Discontented Success of Higher Education Students’ Loans Scheme in Tanzania
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Date
2014-11
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
African Review
Abstract
In recent years there has been a strong belief among some practitioners and academicians that the students’ Loans scheme in Tanzania performs well. One of the indicators used to measure such performance is the increased enrolments of students. However, evaluating the loans scheme based on quantity is inadequate. Therefore, the present article evaluates the performance of the loans scheme based on its two main objectives namely assisting the poor to access higher education and creating a revolving fund. The article notes poor performance by the scheme. Two observations are evident. Firstly, many students from poor backgrounds are forsaken by private financing of higher education; and secondly, low rates of loan repayments and recovery make the idea of a revolving fund a paradox. The high built-in subsidies; and ineffectiveness of the Loans Board to reduce administrative costs and the rate of default are necessary ailments.
Description
Keywords
Higher Education Financing
Citation
8.1.6 Makulilo, V. (November, 2014) “Discontented Success of Higher Education Students’ Loans Scheme in Tanzania” African Review, Vol. 41, No.2, 2014: 108-135