{"id":41236,"date":"2022-12-07T20:09:53","date_gmt":"2022-12-07T20:09:53","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/all-news\/over-2000-students-miss-out-on-govt-loan-scheme"},"modified":"2022-12-07T20:09:53","modified_gmt":"2022-12-07T20:09:53","slug":"over-2000-students-miss-out-on-govt-loan-scheme","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/over-2000-students-miss-out-on-govt-loan-scheme","title":{"rendered":"Over 2,000 students miss out on govt loan scheme"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>A total of 625 students out 3,089 applicants across the country have been approved to benefit from a Shs2.6b loan scheme, the State Minister for Higher Education, Mr John Chrysostom Muyingo, has said.<\/p>\n

Releasing the list of the beneficiaries in Kampala yesterday, Mr Muyingo said they had intended to approve more students, but were limited by resources.<\/p>\n

Beneficiaries were picked from 12 universities and 37 tertiary institutions.<\/p>\n

Mr Muyingo promised to lobby for more funding to match the increasing demand for the programme.<\/p>\n

\u201cWe recognise that there is a need for more funding to capitalise the Higher Education Students\u2019 Financing Board (HESFB). The demand for the students\u2019 loan has certainly surpassed the available resources,\u201d he said.<\/p>\n

\u201cInitially, the applicants were averaged at 2,000 and the demand is now close to 10,000 applicants. My ministry will seek audience with that of Finance and colleagues in Parliament to lobby for increased funding for the scheme,\u201d he said.<\/p>\n

The minister also encouraged more female students to apply for the scheme.<\/p>\n

\u201cI would like to encourage more female students to apply for the support under the scheme. Despite the affirmative action, which offers female applicants seven extra points, the number of applicants from this gender is still low,\u201d Mr Muyingo said.<\/p>\n

He said only 33 percent of the students are female in this ninth cohort.<\/p>\n

\u201cBut we need to work towards having equal number of ladies and gentlemen benefiting from the scheme. I call upon the selected students to work hard in their studies, remain disciplined and focused,\u201d he added.<\/p>\n

The HESFB opened up the scheme to students in July to October 15. However, Amudat and Karenga districts failed to attract applicants. The board attributed the failure to the poor performance at A-Level.<\/p>\n

According to the HESFB executive director, Mr Michael Wanyama, the board considered regional balance and gender and social-economic status, among others during the selection process.<\/p>\n

\u201cIn line with the law that establishes the scheme, for any applicant to be approved, he or she had to be a Ugandan and admitted for an accredited course of study in a chartered institution of higher learning,\u201d Mr Wanyama said.<\/p>\n

Addressing journalists in Kampala yesterday, the chairperson of HESFB, Mr Charles Wana-Etyem, said the board received 3,089 applicants this academic year compared to 3,167 applicants in the previous year.<\/p>\n

\u201cOut of 3,089 applications, 2,417 were eligible for the scheme. Today (yesterday) we are awarding financial support to 418 male and 207 female students. This brings the total of the ninth cohort of loan scheme beneficiaries to 625 students,\u201d Mr Wana-Etyem said.<\/p>\n

\u201cThis is the number which our current budgetary allocation of Shs2.6b can support for the year 2022\/2023. Therefore, whereas the majority of the applicants were eligible, they were subjected to a uniform scorecard and the loans were awarded to the most needy,\u201d he added.<\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. A total of 625 students out 3,089 applicants across the country have been approved to benefit from a Shs2.6b loan scheme, the State Minister for Higher Education, Mr John Chrysostom Muyingo, has said. Releasing the list of the beneficiaries in Kampala yesterday, Mr Muyingo said they had intended to approve more students, […]<\/p>\n","protected":false},"author":84,"featured_media":41235,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3],"tags":[233,240,234],"class_list":["post-41236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nOver 2,000 students miss out on govt loan scheme - Uganda<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/over-2000-students-miss-out-on-govt-loan-scheme\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Over 2,000 students miss out on govt loan scheme\" \/>\n<meta property=\"og:description\" content=\"Africa-Press – Uganda. A total of 625 students out 3,089 applicants across the country have been approved to benefit from a Shs2.6b loan scheme, the State Minister for Higher Education, Mr John Chrysostom Muyingo, has said. 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