The State Minister for Higher Education, Hon. Dr. Chrysestom Muyingo has this morning released the list of the 8th Cohort of successful applicants for study loans under the Students’ Loan Scheme for the Academic Year 2021/22.
The list includes successful applicants from “Lot 1” institutions who applied to study various Undergraduate degree and Undergraduate diploma programmes in 4 Public Universities and 12 Private Chartered Universities.
During the event hosted at the Uganda Media Center, Hon. Muyingo congratulated Board members and secretariat staff at the Higher Education Students’ Financing Board (HESFB) for the tireless effort in processing the 8th Cohort of study loans under the Students Loan Scheme thereby supporting qualified but needy Ugandan youth to access higher education.
- Ministers Speech – Release of 8th Cohort of Loan Beneficiaries
- Remarks by CHAIRPERSON BOARD – Students’ Loan Scheme
- Executive Director Report – Release of Succesful List of Students’ Loan Scheme Beneficiaries 2021
In his report, the Executive Director, HESFB, Mr. Michael Wanyama said that this year’s list will be released in “lots” given that some institutions had delayed the admission process while in others students had commenced studies.
According to the release report, the Board received a total of 4,797 Loan applications for Lot I institutions and of these 3,926 were appraised and found eligible for support. The remaining 871 applications were rejected as they were found to lie outside the eligibility criteria. Of the processed total of 3,926 applications, 2,856 (72.7%) were male applicants while 1,070 (27.3%) were female applicants.
“Lot I which we are releasing today, was allocated 920 students to utilize UGX. 3,802,500,000, of which 120 are finalist under the Continuing Students Loan, 735 are undergraduate Degree students while 65 students are pursuing undergraduate Diplomas. Of these 464 or 50.4% are males while 456 or 49.6% are females.”
Mr. Wanyama said that ‘Lot II institutions’ will be allocated UGX 2,247,500,000 to support 380 undergraduate Degree students and 235 Diploma Students.
In the AY2021/22 Government allocated funds to support 1600 Students under the Students’ Loan Scheme. Lot 1 institutions include;
- African Bible University
- Bishop Stuart University
- Bugema University
- ISBAT University
- Islamic University in Uganda
- Kampala International University
- Kampala University
- Mountains of the Moon University
- Ndejje University
- Nkumba University
- Uganda Christian University
- Uganda Martyrs University
- Mbarara University of Science and Technology
- Kabale University
- Busitema University
- Muni University