Government Promises Student Loans Guarantee Of $8 Million

The government has said that it has come up with an $8 Million dollar loan guarantee for tertiary student loans. This, the government said will enable students who cannot afford tertiary education to get assistance from financial institutions without the need for any collateral.

Said Higher and Tertiary Education, Science and Technology Development Minister Professor Amon Murwira:

The reason we have introduced this risk fund is that we want to make sure every student — either privileged or underprivileged — will have access to the loan facility.

In order for education 5.0 to succeed, we need to sort out programme infrastructure, promotions infrastructure, physical and financial infrastructure.

On the financial infrastructure, the loan scheme is one of the ways of making sure that students have access to loans.

HOT DEALS:
itel A70 - (128GB, 3GB RAM) $89,
itel A70 - (256GB, 4GB RAM) $99
itel P40 (128GB, 4GB), (6000mAh) $99
itel P40 (64GB, 4G), (6000mAh) $93
Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika.

WhatsApp: 0783 450 793

The government said that 60 million had been pledged by financial institutions but they required a guarantee from the government in order to implement the scheme.

Related:

• Educational Loans For Tertiary Students To Start This February

• FULL TEXT: Harare Polytechnic Invites Applications For May 2019 Intake

• Zinasu criticises new loans for excluding students whose parents are not formally employed

• RBZ appoints 6 financial institutions to administer student loans

Mor: Sunday Mail