HESFB Student Loan Notice: Caution against Conmen

The Higher Education Student Financing Board (HESFB) Student Loan Notice: Caution against Conmen

It has come to our notice that some unscrupulous agencies / persons (“bafere”) have taken advantage of the ongoing Loan Application process to defraud innocent Ugandans of their hard earned money purporting to “help students get on to the Student Loan Scheme.”

The High Education Students Financing Board (HESFB) wishes to inform all intending Loan Scheme applicants and the general public that selection of Loan Scheme beneficiaries is carried out through a well-established selection criteria that uses a special “Means Test” comprising of a combination of indicators and other basic considerations to end up at the final list of only the befitting beneficiaries.

This is also coupled with a robust verification exercise to establish consistency of information and eliminate fraud. The advertisement details and selection procedures are also clearly mentioned on our website www.hesfb.go.ug. Therefore, NO PAYMENT SHOULD BE MADE TO ANY INDIVIDUAL FOR PURPOSES OF SECURING THE STUDENT LOAN.

This is to warn you of the above and should you have any related information on these fraudsters, call us on 0392 174 999 or send an email to info@hesfb.go.ug.

Fraudsters are hereby warned that impersonation and extortion are criminal offenses punishable under the laws of Uganda. Issued in the interest of the General Public.