Students hoping to join institutions of higher learning but with financial difficulties can finally smile after President Museveni assented to the student loan scheme.
Ms Jessica Alupo, the Minister of Education, said they would send a memo to Cabinet so that the board can start appointing technical staff to help implement the scheme. “The President has assented to the student loan scheme. The first beneficiaries will start next semester,” Ms Alupo said on Friday at the closing of Senior one selection in Kampala.
Joweria Namutebi, a student at Kyambogo University, welcomed the move and hopes to apply to benefit from the State’s funds.
“It is a good idea because one studies without interruption knowing you will to repay after studies. Once you get the loan, you struggle to study and finish. You can think of the job to repay the loan later,” Ms Namutebi said.
According to the Daily Monitor, the Ministry of Education student loan scheme board is expected to determine the repayment schedule.
Source: http://www.monitor.co.ug/
