THE Higher Education Students' Loans Board (HESLB) said today loan repayment amount more than tripled from 2bn/- to 6.5bn/- a month.
The HESLB Executive Director, Mr Abdul-Razaq Badru said the amount increase follows the board recently close follow-up on repayment.
“Despite the increase some are still not paying their outstanding debt,” Mr Badru said during a press conference.
He directed those with long outstanding loans to pay their dues in 30 days or failure to honour the notice will face the music as per law of the land. On top of that, HESLB will make public students who failed to pay their loans since 1994.
The names were supposed to be displayed to public on Sunday November 13. “After that period elapses, action will be taken according to the law of the land.
The defaulters will be required to pay following up costs,” the statement said. However, by Monday noon November 14, 2016 no name was displayed on HESLB website http://www.heslb.go.tz/.
0 comments:
Post a Comment