The Higher Education Students' Loans and Grants Board (HESLGB) is pleased to announce to all accredited higher education institutions, continuing and newly selected students in accredited higher education institutions, parents/guardians, and the general public that on 18th September 2023, the Board approved a provisional list of loans for higher education students for the 2023/2024 academic year.
The successful applicants will be subjected to a Vet-ting and Bonding process which is jointly carried out by the Board and respective University/College administrators.2.0. Provisionally Approved Beneficiaries for the year 2023/24 The Board received a total of 27,079 loans. applications from students in 37 public and private higher education institutions. The number of applicants represents an 18.3 percent increase from the 2022/2023 loan applications. 17, 702 applications were submitted by male applicants while 9,377 were submitted by female applicants.
Access to Provisionally Approved Lists of Successful Applicants and Names of all provisionally approved beneficiaries can be accessed from 20th September 2023 through the offices of Registrars or Deans of Students in the respective higher education institutions and on the HESLGB website www.heslgb.mw. College Administrators are encouraged to paste on the notice boards in their respective institutions the provisionally approved list for the students and the public to access.
The Board would like to advise all stakeholders that the provisionally approved beneficiaries will undergo a vetting and bonding process as explained earlier. That process may result in slight changes in the figures presented.
The date for the vetting and bonding process varies from university to university because of the varying dates for commencing a new academic year. Usually, the process takes place two weeks after the commencement of a new academic year. During the vetting process, HESLGB officials and university administrators assess the provisionally approved list in order to remove those that; are repeating, are on scholarship, have disciplinary issues, and have been withdrawn among many other factors.
Whereas, during the bonding process students sign and submit bonding forms(contract) which is a way of showing that they have accepted the loan and they agree with the terms and conditions of the loan.
The Board would like to make a special appeal to all its stakeholders and the general public to provide feedback on the provisionally approved names directly to the Secretariat of the Board or through the offices of Registrars or Deans of Students of each respective higher education institution, in case there are individual students who are on the provisionally approved list but are not needy.
This information will help in the effective targeting of really needy and deserving students and contribute to reducing the error of including non-needy and undeserving students on the list of beneficiaries.
If you need any assistance you can contact HESLGB through the following details call +265 999 970 030/885 908 598
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