Student loan interest rates slashed – Syakalima
Published On November 28, 2023 » 997 Views» By Times Reporter » Latest News
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. Syakalima

By JAMES KUNDA –
THE Higher Education Loans and Scholarships Board (HELSB) will, with effect from January 1, 2024, implement a five per cent reduction in student loan interest rates.
Education Minister Douglas Syakalima said HELSB had lowered student loan interest rates from 15 per cent to 10 per cent per annum.
“This decision follows consultations with stakeholders and the Ministry of Education, responding to beneficiaries’ calls for a reduction in student loan interest rates,” Mr Syakalima said during a Press briefing in Lusaka yesterday.

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