Background
Higher Education Students’ Loans Board was established by Act No. 9 of 2004,
inaugurated
by the Hon. Minister for Higher Education, Science and Technology
on the 30th March 2005 and became operational in July 2005. The objective of
the Board is to assist, on a loan basis, needy students who secure admission in
accredited higher learning institutions, but who have no economic power to pay
for the costs of their education. The Board is also entrusted with the task of
collecting due loans from previous loan beneficiaries in order to have a
revolving fund in place so as to make the Board sustainable.
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