GOVT TO EXTEND HIGHER EDUCATION LOANS TO PRIVATE COLLEGES AND UNIVERSITIES – PROF LUO

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By NATION REPORTER

GOVERNMENT will soon extend student’s loans and scholarships to private colleges and Universities, Minister of higher Education Nkandu Luo has said.

Speaking when she paid a courtesy call on Isoka District Commissioner Evenwell Mutambo on Thursday, Prof Luo said government realised that quality education was key in the development of the nation.

Prof Luo said government recently extended student loans and higher education loans to 5 public institutions.

‘‘Apart from the initial 3 universities that were benefiting from higher education loans government through the Ministry of higher education extended the provision of loans to Palabana,Chalimbana, Mulungushi ,Mukuba and Kwame Nkrumah universities.

And now we are working on modalities and policy frame work to extend these student loan schemes to other public and higher learning institutions to increase the number of students accessing this facility.’’ Prof Luo said. Prof Luo said the extension of higher education loans to private colleges and Universities will be made possible through the recovery of educational loans that the government has embarked on.

She said the ministry has so far started the recovery of loans from the public sector and will soon start the recovery from former students in the financial sector before being extended to the private sector.

‘‘At the moment we have laid the recoveries as we build the system as the first system that we made was able to recover from the public sector because they were the easiest to target and it was very fast to develop the system of tracking and recovery. So the next level we are moving now into is the financial institution then we go on and on.’’She said.

Prof Luo said the Ministry of higher education will next week hold a press briefing to announce what has been recovered so far from student working in the public institutions. And Prof Luo said Isoka trades institute will be opened in September 2019. She said the school has delayed to be operationalized due to delays by the contractor to complete the remaining works.

Prof Luo said the contractor has been cautioned to finish the project by as soon as possible in readiness for opening of the school.

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