Are you a Ugandan citizen between the ages of 18 and 35 with dreams of joining IUEA but worried about tuition? Great news: thanks to the HESFB Loan Scheme, financial aid is now within your reach! IUEA proudly accepts students supported by the HESFB Loan Scheme. This partnership with the Government of Uganda and the Higher Education Student Financing Board (HESFB) is your golden ticket to a brighter future. Unlock your potential with IUEA by taking advantage of this incredible opportunity. We’re here to guide you every step of the way!
PROCESS SUMMARY
Step 1: Apply to IUEA by clicking here
Step 2: Get your admission letter from IUEA
Step 3: Apply for the loan through the website by clicking here
Step 4: Submit all the required information and attachments
Step 5: Shortlisting and selection process
Sep 6: Get awarded
Step 7: Start classes as an IUEA student
Step 8: Renew your application if needed
What is the HESFB Loan Scheme?
Launched in 2014, the Higher Education Students Financing Board (HESFB) is a game-changer for Ugandan students. It provides loans to those who have the drive to succeed but need financial support to pursue accredited courses at recognised institutions. This initiative aligns with the goals of Uganda’s National Development Plan to make education accessible to all and foster critical skill development for national progress, a key part of our MOU with NEMA. The government has entrusted a select few institutions with the privilege of offering this loan, ensuring that eligible students receive top-notch education. This honour underscores the incredible trust and confidence in the quality of education provided by IUEA, as demonstrated by our esteemed charter.
Why Choose the HESFB Loan?
- Access to Education: Break down financial barriers and embrace the opportunity to learn.
- Support for All: Whether you are facing economic challenges or other disadvantages, this loan is designed to help you succeed.
- Promoting Growth: Focus on courses that drive national development and personal growth.
What Does this Loan Cover?
The HESFB loan takes the stress out of funding your education by covering:
- Tuition Fees
- Functional Fees
- Research Expenses
- Aids and appliances for students with disabilities
What are the requirements to apply for this loan?
To qualify for this incredible opportunity, you need:
- A signed agreement with HESFB detailing your obligations.
- A copy of your National ID (this loan is only for Ugandan students).
- Payment of a 1% loan protection fee to cover unforeseen circumstances.
- An application fee of 50,000 Ugandan shillings.
Check out the full list of requirements here.
How do I apply for the Loan?
Once you receive your admission letter from IUEA, you can apply for the HESFB loan by clicking here and following the steps. If you haven’t received your admission letter yet, no problem! Click here to start the quick and simple application process. Best of luck!
Has anyone received this student loan before?
Absolutely! Over nearly a decade, the HESFB loan scheme has transformed the lives of countless Ugandan scholars, enabling them to secure fulfilling jobs and repay their loans while thriving in their careers. At IUEA, we are proud to have already enrolled students through this program, including Mr. Fred Ssaka, who is pursuing a Bachelor of Information Technology, and Mr. Ryan Aita, who is studying for a Bachelor of Science in Software Engineering. These success stories are a testament to the life-changing impact of the HESFB loan and the exceptional education provided at IUEA.
Can someone get disqualified after being accepted for the loan scheme?
Stay on track to avoid disqualification due to:
- Poor grades
- Unapproved changes in your programme or institution
- Change of citizenship
- Falsifying documents
- Benefiting from another government program
- Substance abuse or criminal activities
Are there any benefits to repaying the loan early?
Repaying your loan early is a smart move! It reduces your total debt and eliminates interest charges. Plus, if your family or guardian can contribute to your fees during your studies, interest will only apply to the amount covered by the HESFB. This strategy significantly lowers both your debt and interest, making your financial journey smoother and more manageable.
How do I repay the loan?
Your repayment period starts 12 months after completing your course. The terms are flexible and negotiated between you and the board, with the first instalment due 30 days post-negotiation.
Click here to explore repayment methods
What if I delay to repay the loan?
To ensure smooth repayment, HESFB collaborates with employers, and credit reference bureaus, and imposes penalties for non-compliance.
Where can I find more information about this scheme?
For detailed information and application deadlines, click here to visit the HESFB website.
At IUEA, we are not just about education; we are about transforming lives. Our partnership with HESFB reflects our philanthropic spirit and dedication to providing top-notch, affordable education. We believe that everyone deserves the chance to dream big and achieve greatness. By offering scholarships and financial aid, we aim to nurture talent and support those in need.
Join us in this exciting journey! Apply for the HESFB Loan Scheme and become part of a community that values excellence, inclusivity, and innovation. Together, let’s shape a brighter future for you and Uganda.
