Tanzania: HESLB Debtors Rush to Pay Up Overdue Loans

ALMOST half of 142,000 - plus people indebted to the Higher Education Students Loans Board (HESLB) have paid up since December, last year when the Board threatened to publish their names, the 'Daily News' has learnt.

Altogether, 142,470 beneficiaries owe the Board an outstanding 239.3bn/- to pursue tertiary education over the years. The loans board has meanwhile defended the 15 per cent deduction from the salaries of defaulting recipients up from just eight per cent, stressing that the HESLB Act empowers the institution to set the rate in accordance with the prevailing situation.

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