HESFB Student Loan Scheme AY 2023/2024 Application

The Higher Education Students Financing Board (HESFB) Loan plan for Academic Year 2023–2024 is currently accepting applications. In order to offer loans and scholarships to students wishing to pursue higher education in Uganda, the Higher Education Students Financing Board (HESFB) was founded as a body corporate under the Higher Education Students Financing Act, No. 2 of 2014. Under the Student Loan Scheme, Ugandan students who want to go to college but are struggling financially can apply for study loans from HESFB.

The Students’ Financing Scheme aims to accomplish the following: (1) promote more equitable access to higher education in Uganda; (2) assist highly qualified students who might not be able to pay for it; (3) support vital programs for the country’s development; (4) maintain regional parity in Uganda’s higher education services; and (5) establish a revolving fund.

2.0 THE CALL FOR STUDENTS’ LOAN APPLICATIONS FOR ACADEMIC YEAR 2023/24

The Board therefore invites applications for study loans under the Students’ Loan Scheme from eligible Ugandan students who have been admitted in their first year under the listed Undergraduate Diploma and Degree programmes for the Academic Year 2023/24 in the Public Universities, Private Chartered Universities and the listed Other Tertiary Institutions. The Applications will commence on Monday 4th March, 2024 and the deadline for application is Friday, 15th March, 2024.

3.0 STUDENTS’ LOAN COVERAGE

1. The Students’ Loan shall cover tuition fees and functional fees. The loan shall also cover Aids and Appliances for persons with disabilities, while research funds may be covered as and when budget allows.
2. Student loans shall strictly be awarded to students joining Higher Education Institutions in First Year.
3. The Loans will be awarded to applicants pursuing Undergraduate Diploma and Undergraduate Degree programmes only.

HESFB Student Loan Scheme AY 2023/2024 Application

1. The Loan Application process is solely online and is available through our website https://www.hesfb.go.ug. Visit website and Click APPLY NOW. Note that no hard copy application forms shall be allowed.
2. Applicants shall be required to pay a non-refundable Loan Processing Fee of UGX 53,000 to the HESFB LOAN APPLICATION FEE, Account No. 3740300006 Centenary Bank or 01363669053643 DFCU Bank. The Payment Receipts shall be scanned and attached during the Loan Application process.
3. Applicant who may encounter challenges in the application process can seek help by calling 0392174999 or 0414255300 or through our Social Media pages

5.0 REQUIREMENTS

1. A copy of the Admission Letter from the participating Higher Education Institutions
2. A copy of an Applicant’s the National ID
3. Copies of Parents’ National IDs
4. Copies of Death Certificate (In case parents are deceased)
5. Copies of an Applicant’s Academic certificates or result slips and transcripts
6. A copy of the Birth Certificate
7. A copy of the recent Passport Photo
8. Proof of payment of the non-refundable Loan Processing fee of UGX 53,000
9. A sketch map to the applicant’s current address/residence
10. A sketch map to the applicant’s home of origin (If different from current address)
11. More requirements can be found on www.hesfb.go.ug/eligibility

6.0 APPROVED PROGRAMMES FOR SUPPORT IN THE ACADEMIC YEAR 2023/24

The Board will support applicants to pursue ALL accredited undergraduate degree and diploma programmes in the listed 16 key academic disciplines;

Please Note: Persons with Disabilities can apply to pursue any accredited Programme of their choice (including Humanities) from any of the listed Higher Learning Institutions.

7.0 THE APPROVED PARTICIPATING UNIVERSITIES IN THE STUDENTS’ LOAN SCHEME IN THE ACADEMIC YEAR 2023/24