Consider GPA before disbursing the next student loan
Education is an investment, and securing funding for the same can be challenging for vulnerable students. In Malawi, student loans by the Higher Education Students’ Loans and Grants Board (HESLGB), are a popular means to finance higher education. If you are a first-time applicant, all you need to do is to state your parents’ financial standing, pay a sizable processing fee, and once the board determines, a loan is approved or not. That’s how many professionals we see today have financed their studies since the board came into existence in 1985. But while this disbursement approach is ideal given the economic stamina of many Malawians, its drawback is that it doesn’t place some responsibility on the receiving student. That is why when one needs a loan for the next semester, basing it on academic performance, particularly grades, it would make students use it prudently. This approach is ideal because it rewards academic excellence and provides deserving students with the fina...