further guidance, please reach the Board at the address below

Official Address:
Higher Education Students’ Financing Board
Lourdel Road, Plot 1, 7th Floor,
Lourdel Towers, Nakasero
P. O. Box 7063, Kampala-Uganda
http://hesfb.go.ug/

Homepage


TEL: +256-414-255-300

See Also:

1 Makerere University Government Sponsorship Admissions 2022-2023

2 Makerere University Readvert Admissions 2022-2023

3 Makerere University Undergraduate Admission 2022-2023

4 Makerere University Postgraduate Admission 2022-2023

5 Makerere University Diploma Entry Scheme Admission 2022-2023

6 Makerere University Private Sponsorship Admission 2022-2023

7 Makerere University Re-advertised Undergraduate Admission 2022-2023

8 Makerere University Direct Entry Scheme Admission 2022-2023

9 Makerere University Bachelor of Laws Admission 2022-2023

10 Makerere University Business School Admission 2022-2023

11 Makerere University Business School Online Application

12 Makerere University Law School Admissions 2022-2023

13 Makerere University College of Health Sciences Admissions 2022-2023

14 Makerere University Application Deadline

15 Makerere University Application Form

16 Makerere University Online Application

17 Makerere University Online Application Deadline

18 Makerere University Admission Lists

19 Makerere University Courses Offered

20 Makerere University Cut Off Points

21 Makerere University Fees Structure

22 Makerere University Admission Requirements

23 Makerere University Joining Instructions

24 Makerere University Weighting System

25 Makerere University Bachelor of Law Pre Entry Exams

26 Makerere University Business School Courses

27 Makerere University Business School Fees Structure

28 Makerere University Anthem Lyrics

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30 Makerere University Opening Date

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33 Makerere University Contact Address

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42 Makerere University Business School Contact Address

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2 thoughts on “Makerere University Students Loan Scheme 2022-2023

  1. Muhumuza Enock

    How do I apply for a loan? And where do itake the application?

    Reply
  2. MUNGURIEK BELIEVE

    Can those extending with study be allowed to apply for the loan

    Reply

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