Higher Education Loans & Scholarship Board (HELSB)

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ABOUT US

What We Do?

The Higher Education Loans and Scholarships Board (HELSB) was established by the Higher Education Loans and Scholarships Act No. 31 of 2016. HELSB replaced the Bursaries Committee which was established by Statutory Instrument No. 182 of 1973 of the Education Act CAP 134 of the Laws of Zambia. HELSB has taken over the administration of student loans and scholarships from the Bursaries Committee.

History & Background

The Higher Education Loans and Scholarships Board (HELSB) was established by the Higher Education Loans and Scholarships Act No. 31 of 2016. HELSB replaced the Bursaries Committee which was established by Statutory Instrument No. 182 of 1973 of the Education Act CAP 134 of the Laws of Zambia. HELSB has taken over the administration of student loans and scholarships from the Bursaries Committee.

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Our Vision

“To administer loans and scholarships for higher education to meet the National demand for Human Capital.”

Our Mission

“A dynamic, visible and accessible provider of loans and scholarships for higher education to eligible Zambians.”

Our Core Values

“In executing the Mission, HELSB is committed to observing the following core values, namely; Courtesy, Integrity, Accountability, Equity, Transparency, Teamwork and Professionalism.”

Important Information to Note

  • The Mandate

    HELSB was established with an additional mandate of sourcing for funds, allocating and disbursing student loans to Zambians pursuing higher education in recognized institutions of higher learning. It also has the mandate to recover all mature loans disbursed since 2004. HELSB is mandated to: - Administer, grant, pay, recover loans and invest; - Administer and grant scholarships; and - Mobilise financial resources for loans and scholarships.

  • Funding

    Currently HELSB depends on funding from the Ministry of Finance as appropriated by Parliament. Over the years, the increased demand for higher education has not matched funding from the Treasury thereby creating pressure on the Board. YEAR FUNDING 2016 K417,436,668.00 2017 K417,436,668.00 2018 K567,000,000.00

  • Objective of the Student Loan Scheme

    The Higher Education Loans and Scholarships Board (HELSB) was established by the Higher Education Loans and Scholarships Act No. 31 of 2016. HELSB replaced the Bursaries Committee which was established by Statutory Instrument No. 182 of 1973 of the Education Act CAP 134 of the Laws of Zambia. HELSB has taken over the administration of student loans and scholarships from the Bursaries Committee.

Investments

Currently HELSB depends on funding from the Ministry of Finance as appropriated by Parliament. Over the years, the increased demand for higher education has not matched funding from the Treasury thereby creating pressure on the Board.

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Partners

HELSB operates in close collaboration with diverse institutions to enhance the efficiency and impact of its initiatives. This collaborative network fosters synergy and strengthens HELSB’s commitment to effective program execution.

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