Tuition Loans

Loan application

In order for an applicant to be able to apply for a loan they need to satisfy the eligibility criteria set by the Board. Only applicants from the list of approved institutions shall be able to apply for a loan.

 

Who is eligible?

All applicants must meet the following requirements?

• Must be a needy Malawian Admitted into a Generic, Fully Accredited/ Registered Institution (Private and Public) with National ID.
• Must have Six Credits in MSCE or its Equivalent.
• 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.
• Must be a Student not Fully Funded by other Organizations or Sources.
• Must not have Attended an Elite School unless there is Evidence-Demonstrating Neediness.
• Must have Verifiable good Conduct and Commitment to Studies.
• Commitment to Pay Back the Loan.

 

Supporting documents

All applicants MUST submit their application with the following documents

• Copy of the applicant’s National ID with correct and relevant names or an NRB form with a system-generated sticker
• Copy of the University/College admission letter or an extract of the NCHE’s Press Release bearing the student’s name
• Parents/ Guardian National ID
• Death certificate of parents if applicable
• Deposit slip of MK7,500.00 non-refundable processing fee (CASH).

 

Loan processing calendar

The Board runs a seven-stage process to receive and scrutinize loan applications and disburse the loans:

Stage	Core Activity	Details
1	Application	Online application submission;
2	Screening	Applications are screened against eligibility criteria; Process is jointly done by HESLGB and University/College Administrators.
3	Provisional approval	HESLGB Board of Directors announces the list of students whose loans have been provisionally approved.
4	Publicity of provisional lists of beneficiary students	List of provisionally approved loans is published in the press for public scrutiny.
5	Vetting	Jointly done by HESLGB and University/College administrators to remove students who are on scholarships, or are repeating a year of study on academic grounds, or have been withdrawn on academic grounds, or with other sources of financing their education.
6	Bonding	Successful applicant signs loan contract
7.	Disbursement	HESLGB disburses tuition fees to university/college accounts; and upkeep to student accounts