Recovery of the outstanding loans is aimed at creating a revolving fund from which funds can be drawn to support current and future needy Malawian students to purse higher education. The essence of our entry this week is to remind employers of their legal obligations towards the recovery of students’ loans and to provide them with information that would help them not to be in conflict with the law. Click to read the full report.
The Unique Core Functions of the Higher Education Students’ Loans and Grants Board (HESLGB) in the Higher Education Sector
In its efforts to improve accessibility and quality of higher education in Malawi, Government through the National Assembly established the Higher Education Students’ Loans and Grants Board (HESLGB) and the National Council for Higher Education (NCHE). The gist of our entry this week is to highlight the separate and complementary roles of these two independent bodies which are often times confused or ignored by a lot of stakeholders. In doing this, we seek to clearly provide knowledge and information to various stakeholders who need services from either HESLGB or NCHE so that they are properly directed and guided. Click to read full article
Access to Higher Education for all Malawians is Possible
Recent developments in the Education Sector have shown that the Government of Malawi is committed to its efforts of increasing inclusive and equitable access and improving quality of higher education in the country. Among many other initiatives, permitting private universities to expand their operations; increasing bed space in public universities; and introduction of online and distance learning systems are some of the initiatives that Government is implementing with the aim of increasing accessibility of higher education for all Malawians. Click to read full article
Non-repayment of students’ loan is immoral
At some point in our lives we all wish we lived in world where everyone could do whatever they want without any consequences fulfilling the adage by Jean Paul Satre that human beings are doomed to freedom. Unfortunately, the reality is that we live in a world where every action we want to or not to take has consequences and does directly or indirectly have an impact on others, as such our actions require accepted social norms, rules, laws, traditions and values to be controlled. It is against this understanding that all human behavior must be guided by morals. Human beings, as such cannot claim to be doomed to freedom as it whatever they do, there are limitations and consequences.
The thrust of our entry this week centers on the immorality of non-repayment of students’ loans. Morals, as argued by scholars, are a set of rules or codes of conduct that help in making decisions about what is right or wrong, what is good or bad, what is important or not. Self-control, responsibility, respect, politeness, perseverance, kindness, integrity, honesty, generosity, fairness, equality, courage, compassion and acceptance are examples of moral values that guide human behavior. Click here to read full article.
Know Enquiring and Repayment processes of A Student Loan
The student loan schemes were introduced by the Government of Malawi in 1985 as one way of complying with the austerity measures that were conditional to the World Bank facility under the Structural Adjustment Programs (SAPs). The administration of the students’ loan schemes went through a number of institutions, all of which faced challenges like lack of effective disbursement mechanisms of loans to students and recovering the old loans from former beneficiaries due to the lack of regulatory legal framework and guiding mechanisms in the disbursement and recovery processes. The establishment of HESLGB is direct remedy to challenges faced by the previous student loan administrators. Click here to read the full article
