October 20, 2021

edge.ug

we say it the way it is

Govt cancels student loan scheme over lies

0 0
Read Time:1 Minute, 17 Second

Government has cancelled study loans for 47 university students for falsifying their information.

Higher Education Students Financing Board (HESFB) spokesperson, Bob Nuwagira, said some of the students on government loan scheme either lied about disability, death of their parents or forged unspecified documents.

The students are from various public and private universities, including Makerere, Kampala International University, Kabale, Kyambogo, and Ndejje University.

The affected students will sponsor themselves effective the second semester of their year one of study.

“In accordance with Section 38 of the Higher Education Students Financing Act, an applicant who makes a false statement to the board commits an offence. It is against this background that the board decided to terminate your loans with immediate effect,” a letter addressed to one of the beneficiaries read in part.

The government has now finalised arrangements to track them at their jobs to recover the money.

The employer will be obliged to deduct not more than 30 percent of the employee’s net monthly salary and remit the money to Higher Education Students Financing Board.

“An employer who knowingly doesn’t notify the board of the employment of a person who has received a student loan, commits an offence and is liable, on conviction, to a fine not exceeding two hundred and forty currency points (Shs4.8m), or imprisonment not exceeding ten years, or both,” said Nuwagira.

HESFB targets to recover Shs32bn over the next six to 12 years from 3,090 students who have graduated out of the total 11,187 beneficiaries since 2014.

Happy
Happy
0 %
Sad
Sad
100 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %