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Higher Education Loans and Scholarships Board – zambia website | Contact Address | Application Form | List
Higher Education Loans and Scholarships Board – zambia website | Contact Address | Application Form | List This Article is Full of Information About HELSB Zambia www.helsb.gov.zm Like How to Apply for Loan or Scholarships,Application Form PDF,List of Loan Awards/awarded students, Stay with Us.
Student Loans
Currently Student Loans are given to Undergraduate Students joining UNZA, CBU, KMU, MKU, MU, CHAU and KNU from secondary schools across the country. The loans cater for tuition and accommodation fees and meal, book and project allowances. The students are required to repay their loans one year after leaving their institutions of learning.
- University of Zambia
- Copperbelt University
- Chalimbana University
- Mulungushi University
- Mukuba University
- Kwame Nkuruma University
- Kapasa Makasa University
HELSB BackGround
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.
The Mandate
HELSB was established with an additional mandate of sourcing for funds, allocating and disbursing student loans to Zambians pursuing higher education in recognized institutions of higher learning. It also has the mandate to recover all mature loans disbursed since 2004.
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.
FUNDING
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 |
HELSB LOAN REPAYMENT AND RECOVERY
HELSB Student Scholarships
HELSB administers scholarships received from friendly nations at Undergraduate, Masters and PhD levels. Selection of candidates for scholarships is based on academic merit. Currently HELSB is supporting over 1,200 students in Algeria, China, Cuba, Cyprus, Czech Republic, Egypt, India, Morocco, Russian Federation, Serbia, Tunisia and Turkey. Further, HELSB administers scholarships from the Commonwealth Scholarship Commission for studies tenable in the United Kingdom at Masters and PhD and levels.
HELSB Contact Details
Location:
Higher Education Loans and Scholarships Board
Second Floor, United Church of Zambia Synod, Mosi-O-Tunya Road,
P.O Box 50464,
Woodlands,Lusaka, Zambia.
Contact Details:
Tel
+260 211-254720
Loan Recoveries Hotline
+260 968 058 811
[email protected] / [email protected]
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