CAG flags weak loan recovery, rising HESLB’s dependence on government funding

Dar es Salaam. Tanzania’s Higher Education Students’ Loans Board (HESLB) has become increasingly dependent on government funding over the last five years, a situation that risks the sustainability of higher education financing, a new report reveals.

According to the Controller and Auditor General (CAG) report that covered the 2019/20 to 2023/24 period in HESLB performance, government contributions to the student loans fund rose significantly—from 57 percent of total financing in 2019/20 to 73 percent in 2023/24.