Students Loan Requirements 2022-2023

Students Loan Requirements 2022-2023

The Students Loan Requirements 2022-2023 might want to advise college students regarding higher education from every single certify establishment and the overall population that the credit application structures for 2022-2023 Financial Year are presently accessible.

The advance application structures can be gotten to from; licensed foundations of higher learning, District Education Managers, schooling branches of religious organizations, public libraries, HESLGB secretariat and on the HESLGB

Proceeding with Students are mentioned to present their properly finished credit application structures to heads of their individual establishments of higher learning, though recently chose Students are supposed to present their finished application structures to the HESLGB Secretariat by hand conveyance or through post utilizing the accompanying location; Higher Education Students’ Loans and Grants Board, Private Bag B417, Lilongwe 3.

Students ought to likewise take note of that it is an unquestionable requirement to join a duplicate of their National ID to their credit application structure and that the credit application process draws in a MK 2000 non-refundable expense which ought to be stored into both of the accompanying records.

Read Also; Download Students Loan Application Form

In order for an applicant to be able to apply for a loan they need to satisy the eligibilty criteria set by the board. Only applicants from the list of approved instituition shall be abel to apply for a loan.

The Requirements has been developed to defines the criteria for applying for the Loan scheme.

Eligible students for loans must meet the following conditions

  • Must be needy Malawian citizens who has been admitted into a fully accredited/registered Higher Learning Institution (private and public) as a candidate for a higher Diploma and or first degree on full time basis in an accredited program or course.
  • Must be a needy female student.
  • Must be a student with six credits in MSCE or its equivalent upon getting admitted to a registered/accredited higher learning institution.
  • Must be a continuing student who has passed the examinations necessary to enable him/her to advance to the next year or stage of study and therefore are not mature entry, weekend program, repeating, distant learning, up-grading and general diploma students.
  • Must be a person who is not fully funded by other organizations or sources.
  • Must not have attended an elite school unless there is evidence demonstrating neediness.
  • Must have verifiable conduct and commitment to studies

According to the Loan Board a Student Must be Needy

  • A poor orphan (who has lost both parents
  • Must be a needy female student.
  • A poor applicant with disability or applicants whose parents have disability and are poor.
  • A poor applicant who has lost one parent..
  • An applicant from poor family.
  • An applicant who has not inherited any property, estate or fortune that can finance education;.
  • An applicant from low income family earning national minimum wage or below;
  • An applicant who does not have any source of income to meet costs of either tuition only or and upkeep and or stationery.

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