Tanzania, April 16 -- Dar es Salaam. The Controller and Auditor General (CAG) has revealed the presence of poor loan recovery methods for higher education students, resulting in the accumulation of a matured loan debt of up to Sh2.10 trillion.

The CAG notes that by June 30, 2023, the Higher Education Students' Loans Board (HESLB) had collected Sh1.29 trillion only (62 percent of all matured loans) since the 2006/07 fiscal year.

This, he says, means that Sh0.81 trillion (38 percent) of matured loans are still outstanding.

Section 6(c) of the Higher Education Students Loans Board Act, Cap. 178, 2008, requires HESLB to administer and supervise the entire process of granting, repaying, and recovering loans issued to students.

The act also...