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REMARKS BY THE CHAIRPERSON HIGHER EDUCATION STUDENTS’ FINANCING BOARD

                  
 

AT THE RELEASE OF THE APPROVED SUCCESSFUL STUDENT LOAN BENEFICIARIES
FOR THE A CADEMIC YEAR 2018/19

September 2018

 

RELEASE OF APPROVED STUDENTS’ LOANS FOR THE ACADEMIC YEAR 2018/19

    THE HON.  MINISTER OF STATE FOR HIGHER EDUCATION
    THE DIRECTOR HIGHER, TECHNICAL, VOCATIONAL, EDUCATION TRAINING, MINISTRY OF EDUCATION AND SPORTS,
    MEMBERS OF THE HIGHER EDUCATION STUDENTS’ FINANCING BOARD,
    STAFF OF HIGHER EDUCATION STUDENTS’ FINANCING BOARD
    DISTINGUISHED INVITED GUESTS
    MEMBERS OF THE PRESS

1.0    Introduction
On behalf of the Higher Education Students’ Financing Board, we welcome you all to the fifth round of release of the Students’ Loan Beneficiaries for the Academic Year 2018/19.

In a special way, I would like to welcome the Minister of State for Higher Education to this occasion, the Board members and staff of the Board.
Hon Minister, through you, I convey my sincere appreciation to the Minister of Education and Sports for her support to the Board and the entire Ministry staff for the cordial working relationship
Hon Minister, on behalf of the Board, we appreciate your continued support and guidance given to the Board. Hon Minister, I would like to inform you that the Board has successfully awarded loans to the neediest students because of the proficient and adept members and the hardworking Secretariat staff. I appreciate the Board members and staff here present for the good job well done.
I would like to welcome and pay special tribute to the members of the Press for your continued support and covering our events. The press has been our good ally and has reported widely on the Board activities. It is our sincere prayer that you continue to report accurately on matters of Financing Higher Education in the Country.
Hon Minister the intended objective of widening and broadening access to higher education is slowly being registered through increased number of the student on the loan scheme as highlighted in the following paragraphs.

2.0    Background
The Higher Education Students’ Financing Board was established by an Act of Parliament No. 2 of 2014, as a body corporate mandated to provide Loans and Scholarships to eligible citizens of Uganda to enable them access Higher Education at affordable rates.
The objectives of the scheme are:
    To increase equitable access to Higher Education for all Ugandans;
    To support qualified students who cannot afford Higher Education;
    To ensure regional balance in Higher Education services for all Ugandans;
    To develop and support programmes which are deemed critical for national development;
    To ensure a sustainable revolving loan Fund.

Hon Minister, the Board has worked hard to widen and broaden access to Higher Education. To date, a total of 8,197 students have been awarded loans in various 20 Universities and 33 Other Tertiary Institutions.      
This is the fifth time that the Board is awarding loans to students pursuing Higher Education at both the Universities and Other Tertiary Institutions. We started in the year 2014/15 by awarding loans to 1,201 undergraduate students followed by 1,276 in 2015/16 for both undergraduate and diploma students; 1,325 in 2016/17; 1,448 students in 2017/18 and doubled the number to 2,950 in 2018/19. Hon Minister , this is not a mean achievement and we do thank His Excellency the President for fulfilling his promise.

3.0    Eligibility into the scheme
In line with the law that established the Scheme, the Board in approving the successful loan applicants took into account the following:
    An applicant must be a Ugandan;
    Admitted  for an accredited course or programme of study;
    Admitted in an accredited (Chartered) Institution of Higher Learning;
    Applied for the loan;
    The Board took into consideration regional balance, gender, social economic status and equity in accordance with the Higher Education Students’ Financing Act of 2014. All applicants were subjected to a uniform score card which considers proxy indicators to arrive at the lending decision.

4.0    Call for Applications
This year , the Board called for loan applications on  23rd may and the deadline was first set for 20th July and extended to 27th July 2018.  The deadline was extended to 20th July  for Undergraduates and 10th August, 2018 for Diploma applicants. This was meant to give chance to students who received admission letters late to apply for the loans.  

5.0      Number of Applications Received
The Board received a total of 4,603 applications compared to 4,218 received in 2017/18 and this signifies a growth of 9% in the applications received.
I am happy to report that all the Districts from which we received applications have successful loan applicants. Therefore, the results present a national outlook and regional balance. This time round we didn’t receive applicants from Moroto and Nakapripit

6.0 Successful Loan Applicants
The number of successful Loan Applicants moved from 1,448 in 2017/18 to 2,950 in 2018/19 representing an increase of 103%.  2,459 are for undergraduate and 491 Diplomas. (   2,158 (73%) male and 792 (27%) .Female) .Hon Minister the total number of female applicants were 961 and 792 were successful representing a success rate of 82%. We also increased on the diploma students to 491 as compared to 200 in 2017/18 in order to    support the critical mass of students who are highly demanded in the job market.

Hon Minister, We continue to award loans to persons with disabilities on affirmative action to pursue humanities and a total of 31 students with disabilities were awarded loans to pursue Humanity courses ( 20 male and 11 female)

7.0     Participating Higher Learning Institutions
There has been an increase in the number of Universities admitting students taking loans to 20 Universities this academic year 2018/19 and a host of other diploma awarding institutions. The approved Universities for the academic year 2018/19 are the following:

S/No    Public Universities     S/No    Private Chartered Universities
1    Makerere University     1    Ndejje University
2    Kyambogo University     2    Nkumba University
3    Busitema University     3    Uganda Martyrs’ University
4    Gulu University     4    Uganda Christian University
5    Muni University     5    Bugema University
6    Kabale University     6    Islamic University in Uganda
7    Mbarara University of Science & Technology     7    Kampala International University
8    Lira university    8    Bishop Stuart University
9    Soroti university    9    Kampala University
10    Makerere university Business school    10    Mt of the moon

The Universities participating in the Financing Scheme for the first time include: - Mountains of the Moon University in Fort portal which is the latest Private University to attain a Charter and Makerere University Business School which was approved in consideration of the much needed support for Students with Disabilities to pursue Business related programmes
The Other Tertiary Institutions are reflected in the main report

8.0     Approved Courses and Programmes for the Academic Year 2018/19
There has been an increase in the  approved undergradiate  programmes from 76  in 2017/18  to 126 in 2018/19 including four courses in humanities for affirmative action to cater for persons with disabilities. The courses on affirmative action are bachelor of laws; bachelor of arts with education;bachelor of social sciences and bachelor of psychology. The diploma programmes also increased from 63 to 71 programmes in areas of science and technology
9.0   Loan Coverage
The loans awarded to students shall cover the students’ tuition fees, functional fees, research fees payable to Tertiary Institutions and funds to cover Aids and Appliances for persons with disabilities. The funds for loans shall be disbursed directly to the tertiary institutions BUT not to the beneficiaries

10.0     Way Forward
i)    All successful Loan applicants shall be informed through SMS messages and the HESFB Website today.
ii)    All successful Loan Applicants shall be required to sign Loan Agreements with HESFB. The Loan Agreements shall be dispatched to the tertiary institutions and administered by staff of Higher Education Students’ Financing Board.
iii)    The loan amounts shall be disbursed to the respective Higher Learning Institutions after execution of agreements BUT NOT to the loan applicants.

11.0    Conclusion
We would like to pay special tribute to the following:
1)    The Minister for her continued support.
2)    The Minister of state for HE for gracing the occasion.
3)    The Permanent Secretary and staff of the Ministry of Education and Sports for the good working relationship.
4)    All the participating Universities and Other Tertiary Institutions for the good  and cordial relationships
5)    Centenary Bank management and staff for working tirelessly to distribute and collect loan application forms on behalf of HESFB.
6)    The Board Members and Staff of the Secretariat for doing their work promptly and putting in extra hours to beat the deadlines.
7)    The Press for the continued sensitization of the public  and coverage of the activities of the Board

I now take the pleasure to invite the Honourable Minister of State for Higher Education to make his remarks and officially release the list of the successful Loan Beneficiaries for the academic year 2018/19

Rev. Fr. Prof. Callisto Locheng, A.J. (Ph.D)
CHAIRPERSON
HIGHER EDUCATION STUDENTS’ FINANCING BOARD