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HomeEducationHESLB tightens loan application rules

HESLB tightens loan application rules

By Chisomo Phiri

The Higher Education Students’ Loans and Grants Board (HESLGB) says it will not provide loans to students who submit conflicting names in their loan applications.

In an interview with 247 Malawi News,the board’s Chief Executive Officer(CEO ),Prince Phwetekere, said using conflicting names is unacceptable because it will hinder the loan recovery process.

Prince Phwetekere



Phwetekere urged students to ensure that the names they use in their school records match those on their national identity cards.

He further advised students with issues regarding their national identity cards to seek assistance from the National Registration Bureau.

HESLGB was established by a Parliamentary Act no: 2 of 2015 to finance access to higher education of needy and deserving students in Malawi.

Its mandate as per the Act, is two- fold, that is, firstly, to disburse loans yearly to needy and deserving students pursuing higher education in government registered higher learning institutions by  National Council for Higher Education( NCHE) both public and private and are pursuing accredited programs and courses.

Secondly, the Loans Board is to recover the former loans from former beneficiaries of the higher education loans scheme dating way back from 1985/86 academic calendar.

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