Home Student Funds/Bursaries Repay HESFB Loan: Options and Instructions

Repay HESFB Loan: Options and Instructions

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This article contains options and instructions on how to repay HESFB for 2023

Repay HESFB Loan: Options and Instructions

The Higher Education Students’ Financing Board (HESFB) has reminded loan beneficiaries to remit their student loan installments using available options[1]. The student loan repayment deadline was February 28, 2023. HESFB has made the process seamless, with five available options for beneficiaries to make their repayments. These include agent banking, mobile money, bank deposits, standing orders, and employer deductions.

HESFB’s move is part of its mandate to ensure that loans are repaid on time and without difficulty. This process has enabled more students to access higher education and made it easier for beneficiaries to repay their loans.

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The available bank accounts for payments include Centenary Bank and DFCU Bank. To ensure the process is seamless, HESFB advises beneficiaries to use the bank account details provided for the respective banks when making payments.

Loan beneficiaries have been urged to take advantage of the available repayment options, which offer them the flexibility to make their repayments within the set deadline. The board has also urged beneficiaries who may face any challenges in making their payments to contact their office for support.

HESFB’s efforts to provide a seamless repayment process are part of its overall goal to empower students and ensure they have access to higher education. By providing loans to students, the board has enabled many underprivileged students to access quality education, and this has significantly contributed to the country’s overall development.

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HESFB has also partnered with various universities and organizations to provide support to loan beneficiaries. This partnership has enabled the board to provide mentorship and support to students, ensuring that they can excel in their studies and access opportunities that will enable them to repay their loans on time.

In conclusion, the Higher Education Students’ Financing Board’s repayment options aim to support students and ensure that they have access to quality education. The seamless repayment process provides an opportunity for beneficiaries to repay their loans on time and contribute to the board’s overall mission of empowering dreams.

References

  1. Higher Education Students’ Financing Board (HESFB). “As We Come to the End of Month, Checkout the Available Options You Can Pay Back Your Loan Installment:#studentloans2023 #empoweringdreams #repayment @Educ_SportsUg @GCICUganda @UgandaMediaCent @Makerere @kyambogou @Parliament_Ug @KagutaMuseveni @JanetMuseveni Pic.twitter.com/dyr7furicl.” Twitter, 27 Jan. 2023, https://twitter.com/HESFBUG/status/1618923872002412547.
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