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Over 1500 Students to Benefit from UGX 6B Under Loan Scheme

Kizito said that money will mainly support students studying sciences, Technology, Engineering and Mathematics. He said they decided to extend the application service application centers nearer to the students who need to continue with their education but cannot afford to pay for themselves.
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The Higher Education Students Financing Board- HESFB has secured Shillings 6 billion to support over 1500 students under the study loan scheme in the 2021/2022 academic year.

This will be in addition to supporting at least 100 continuing students mainly finalists. Bosa Kizito, the Director of Operations at HESFB revealed this at the launch of an application support center at Islamic University in Uganda-IUIU. 

The center targets students from the Bugisu Sub Region.   It becomes the 16th center established by the board to facilitate the application process for student loans. The other centers are found at Kyambogo, Makerere and Ndejje Kampala Campus Universities, which cater for the Kampala metropolitan area, Muni University in West Nile, Gulu University in Acholi region and Busitema for the Bukedi region.    

Others are Uganda technical college in Lira, Soroti University for Teso Region, Masaka School of Nursing for the greater Masaka Region, Fort portal School of Health Sciences for the Tooro and Bunyoro sub-regions, Bishop Stuart University in Mbarara, Kabaale University in Kigezi and Kampala International University Ishaka for the greater Bushenyi region.    

Kizito said that money will mainly support students studying sciences, Technology, Engineering and Mathematics. He said that they decided to set up application centers nearer to the students who need to continue with their education but cannot afford to pay for themselves.

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Ismail Simbwa Gyagenda, the Rector of Islamic University in Uganda-IUIU said that they will support students to ensure they are financed under the scheme. He welcomed the idea of decentralizing the application centers, saying that it will enable students to access the scheme with ease.   

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The loan scheme covers 130-degree programs and 76 undergraduate diploma courses mainly in Science, Technology, Engineering and Math (STEM) in 22 chartered universities, 10 public universities, 12 private chartered universities and 36 tertiary institutions in the county.

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