The Higher Education Students’ Loans Board (HESLB) is a body corporate established under Higher Education Students’ Loans Board Act, [CAP 178 R.E.2023], herein referred to as HESLB Act, with the objective of assisting needy and eligible Tanzanian students to access loans and grants for higher education. Its primary mission is to provide financial assistance to needy and eligible Tanzanian students who have secured admission to accredited higher learning institutions but lack the economic means to pay for their education. By offering these loans and grants, the board ensures that qualified students can pursue their academic goals regardless of their financial background.Beyond just issuing funds, HESLB is responsible for managing a revolving fund to ensure the long-term sustainability of student financing. This involves the systematic collection of matured loans from past beneficiaries. Currently, loan repayment typically involves a monthly deduction of 15% from a beneficiary’s basic salary or a set monthly amount for those in the informal sector. Through this cycle of lending and recovery, the board continues to empower thousands of Tanzanian youth to contribute to the nation’s professional workforce.
NEW VOLUNTEERING VACANCIES AT HIGHER EDUCATION STUDENTS ’ LOANS BOARD (HESLB), MAY 2026
The Board invites qualified, motivated, and dynamic Tanzanian graduates to apply for volunteering Opportunities in the following areas. READ FULL DETAILS THROUGH THE PDF DOCUMENT BELOW.