Assessment of the Factors Affecting Financial Sustainability of Higher Education Students’ Loans Board in Tanzania.

Julius, Makoye A. (2022) Assessment of the Factors Affecting Financial Sustainability of Higher Education Students’ Loans Board in Tanzania. Masters thesis, The Open University of Tanzania.

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Abstract

The overall aim of this study was to assess the factors affecting financial sustainability of HESLB. It specifically, determines the influence of government subvention, cost efficiency, loan repayment and management efficiency of HESLB towards its sustainability. The study was conducted at the head offices of HESLB located in Dar es Salaam region. Researcher selected a sample of 118 respondents by using purposive sampling techniques. The data from the field were collected by using interviews and questionnaires. It was also analyzed by using Statistical Packages of Social Science (SPSS). SPSS was used to run multiple regression analysis which is also based on correlation analysis in order to arrive into conclusions. This study found that factors influencing the sustainability of HESLB includes fund from the government budget; efficient management of the scheme; cost efficiency; current ratio and effective loan payments. It was revealed that HESLB is not financially sustainable to meet the requirement of all beneficiaries while some students fail to obtain loans. In addition, findings reveal that, government subvention, management efficiency, repayment rate and liquidity explain significant 55% variation of the HESLB sustainability. The study concludes that, there is a significant relationship between the influencing factors and the HESLB financial sustainability. The study recommends developing proper policies and mechanisms for increasing funds in ensuring sustainability of the scheme. This involves creating self-sufficient scheme, influencing for good management team, employing and increasing the working personnel, cost cutting for the scheme administration and operational expenses, ensuring effective management of the fund, effective allocation of fund and proper enforcement mechanisms of the laws governing HESLB including imposing penalties and fines to defaulters. Keywords: Means Testing System, Loan Eligibility Criteria and Loans Allocation

Item Type: Thesis (Masters)
Subjects: 600 Technology > 658 Gerneral management
Divisions: Faculty of Business Management > Department of Accounting and Finance
Depositing User: Khadija Katele
Date Deposited: 31 May 2023 15:40
Last Modified: 31 May 2023 15:40
URI: http://repository.out.ac.tz/id/eprint/3820

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