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HomeNewsUganda's Higher Education Students Financing Board Simplifies Loan Application Process

Uganda’s Higher Education Students Financing Board Simplifies Loan Application Process

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Higher Education Students Financing Board (HESFB) has simplified the student loan application process, making it easier for students to secure funding for their academic pursuits.

Nankunda Alison Akankwasa from HESFB was at Nkumba University today to guide student loan applicants through the process, emphasizing that a “national ID can now be used instead of a financial card.”

According to officials, eligible, applicants must be below 35 years of age and possess a valid national ID with relevant documentation.

Potential Loan applicants during the info- session
Potential Loan applicants during the info- session

The university has designated the office of the Academic Registrar to guide applicants through the process.

The Nkumba University Academic Registrar, Dr. Frank Pio Kiyingi encouraged potential students to take advantage of the loan scheme. “I implore you to take advantage of this loan opportunity, but before you start filling out the form, make sure you have all the necessary documents,” he said.

This year, the HESFB has earmarked a budget to benefit 1,500 students. To address any questions or concerns, Nkumba University has organized a three-day physical interface with experts from HESFB, starting from Monday, June 24th, to Wednesday, June 26th, 2024, starting from 10 am.

“We are committed to making higher education accessible to all, and this simplified process is a step in the right direction,” emphasized Nankunda Alison Akankwasa.

Briefly, the Higher Education Students Financing Board (HESFB) was established in 2014 to provide loans and scholarships to students pursuing higher education in Uganda.

HESFB aims to increase access to higher education, particularly for those who are financially constrained. The board provides financing to students in recognized institutions of higher learning, supporting various academic disciplines.

NU Admistrator paus for a photo with HESFB official and Student
NU Administrators pause for a photo with HESFB official and Students

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Simon Peter Nashonji
Simon Peter Nashonji
Nashonji Simon Peter is a dynamic and multi-faceted team leader, renowned for his exceptional interpersonal skills. Having graduated with a Diploma in Journalism, Nashonji is on the cusp of completing his Bachelor of Science in Journalism and Public Relations at Nkumba University. He picked his niche and started writing with Chimp Reports in 2018. Since then, he has authored and published over 500 articles that cover Business trends, Politics, Health, Sports, and Environment. To master his craft, Nashonji offered to volunteer as an Editor of Nkumba University's News Website in 2022, a position he has held to date. On 1st July 2023, He joined the Editorial team of Ubuntu’ Magazine, a Rotary District 9214 (Uganda and Tazania) Monthly News product. Beyond the realm of academia, Nashonji is deeply involved in the governance of Airforce Senior Secondary School his Alma Mata, where he serves as a member on the Board of Directors. He is currently, the President Airforce S.S.S Alumni Society, President Samia Student's Association of Nkumba University and at the same time President of the Media Challenge Fellowship, 2023 cohort. "Opportunities multiply as they are seized and only dwindle when neglected."
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