Successful student loan beneficiaries list released

12 September 2024, 12:00 pm

By Ronald Ssemagonja

Out of 6,661 applicants for the Students Loan, 1,838 were successful. Of these 1,048 are male while 790 are female. A total of 1,372 students will pursue undergraduate degree programmes, and 466 will pursue diplomas.

During the launch at the Uganda Media Centre, the Minister of State for Higher Education, Hon. John Crysestom Muyingo, congratulated the Higher Education Financing Board for releasing the results for the eleventh cohort of the successful loan beneficiaries for the academic year 2024/2025.

Hon. Muyingo emphasised that this initiative is part of Government of Uganda’s commitment to address the Sustainable Development Goal 4, which aims to ensure inclusive and equitable quality education for all at all levels. He reaffirmed that education is one of the most powerful tools for attaining sustainable development. This goal specifically focuses on achieving equitable access to affordable higher education training.

According to Hon. Muyingo, the government is supporting students pursuing Science, Technology, Engineering and Mathematics (STEM) programmes, which are essential for the local job market and will drive economic growth, innovation and global competitiveness. He also reminded beneficiaries that the loans must be repaid after successfully completing their studies, with a grace period of one year.

In his remarks, the Chairperson of the Higher Education Students Financing Board, Eng. Dr. Charles Wana Etyem, stated that the loans awarded to students will cover tuition fees, functional fees, research fees payable to the tertiary institutions and appliances for students with disabilities. The funds for loans will be disbursed directly to the tertiary institutions and not to the beneficiaries.

He added that all successful loan applicants will be informed via SMS, the Higher Education Students Financing Board (HESFB) website and other social media platforms. All applicants will be required to sign loan agreements with HESFB.