How students can utilize their education loans wisely

Today we talk about how students can utilize their loans wisely, this topic is very important to all students in the world. Our case study will be Tanzanians students. In Tanzania education has been given first priority, The government of Tanzania struggles to make sure all people get the right of being educated, They offer loans for students who join higher education college or universities under certain conditions. To get loan for students from higher education student’s loan board you need to fill the form that will assess you if you are real poor or orphan. Loans are not targeted to rich families, only peasants families are allowed to get higher education loan in Tanzania

how students can utilize their loans wisely

So the team of this blog today saw it is very wise to training all students who get their loan from HESLB in Tanzania. Our shallow research shows many students they finish their allowance fee before the time planed by the loan board, I will tell you why these students fall under this trap keep reading to the end of this post and make sure you share it to whatsapp so that many students get this potential advice during this semester.

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How university students miss use HESLB loan?

Now is the time to know how university students miss use their loan that they get from HESLB Tanzania, I was student like you for three years and I was one of the HESLB loan so what I am talking here I have observed for three years . Students miss use loans by spending that money in different things rather than the target use that is paying for accommodation, stationeries and other important use like buying food that is allowance fee. Here you will see boys or men use the money to seduce girls, they the money to initiate and improve their love affairs while they are in school. This is obvious wrong use. Never use the money to offer girls so that they love you right!

Another misuse is this, some students use the HESLB loan to start small business, my dear business has many challenges you can lose your money on spot. I give you an example one year my friends wanted to invest the HESLB loan in DECI one of the institution that was owned by one of the religion in Tanzania, These students lost their money because DECI was corrupted suddenly without any notice to its customers; the students suffered a lot to continue with studies without money. Here we learn that is very difficult to invest the loan that is directed to education use only

Hello let have a break we will continue with this topic later on. But now you can comment bellow your suggestion or advice or any opinion regarding to this topic thanks and share it on whatsapp click here thanks for sharering i will come back to talk more abaout how students can utilize their loans wisely