THE Higher Education Students’ Loans Board (HESLB) yesterday released 37,731 names as those of the first batch of first year university and college students to receive a total of 99.9bn/- in loans for the 2021/2022 academic year, which begins next week.
HESLB managing director Abdul-Razaq Badru said 23,379 of the beneficiaries are male and 14,352 are female.
He said that the board has started disbursing the money through the respective institutions ready for bank deposits to be made for the students concerned, subsequently advising the beneficiaries to check with the institutions and see whether deposits have actually been effected.
“The students should thereafter get full information from the accounts they used when applying for the loans, which are known as Student’s Individual Permanent Account (SIPA), and prepare themselves to travel to their colleges for registration,” he added.
Badru was categorical that the government has already provided the board with the funds and the board has started transmitting the money to the respective universities.
“We are determined to make sure that the students will find the money upon reporting for their studies,” he added.
According to Badru, names in the second batch of beneficiaries will be announced this Thursday (October 21) after the completion of the ongoing review of the applications, and asked applicants not yet touched to keep checking their universities.