CHALIMBANA UNIVERSITY STUDENT LOANS 2019/2020
The Higher Education Loans and Scholarships Board (HELSB) was established by the Higher Education Loans and Scholarships Act No. 31 of 2016. HELSB replaced the Bursaries Committee which was established by Statutory Instrument No. 182 of 1973 of the Education Act CAP 134 of the Laws of Zambia. HELSB has taken over the administration of student loans and scholarships from the Bursaries Committee.
OBJECTIVES OF THE STUDENT LOAN SCHEME
The Higher Education Loans and Scholarships Board (HELSB) was established by the Higher Education Loans and Scholarships Act No. 31 of 2016. HELSB replaced the Bursaries Committee which was established by Statutory Instrument No. 182 of 1973 of the Education Act CAP 134 of the Laws of Zambia. HELSB has taken over the administration of student loans and scholarships from the Bursaries Committee.
Currently, HELSB depends on funding from the Ministry of Finance as appropriated by Parliament. Over the years, the increased demand for higher education has not matched funding from the Treasury thereby creating pressure on the Board.
| YEAR | FUNDING |
|---|---|
| 2016 | K417,436,668.00 |
| 2017 | K417,436,668.00 |
| 2018 | K567,000,000.00 |
HOW TO APPLY FOR CHALIMBANA UNIVERSITY STUDENT LOANS 2019/2020
see Application Details below
CHALIMBANA_ADVERT_2019_2020_STUDENT_LOANS