Higher and Tertiary Education, Science and Technology Development Minister Professor Amon Murwira has said that colleges and universities will not be raising tuition fees until the US$20 million student loan facility being initiated by Government is operational.
Murwira stated in an interview after the launch of a modern Information, Communication, and Technology (ICT) infrastructure donated by UNESCO and Republic of Korea at Masvingo Teachers’ College last Friday, that increasing fees in colleges and universities should correspond with an increase in salaries by employers.
He also said that the government’s student loans scheme was almost operational. Murwira said:
As a ministry, we are conscious of the Government’s austerity measures and we would not randomly increase fees in colleges and universities. We do not want to be part of the problem of fuelling inflation through arbitrary fee hikes.
Local banks have agreed on a scheme with the Ministry of Finance and Economic Development. The scheme has seen the Ministry injecting US$10 million, as educational loans and it is almost operational. The money has been deposited with banks and it is expected to increase to US$20 million.
The minister also said that the loan facility was flexible and students would be given more time to make repayments. He said:
The payback time is flexible depending on the capacity of the students plus this will be a revolving fund. So it is when these loans are operational that we can talk of raising fees.
More: The Herald
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Amon Murwira is a Zimbabwean academic. He is currently the Minister of Higher Education, Science and Technology Development. Read More About Amon Murwira
The Ministry of Finance and Economic Development is a government organ which administers the country's fiscal and financial aspects through its respective departments. It has various organs administered by different personnel and these include among other the Reserve Bank of Zimbabwe and the Zimbabwe National... Read More About Ministry of Finance and Economic Development