\u00a0<\/p>\n
\n
HIGHER EDUCATION STUDENTS FINANCING ACT.<\/p>\n
ARRANGEMENT OF SECTIONS<\/b><\/p>\n
\u00a0\u00a0\u00a0Section<\/p>\n
PART I
PRELIMINARY.<\/p>\n
\u00a0\u00a0\u00a01.\u00a0\u00a0\u00a0Interpretation. <\/a><\/p>\n PART II \u00a0\u00a0\u00a02.\u00a0\u00a0\u00a0Establishment of Higher Education Students Financing scheme. <\/a><\/p>\n PART III \u00a0\u00a0\u00a03.\u00a0\u00a0\u00a0Establishment of Higher Education Students Financing Board. <\/a><\/p>\n \u00a0\u00a0\u00a04.\u00a0\u00a0\u00a0Composition and tenure of the Board. <\/a><\/p>\n \u00a0\u00a0\u00a05.\u00a0\u00a0\u00a0Functions of the Board. <\/a><\/p>\n \u00a0\u00a0\u00a06.\u00a0\u00a0\u00a0Powers of the Minister. <\/a><\/p>\n \u00a0\u00a0\u00a07.\u00a0\u00a0\u00a0Vacating office of member of the Board. <\/a><\/p>\n \u00a0\u00a0\u00a08.\u00a0\u00a0\u00a0Meetings of the Board. <\/a><\/p>\n \u00a0\u00a0\u00a09.\u00a0\u00a0\u00a0Remuneration of members of the Board. <\/a><\/p>\n \u00a0\u00a0\u00a010.\u00a0\u00a0\u00a0Committees of the Board. <\/a><\/p>\n PART IV \u00a0\u00a0\u00a011.\u00a0\u00a0\u00a0Secretariat of the Board. <\/a><\/p>\n \u00a0\u00a0\u00a012.\u00a0\u00a0\u00a0Executive Director. <\/a><\/p>\n \u00a0\u00a0\u00a013.\u00a0\u00a0\u00a0Duties of the Executive Director. <\/a><\/p>\n \u00a0\u00a0\u00a014.\u00a0\u00a0\u00a0Other officers and staff of the Board. <\/a><\/p>\n \u00a0\u00a0\u00a015.\u00a0\u00a0\u00a0Protection of members and officers of the Board. <\/a><\/p>\n PART V \u00a0\u00a0\u00a016.\u00a0\u00a0\u00a0Student loans. <\/a><\/p>\n \u00a0\u00a0\u00a017.\u00a0\u00a0\u00a0Interest on loan. <\/a><\/p>\n \u00a0\u00a0\u00a018.\u00a0\u00a0\u00a0Student scholarships. <\/a><\/p>\n \u00a0\u00a0\u00a019.\u00a0\u00a0\u00a0Bilateral scholarships. <\/a><\/p>\n \u00a0\u00a0\u00a020.\u00a0\u00a0\u00a0Eligibility into the scheme. <\/a><\/p>\n \u00a0\u00a0\u00a021.\u00a0\u00a0\u00a0Application for loan or scholarship. <\/a><\/p>\n \u00a0\u00a0\u00a022.\u00a0\u00a0\u00a0Undertaking by approved applicants. <\/a><\/p>\n PART VI \u00a0\u00a0\u00a023.\u00a0\u00a0\u00a0Repayment of student loan. <\/a><\/p>\n \u00a0\u00a0\u00a024.\u00a0\u00a0\u00a0Student loan repayment schedule. <\/a><\/p>\n \u00a0\u00a0\u00a025.\u00a0\u00a0\u00a0Student loan beneficiary to inform Board. <\/a><\/p>\n \u00a0\u00a0\u00a026.\u00a0\u00a0\u00a0Deductions by employer. <\/a><\/p>\n \u00a0\u00a0\u00a027.\u00a0\u00a0\u00a0Early repayment. <\/a><\/p>\n \u00a0\u00a0\u00a028.\u00a0\u00a0\u00a0Priority of student loan over other deductions. <\/a><\/p>\n PART VII \u00a0\u00a0\u00a029.\u00a0\u00a0\u00a0Higher education students financing Fund. <\/a><\/p>\n \u00a0\u00a0\u00a030.\u00a0\u00a0\u00a0Loan protection fees. <\/a><\/p>\n \u00a0\u00a0\u00a031.\u00a0\u00a0\u00a0Power to open and operate bank accounts. <\/a><\/p>\n \u00a0\u00a0\u00a032.\u00a0\u00a0\u00a0Estimates of income and expenditure. <\/a><\/p>\n \u00a0\u00a0\u00a033.\u00a0\u00a0\u00a0Application of Board funds. <\/a><\/p>\n \u00a0\u00a0\u00a034.\u00a0\u00a0\u00a0Investment of surplus funds. <\/a><\/p>\n \u00a0\u00a0\u00a035.\u00a0\u00a0\u00a0Financial year of the Board. <\/a><\/p>\n \u00a0\u00a0\u00a036.\u00a0\u00a0\u00a0Accounts. <\/a><\/p>\n \u00a0\u00a0\u00a037.\u00a0\u00a0\u00a0Audit. <\/a><\/p>\n PART VIII \u00a0\u00a0\u00a038.\u00a0\u00a0\u00a0False statements by applicants. <\/a><\/p>\n \u00a0\u00a0\u00a039.\u00a0\u00a0\u00a0General penalty. <\/a><\/p>\n \u00a0\u00a0\u00a040.\u00a0\u00a0\u00a0Appeals. <\/a><\/p>\n \u00a0\u00a0\u00a041.\u00a0\u00a0\u00a0Regulations. <\/a><\/p>\n PART IX \u00a0\u00a0\u00a042.\u00a0\u00a0\u00a0Management of existing scholarships. <\/a><\/p>\n \u00a0\u00a0\u00a043.\u00a0\u00a0\u00a0Transfer of assets and liabilities. <\/a><\/p>\n \u00a0\u00a0\u00a044.\u00a0\u00a0\u00a0Amendment of Schedules. <\/a><\/p>\n \u00a0<\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Schedule 1<\/a><\/i>\u00a0\u00a0\u00a0Currency point.<\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Schedule 2<\/a><\/i>\u00a0\u00a0\u00a0Seal of the Board.<\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Schedule 3<\/a><\/i>\u00a0\u00a0\u00a0Meetings of the Board.<\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Schedule 4<\/a><\/i>\u00a0\u00a0\u00a0Undertaking by applicant<\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Schedule 5<\/a><\/i>\u00a0\u00a0\u00a0Loan protection fees.<\/p>\n \u00a0<\/p>\n HIGHER EDUCATION STUDENTS FINANCING ACT.<\/p>\n Commencement:<\/i> 28 February, 2014.<\/p>\n \u00a0\u00a0\u00a0An Act to establish a scheme to finance students to pursue higher education in Uganda; to establish the Higher Education Students Financing Board; to establish a Fund to finance the scheme; to provide for the management and administration of the scheme and the fund; and for related matters.<\/b><\/p>\n \u00a0<\/p>\n PART I \u00a0<\/p>\n <\/a>1.\u00a0\u00a0\u00a0Interpretation.<\/p>\n In this Act, unless the context otherwise requires\u2014<\/p>\n \u00a0\u00a0\u00a0“Board”<\/b> means the Higher Education Students Financing Board;<\/p>\n \u00a0\u00a0\u00a0“currency point”<\/b> has the value assigned to it in Schedule 1;<\/p>\n \u00a0\u00a0\u00a0“employment”<\/b> means a contract of service between the employer and the employee and includes a person on self-employment;<\/p>\n \u00a0\u00a0\u00a0“functional fees”<\/b> includes registration fees, examination fees, library fees, clearance fees, fees for identity cards, medical fees;<\/p>\n \u00a0\u00a0\u00a0“Fund”<\/b> means the higher education students financing Fund established under section 29;<\/p>\n \u00a0\u00a0\u00a0“higher education”<\/b> means a post secondary education course of study or programme leading to the award of a certificate, diploma or degree;<\/p>\n \u00a0\u00a0\u00a0“Minister”<\/b> means the Minister responsible for education;<\/p>\n \u00a0\u00a0\u00a0“scheme”<\/b> means the higher education students financing scheme established under section 2.<\/p>\n \u00a0<\/p>\n PART II \u00a0<\/p>\n <\/a>2.\u00a0\u00a0\u00a0Establishment of Higher Education Students Financing Scheme.<\/p>\n \u00a0\u00a0\u00a0(1) There is established a scheme to be known as the Higher Education Students Financing Scheme.<\/p>\n \u00a0\u00a0\u00a0(2) The scheme shall consist of loans and scholarships provided to eligible students to pursue higher education.<\/p>\n \u00a0\u00a0\u00a0(3) The scheme shall be managed by the Board.<\/p>\n \u00a0<\/p>\n PART III \u00a0<\/p>\n <\/a>3.\u00a0\u00a0\u00a0Establishment of Higher Education Students Financing Board.<\/p>\n \u00a0\u00a0\u00a0(1) There is established the Higher Education Students Financing Board.<\/p>\n \u00a0\u00a0\u00a0(2) The Board is a body corporate with perpetual succession and a common seal and may for the purposes of discharging its functions under this Act\u2014<\/p>\n \u00a0\u00a0\u00a0(a<\/i>)\u00a0\u00a0\u00a0acquire, hold or dispose of movable and immovable property;<\/p>\n \u00a0\u00a0\u00a0(b<\/i>)\u00a0\u00a0\u00a0sue and be sued in its corporate name; and<\/p>\n \u00a0\u00a0\u00a0(c<\/i>)\u00a0\u00a0\u00a0do all acts and things that a body corporate may lawfully do.<\/p>\n \u00a0\u00a0\u00a0(3) The seal of the Board shall be authenticated in accordance with Schedule 2.<\/p>\n \u00a0<\/p>\n <\/a>4.\u00a0\u00a0\u00a0Composition and tenure of the Board.<\/p>\n \u00a0\u00a0\u00a0(1) The Board shall consist of the following\u2014<\/p>\n \u00a0\u00a0\u00a0(a<\/i>)\u00a0\u00a0\u00a0one person with at least 10 years experience in management, who shall be the chairperson;<\/p>\n \u00a0\u00a0\u00a0(b<\/i>)\u00a0\u00a0\u00a0a representative of the National Council for Higher Education nominated by the National Council for Higher Education;<\/p>\n \u00a0\u00a0\u00a0(c<\/i>)\u00a0\u00a0\u00a0a representative of management of institutions of higher education nominated by the vice chancellors forum;<\/p>\n \u00a0\u00a0\u00a0(d<\/i>)\u00a0\u00a0\u00a0a representative of the Ministry responsible for education in charge of higher education;<\/p>\n \u00a0\u00a0\u00a0(e<\/i>)\u00a0\u00a0\u00a0a representative of the Ministry responsible for finance;<\/p>\n \u00a0\u00a0\u00a0(f<\/i>)\u00a0\u00a0\u00a0a representative of employers nominated by a recognised employers umbrella association;<\/p>\n \u00a0\u00a0\u00a0(g<\/i>)\u00a0\u00a0\u00a0a representative of students nominated by a recognised umbrella students association;<\/p>\n \u00a0\u00a0\u00a0(h<\/i>)\u00a0\u00a0\u00a0a representative of workers nominated by a recognised workers organisation;<\/p>\n \u00a0\u00a0\u00a0(i<\/i>)\u00a0\u00a0\u00a0a representative of Persons with Disabilities nominated by a recognised national umbrella body of persons with disabilities; and<\/p>\n \u00a0\u00a0\u00a0(j<\/i>)\u00a0\u00a0\u00a0the Executive Director who shall be an ex officio<\/i> member of the board and shall be secretary to the Board.<\/p>\n \u00a0\u00a0\u00a0(2) The members of the Board shall be persons of high moral character and proven integrity.<\/p>\n \u00a0\u00a0\u00a0(3) The chairperson and members of the Board shall be appointed by the Minister.<\/p>\n \u00a0\u00a0\u00a0(4) At least one third of membership of the board shall compose of women.<\/p>\n \u00a0\u00a0\u00a0(5) A chairperson or member of the Board shall hold office for four years and shall be eligible for reappointment for only one more term.<\/p>\n \u00a0<\/p>\n <\/a>5.\u00a0\u00a0\u00a0Functions of the Board.<\/p>\n \u00a0\u00a0\u00a0(1) The functions of the Board are\u2014<\/p>\n \u00a0\u00a0\u00a0(a<\/i>)\u00a0\u00a0\u00a0to manage the higher education students financing scheme;<\/p>\n \u00a0\u00a0\u00a0(b<\/i>)\u00a0\u00a0\u00a0to administer the Fund;<\/p>\n \u00a0\u00a0\u00a0(c<\/i>)\u00a0\u00a0\u00a0to provide financial assistance to eligible students under this Act;<\/p>\n \u00a0\u00a0\u00a0(d<\/i>)\u00a0\u00a0\u00a0to establish a loan protection fund for loans granted to a student under this Act;<\/p>\n \u00a0\u00a0\u00a0(e<\/i>)\u00a0\u00a0\u00a0to determine the number of eligible students to benefit from the scheme;<\/p>\n \u00a0\u00a0\u00a0(f<\/i>)\u00a0\u00a0\u00a0to explore modalities for resource mobilisation for the scheme;<\/p>\n \u00a0\u00a0\u00a0(g<\/i>)\u00a0\u00a0\u00a0to perform any other function that is incidental or connected to the objects of the Board; and<\/p>\n \u00a0\u00a0\u00a0(h<\/i>)\u00a0\u00a0\u00a0to establish and maintain collaboration and network with other persons, bodies, or organisations within or outside Uganda as the board may consider appropriate, for the furtherance of the purpose of the scheme.<\/p>\n \u00a0\u00a0\u00a0(<\/p>\n {mprestriction ids=”1,2,3″}<\/p>\n 2) The Board shall, at least once every three months, after the end of each calendar year or at the request of the Minister, submit to the Minister a report on the performance of its functions.<\/p>\n \u00a0\u00a0\u00a0(3) The Minister shall lay the annual report of the Board before Parliament.<\/p>\n \u00a0<\/p>\n <\/a>6.\u00a0\u00a0\u00a0Powers of the Minister.<\/p>\n \u00a0\u00a0\u00a0(1) The Minister may, in writing, give policy guidelines to the Board regarding the performance of its functions.<\/p>\n \u00a0\u00a0\u00a0(2) The Board shall comply with the policy guidelines given by the Minister under this section.<\/p>\n \u00a0<\/p>\n <\/a>7.\u00a0\u00a0\u00a0Vacating office of member of the Board.<\/p>\n \u00a0\u00a0\u00a0(1) A member of the Board may resign his or her office by a one month notice in writing addressed to the Minister.<\/p>\n \u00a0\u00a0\u00a0(2) A member of the Board may be removed from office by the Minister on any of the following grounds\u2014<\/p>\n \u00a0\u00a0\u00a0(a<\/i>)\u00a0\u00a0\u00a0absence for three consecutive meetings of the Board without notice to the Chairperson or without reasonable cause;<\/p>\n \u00a0\u00a0\u00a0(b<\/i>)\u00a0\u00a0\u00a0ceasing to hold the position under which he or she was appointed to the board;<\/p>\n \u00a0\u00a0\u00a0(c<\/i>)\u00a0\u00a0\u00a0if convicted of a criminal offence;<\/p>\n \u00a0\u00a0\u00a0(d<\/i>)\u00a0\u00a0\u00a0is declared insolvent;<\/p>\n \u00a0\u00a0\u00a0(e<\/i>)\u00a0\u00a0\u00a0inability to perform his or her function arising out of physical or mental incapacity;<\/p>\n \u00a0\u00a0\u00a0(f<\/i>)\u00a0\u00a0\u00a0misconduct or misbehaviour; or<\/p>\n \u00a0\u00a0\u00a0(g<\/i>)\u00a0\u00a0\u00a0incompetence.<\/p>\n \u00a0<\/p>\n <\/a>8.\u00a0\u00a0\u00a0Meetings of the Board.<\/p>\n \u00a0\u00a0\u00a0(1) The Board shall meet at least once every three months for purposes of discharging its functions.<\/p>\n \u00a0\u00a0\u00a0(2) The meetings of the Board shall be conducted in accordance with Schedule 3.<\/p>\n \u00a0<\/p>\n <\/a>9.\u00a0\u00a0\u00a0Remuneration of members of the Board.<\/p>\n \u00a0\u00a0\u00a0The members of the Board may be paid allowances approved by the Minister in consultation with the Minister responsible for public service and the Minister responsible for finance.<\/p>\n \u00a0<\/p>\n <\/a>10.\u00a0\u00a0\u00a0Committees of the Board.<\/p>\n \u00a0\u00a0\u00a0(1) The Board may appoint committees for the better carrying out of its functions.<\/p>\n \u00a0\u00a0\u00a0(2) A Committee appointed under sub section (1) shall exercise specific powers or perform specific functions as the board may determine.<\/p>\n \u00a0\u00a0\u00a0(3) A committee appointed under subsection (1) shall consist of a chairperson the chairperson other than the board chairperson and other members of the Board, as the Board may determine.<\/p>\n \u00a0\u00a0\u00a0(4) A committee may invite any person to attend any of its meetings and may co-opt any competent person to the committee but that person shall not vote on any matter before the committee.<\/p>\n \u00a0\u00a0\u00a0(5) A member of a committee appointed under this section may be paid allowances as the Board may, with the written approval of the Minister, determine.<\/p>\n \u00a0\u00a0\u00a0(6) Subject to any direction given by the Board, a committee appointed under this section may regulate its own procedure.<\/p>\n \u00a0<\/p>\n PART IV \u00a0<\/p>\n <\/a>11.\u00a0\u00a0\u00a0Secretariat of the Board.<\/p>\n \u00a0\u00a0\u00a0(1) The Board shall have a secretariat which shall be responsible for the day-to-day operations of the scheme and implementing the decisions of the Board.<\/p>\n \u00a0\u00a0\u00a0(2) The secretariat shall be headed by a full time Executive Director.<\/p>\n \u00a0<\/p>\n <\/a>12.\u00a0\u00a0\u00a0Executive Director.<\/p>\n \u00a0\u00a0\u00a0(1) The Executive Director shall be appointed by the Minister on the recommendation of the Board.<\/p>\n \u00a0\u00a0\u00a0(2) The Executive Director shall be a person of high moral character with proven integrity and shall have at least 10 years working experience, with at least five years in higher education management and financial management.<\/p>\n \u00a0\u00a0\u00a0(3) The Executive Director shall hold office for five years and shall be eligible for reappointment for only one more term.<\/p>\n \u00a0\u00a0\u00a0(4) A person shall cease to hold the office of Executive Director if that person\u2014<\/p>\n \u00a0\u00a0\u00a0(a<\/i>)\u00a0\u00a0\u00a0resigns his or her office by notice in writing addressed to the Minister;<\/p>\n \u00a0\u00a0\u00a0(b<\/i>)\u00a0\u00a0\u00a0is declared insolvent;<\/p>\n \u00a0\u00a0\u00a0(c<\/i>)\u00a0\u00a0\u00a0is convicted of a criminal offence;<\/p>\n \u00a0\u00a0\u00a0(d<\/i>)\u00a0\u00a0\u00a0is removed from office by the Minister on the recommendation of the Board for\u2014<\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(i)\u00a0\u00a0\u00a0continuously and persistently being unable to discharge the functions of the office of Executive Director due to infirmity of body or mind;<\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(ii)\u00a0\u00a0\u00a0failing to disclose to the Board any interest in a contract or proposed contract or any other matter connected to the Board;<\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(iii)\u00a0\u00a0\u00a0misbehaviour or misconduct;<\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(iv)\u00a0\u00a0\u00a0incompetence.<\/p>\n \u00a0<\/p>\n <\/a>13.\u00a0\u00a0\u00a0Duties of the Executive Director.<\/p>\n \u00a0\u00a0\u00a0(1) Subject to this Act and to the general supervision of the Board, the Executive Director is the chief executive officer of the Board and is responsible for\u2014<\/p>\n \u00a0\u00a0\u00a0(a<\/i>)\u00a0\u00a0\u00a0implementing the policies and programmes agreed upon by the Board;<\/p>\n \u00a0\u00a0\u00a0(b<\/i>)\u00a0\u00a0\u00a0managing financial, human and physical resources of the Board;<\/p>\n \u00a0\u00a0\u00a0(c<\/i>)\u00a0\u00a0\u00a0keeping the Board informed of the activities of the scheme;<\/p>\n \u00a0\u00a0\u00a0(d<\/i>)\u00a0\u00a0\u00a0keeping record of all the transactions of the scheme and the Board;<\/p>\n \u00a0\u00a0\u00a0(e<\/i>)\u00a0\u00a0\u00a0performing any other function as determined by the Board;<\/p>\n \u00a0\u00a0\u00a0(f<\/i>)\u00a0\u00a0\u00a0mobilising resources for the Scheme.<\/p>\n \u00a0\u00a0\u00a0(2) In the performance of his or her duties the Executive Director is answerable to the Board.<\/p>\n \u00a0<\/p>\n <\/a>14.\u00a0\u00a0\u00a0Other officers and staff of the Board.<\/p>\n \u00a0\u00a0\u00a0(1) There shall be officers and staff of the Board as may be necessary for the effective performance of the functions of the Board.<\/p>\n \u00a0\u00a0\u00a0(2) The officers and staff of the Board shall be appointed by the Board on such terms and conditions as the Board shall determine.<\/p>\n \u00a0\u00a0\u00a0(3) Without prejudice to the generality of sub section (2), the Board may provide for payment of salaries, allowances, pensions, gratuities or other retirement benefits to its officers and employees, and may require them to contribute to any pension, provident fund or superannuation scheme.<\/p>\n \u00a0<\/p>\n <\/a>15.\u00a0\u00a0\u00a0Protection of members and officers of the Board.<\/p>\n \u00a0\u00a0\u00a0A member or officer of the Board or a person acting on the directions of the Board is not personally liable for any act or omission done or omitted to be done in good faith in the exercise of his or her duties under the provisions of this Act.<\/p>\n \u00a0<\/p>\n PART V \u00a0<\/p>\n <\/a>16.\u00a0\u00a0\u00a0Student loans.<\/p>\n \u00a0\u00a0\u00a0(1) A loan shall cover the following\u2014<\/p>\n \u00a0\u00a0\u00a0(a<\/i>)\u00a0\u00a0\u00a0tuition fees;<\/p>\n \u00a0\u00a0\u00a0(b<\/i>)\u00a0\u00a0\u00a0functional fees;<\/p>\n \u00a0\u00a0\u00a0(c<\/i>)\u00a0\u00a0\u00a0research expenses;<\/p>\n \u00a0\u00a0\u00a0(d<\/i>)\u00a0\u00a0\u00a0aids and appliances for persons with disabilities.<\/p>\n \u00a0\u00a0\u00a0(2) A loan may include specific amounts in respect of accommodation or meals, where the board determines that the funds are sufficient, based on the needs of each student, in addition to fees prescribed in subsection (1).<\/p>\n \u00a0\u00a0\u00a0(3) The Minister shall on the recommendation of the Board by statutory instrument determine the amount for each of the items referred to in subsection (1) and (2) annually.<\/p>\n \u00a0\u00a0\u00a0(4) The Board shall publish the amount determined by the Minister under subsection (3) in the National Gazette<\/i> and at least two newspapers of wide national coverage.<\/p>\n \u00a0\u00a0\u00a0(5) Where a student changes from the scheme or course for which the loan was granted, the student shall within 14 days after the institution approves the change, notify the Board of the change of programme or course.<\/p>\n \u00a0\u00a0\u00a0(6) The Board shall not be responsible for any additional fees required or incurred as a result of the change in course or programme.<\/p>\n \u00a0<\/p>\n <\/a>17.\u00a0\u00a0\u00a0Interest on loan.<\/p>\n \u00a0\u00a0\u00a0(1) Every student loan shall be repayable with interest.<\/p>\n \u00a0\u00a0\u00a0(2) The interest shall be determined by the Minister in consultation with the Minister responsible for finance.<\/p>\n \u00a0<\/p>\n <\/a>18.\u00a0\u00a0\u00a0Student scholarships.<\/p>\n \u00a0\u00a0\u00a0(1) A student scholarship shall be awarded to an eligible student to pursue higher education in a field of study determined by the Board as critical to national and economic development.<\/p>\n \u00a0\u00a0\u00a0(2) In determining the fields of study, the Board shall be guided by key development areas as specified in the National Development Plan.<\/p>\n \u00a0\u00a0\u00a0(3) A scholarship may cover the following\u2014<\/p>\n \u00a0\u00a0\u00a0(a<\/i>)\u00a0\u00a0\u00a0tuition fees;<\/p>\n \u00a0\u00a0\u00a0(b<\/i>)\u00a0\u00a0\u00a0functional fees;<\/p>\n \u00a0\u00a0\u00a0(c<\/i>)\u00a0\u00a0\u00a0books and reading materials;<\/p>\n \u00a0\u00a0\u00a0(d<\/i>)\u00a0\u00a0\u00a0accommodation fees;<\/p>\n \u00a0\u00a0\u00a0(e<\/i>)\u00a0\u00a0\u00a0meals;<\/p>\n \u00a0\u00a0\u00a0(f<\/i>)\u00a0\u00a0\u00a0research fees;<\/p>\n \u00a0\u00a0\u00a0(g<\/i>)\u00a0\u00a0\u00a0aids, appliances and personnel assistance for persons with disabilities; and<\/p>\n \u00a0\u00a0\u00a0(h<\/i>)\u00a0\u00a0\u00a0other expenses as may be determined by the Board and approved by the Minister.<\/p>\n \u00a0\u00a0\u00a0(4) The Minister shall on the recommendation of the Board by statutory instrument determine the amount for each of the items referred to in subsection (3).<\/p>\n \u00a0\u00a0\u00a0(5) The Board shall publish the amount determined by the Minister under subsection (3) in at least two newspapers of wide national coverage.<\/p>\n \u00a0\u00a0\u00a0(6) A student scholarship shall be non-refundable by the beneficiary, except where a student\u2014<\/p>\n \u00a0\u00a0\u00a0(a<\/i>)\u00a0\u00a0\u00a0abandons the course without reasonable cause;<\/p>\n \u00a0\u00a0\u00a0(b<\/i>)\u00a0\u00a0\u00a0changes to a course not approved by the Board; or<\/p>\n \u00a0\u00a0\u00a0(c<\/i>)\u00a0\u00a0\u00a0fails to comply with any other terms and conditions of the scholarship as may be determined by the Board.<\/p>\n \u00a0\u00a0\u00a0(7) A student scholarship shall only be used for the course for which the scholarship has been awarded and shall not be transferable.<\/p>\n \u00a0\u00a0\u00a0(8) A student scholarship may be terminated by the Board at any time where the student performs or omits to perform an act or omission which violates the terms and conditions of the scholarship as determined by the Board.<\/p>\n \u00a0\u00a0\u00a0(9) The board may bond the beneficiary to the scheme for a specified period, as the Minister may, by statutory instrument determine.<\/p>\n \u00a0\u00a0\u00a0(10) External scholarships shall only be awarded to students who qualify for academic programmes that are not offered in institutions of higher learning within Uganda.<\/p>\n \u00a0<\/p>\n <\/a>19.\u00a0\u00a0\u00a0Bilateral scholarships.<\/p>\n \u00a0\u00a0\u00a0Bilateral scholarships may be awarded subject to conditions agreed upon by the donor country and the Government of Uganda.<\/p>\n \u00a0<\/p>\n <\/a>20.\u00a0\u00a0\u00a0Eligibility into the scheme.<\/p>\n \u00a0\u00a0\u00a0(1) The scheme is only for Ugandan students seeking financial assistance to pursue an accredited course of study or programme of higher education in an accredited institution of higher learning recognised by the National Council for Higher Education.<\/p>\n \u00a0\u00a0\u00a0(2) In determining the eligibility into the scheme, the Board shall take into consideration the following\u2014<\/p>\n \u00a0\u00a0\u00a0(a<\/i>)\u00a0\u00a0\u00a0regional balance;<\/p>\n \u00a0\u00a0\u00a0(b<\/i>)\u00a0\u00a0\u00a0gender;<\/p>\n \u00a0\u00a0\u00a0(c<\/i>)\u00a0\u00a0\u00a0socioeconomic needs; and<\/p>\n \u00a0\u00a0\u00a0(d<\/i>)\u00a0\u00a0\u00a0equity.<\/p>\n \u00a0\u00a0\u00a0(3) The Board may, by notice in the Gazette<\/i> and a newspaper of wide national coverage, declare the programmes or courses of study to be funded in a particular academic year.<\/p>\n \u00a0\u00a0\u00a0(4) In determining the programmes or courses of study referred to in subsection (2), the Board shall take into account government policy regarding higher education.<\/p>\n \u00a0<\/p>\n <\/a>21.\u00a0\u00a0\u00a0Application for loan or scholarship.<\/p>\n \u00a0\u00a0\u00a0(1) an eligible student may, in a manner prescribed by the board apply to the board for a loan or scholarship.<\/p>\n \u00a0\u00a0\u00a0(2) Upon receipt of the application, the Board shall investigate and verify the information contained in the application.<\/p>\n \u00a0\u00a0\u00a0(3) The Board shall within 21 working days determine the application and\u2014<\/p>\n \u00a0\u00a0\u00a0(a<\/i>)\u00a0\u00a0\u00a0notify the applicant of the decision of the Board;<\/p>\n \u00a0\u00a0\u00a0(b<\/i>)\u00a0\u00a0\u00a0publish the list of all approved applicants on the website of the Board, in the gazette<\/i> and at least two newspapers of wide national coverage.<\/p>\n \u00a0\u00a0\u00a0(4) Where the Board rejects an application, the Board shall give reasons to the applicant in writing where necessary.<\/p>\n \u00a0\u00a0\u00a0(5) A person aggrieved by a decision of the Board may appeal to the Minister within seven days after receipt of the notification in subsection (4).<\/p>\n \u00a0\u00a0\u00a0(6) The Minister shall determine the appeal within 14 days after receiving the appeal.<\/p>\n \u00a0<\/p>\n <\/a>22.\u00a0\u00a0\u00a0Undertaking by approved applicants.<\/p>\n \u00a0\u00a0\u00a0(1) The Board shall within seven days after the notification and publication referred to in section 21 invite the approved applicants to enter into an undertaking with the Board.<\/p>\n \u00a0\u00a0\u00a0(2) The undertaking shall be as specified in Schedule 4 and shall specify the amount of the loan approved or scholarship awarded to the applicant.<\/p>\n \u00a0<\/p>\n PART VI \u00a0<\/p>\n <\/a>23.\u00a0\u00a0\u00a0Repayment of student loan.<\/p>\n \u00a0\u00a0\u00a0(1) A person who has received a student loan shall start repaying the loan with the specified interest at least one year after completing the higher education for which the loan was given.<\/p>\n \u00a0\u00a0\u00a0(2) For the avoidance of doubt, subsection (1) shall apply whether the person is employed or not.<\/p>\n \u00a0\u00a0\u00a0(3) Without prejudice to subsection (1) a person who has received a student loan may start repaying the loan before the time specified in subsection (1).<\/p>\n \u00a0\u00a0\u00a0(4) The Board shall within 30 days after the time specified in subsection (1), in writing inform the person who received a student loan to start repayment as required by this Act.<\/p>\n \u00a0\u00a0\u00a0(5) Where a person has no income for the repayment of the student loan, the person shall within 14 days after receiving the notice under subsection (4) in the prescribed manner, inform the Board accordingly.<\/p>\n \u00a0\u00a0\u00a0(6) The Board may after verifying the information contained in the notice under subsection (4), extend the time under subsection (1) in respect of that person.<\/p>\n \u00a0<\/p>\n <\/a>24.\u00a0\u00a0\u00a0Student loan repayment schedule.<\/p>\n \u00a0\u00a0\u00a0(1) The Board shall determine the schedule and installments for the repayment of the student loan and shall notify the person and the employer of the rate of deduction in respect of that person.<\/p>\n \u00a0\u00a0\u00a0(2) The repayment of a student loan shall be charged on the salary or wages or income of the person who received the student loan.<\/p>\n \u00a0<\/p>\n <\/a>25.\u00a0\u00a0\u00a0Student loan beneficiary to inform the Board.<\/p>\n \u00a0\u00a0\u00a0(1) A person who has benefited from a student loan shall within 14 days inform the Board of any employment in which the person is engaged.<\/p>\n \u00a0\u00a0\u00a0(2) A person who contravenes the provision of this section commits an offence and is liable on conviction to a fine not exceeding 50 currency points or imprisonment of six months or both.<\/p>\n \u00a0<\/p>\n <\/a>26.\u00a0\u00a0\u00a0Deductions by employer.<\/p>\n \u00a0\u00a0\u00a0(1) Every employer who employs a person, whose loan is due for repayment, shall, every month deduct the amount specified by the Board from the salary or income of that person for purposes of repaying the student loan.<\/p>\n \u00a0\u00a0\u00a0(2) A deduction under subsection (1) shall not exceed 30 percent of the net salary or income of the employee.<\/p>\n \u00a0\u00a0\u00a0(3) A person who employs a person who has received a student loan shall within 14 days, in the prescribed form, notify the Board specifying the position and salary of the person.<\/p>\n \u00a0\u00a0\u00a0(4) For purposes of this section, the Board may direct an employer to deduct a specified amount from the salary of an employee where the employer or employee has not informed the Board of the employment.<\/p>\n \u00a0\u00a0\u00a0(5) An employer who knowingly does not\u2014<\/p>\n \u00a0\u00a0\u00a0(a<\/i>)\u00a0\u00a0\u00a0deduct or remit the loan repayments in accordance with this section;<\/p>\n \u00a0\u00a0\u00a0(b<\/i>)\u00a0\u00a0\u00a0notify the Board of the employment of a person who has received a student loan,<\/p>\n commits an offence and is liable on conviction to a fine not exceeding 240 currency points or imprisonment not exceeding 10 years or both.<\/p>\n \u00a0<\/p>\n <\/a>27.\u00a0\u00a0\u00a0Early repayment.<\/p>\n \u00a0\u00a0\u00a0A person who wishes to make early repayment shall repay the student loan in a manner determined by the Board.<\/p>\n \u00a0<\/p>\n <\/a>28.\u00a0\u00a0\u00a0Priority of student loan over other deductions.<\/p>\n \u00a0\u00a0\u00a0(1) Subject to subsection (2) a student loan shall take priority over all deductions.<\/p>\n \u00a0\u00a0\u00a0(2) Taxes and other statutory deductions shall be deducted before deducting any income of the beneficiary, for the repayment of a student loan.<\/p>\n \u00a0<\/p>\n PART VII \u00a0<\/p>\n <\/a>29.\u00a0\u00a0\u00a0Higher education students financing Fund.<\/p>\n \u00a0\u00a0\u00a0(1) There is established a higher education students financing Fund.<\/p>\n \u00a0\u00a0\u00a0(2) The Fund shall consist of\u2014<\/p>\n \u00a0\u00a0\u00a0(a<\/i>)\u00a0\u00a0\u00a0money appropriated by Parliament for the purposes of the scheme;<\/p>\n \u00a0\u00a0\u00a0(b<\/i>)\u00a0\u00a0\u00a0grants, donations, endowments or loans received by the Board;<\/p>\n \u00a0\u00a0\u00a0(c<\/i>)\u00a0\u00a0\u00a0repayments and interest on loans granted;<\/p>\n \u00a0\u00a0\u00a0(d<\/i>)\u00a0\u00a0\u00a0loan protection fees charged in accordance with section 30;<\/p>\n \u00a0\u00a0\u00a0(e<\/i>)\u00a0\u00a0\u00a0fees charged for the services rendered by the Board;<\/p>\n \u00a0\u00a0\u00a0(f<\/i>)\u00a0\u00a0\u00a0proceeds from any investment undertaken by the board.<\/p>\n \u00a0\u00a0\u00a0(3) The Fund shall be administered by the Board.<\/p>\n \u00a0\u00a0\u00a0(4) The Fund shall be used to finance the higher education students financing scheme.<\/p>\n \u00a0<\/p>\n <\/a>30.\u00a0\u00a0\u00a0Loan protection fees.<\/p>\n \u00a0\u00a0\u00a0(1) The Board may levy a loan protection fee on the gross approved loan amount in respect of each student loan.<\/p>\n \u00a0\u00a0\u00a0(2) The amount of the loan protection fees shall be determined by the Minister in consultation with the Minister responsible for finance.<\/p>\n \u00a0\u00a0\u00a0(3) The amount of the loan protection fees shall not exceed the percentage specified in Schedule 5.<\/p>\n \u00a0\u00a0\u00a0(4) The borrower of the funds shall subscribe to a loan protection fee which shall indemnify the borrower against payment of outstanding debt to the fund as a result of death or permanent disability.<\/p>\n \u00a0<\/p>\n <\/a>31.\u00a0\u00a0\u00a0Power to open and operate bank accounts.<\/p>\n \u00a0\u00a0\u00a0(1) The Board shall open and maintain bank accounts as are necessary for the performance of the functions of the Board.<\/p>\n \u00a0\u00a0\u00a0(2) The bank accounts shall be operated in a manner determined by the Board.<\/p>\n \u00a0<\/p>\n <\/a>32.\u00a0\u00a0\u00a0Estimates of income and expenditure.<\/p>\n \u00a0\u00a0\u00a0(1) The Board shall, in not less than two months, before the beginning of each financial year, prepare and submit to the Minister for approval, a budget containing the estimates of income and expenditure of the Board for the next financial year.<\/p>\n \u00a0\u00a0\u00a0(2) The Board shall not incur any expenditure exceeding the budget without the written approval of the Minister.<\/p>\n \u00a0<\/p>\n <\/a>33.\u00a0\u00a0\u00a0Application of Board funds.<\/p>\n \u00a0\u00a0\u00a0(1) The funds of the Board may be applied to the payment or discharge of expenses, obligations, including international obligations, or liabilities incurred in connection with the performance of the functions or exercise of the powers of the Board.<\/p>\n \u00a0\u00a0\u00a0(2) Notwithstanding sub-section(1) the funds of the board may be applied to the payment of any remuneration or allowances payable under this Act.<\/p>\n \u00a0<\/p>\n <\/a>34.\u00a0\u00a0\u00a0Investment of surplus funds.<\/p>\n \u00a0\u00a0\u00a0(1) The Board shall declare to the Minister any surplus funds that the Board may have at the end of the financial year.<\/p>\n \u00a0\u00a0\u00a0(2) Any funds of the Board not immediately required for any purpose under this Act, may be invested\u2014<\/p>\n \u00a0\u00a0\u00a0(a<\/i>)\u00a0\u00a0\u00a0on a fixed deposit account with a bank approved by the Board;<\/p>\n \u00a0\u00a0\u00a0(b<\/i>)\u00a0\u00a0\u00a0in treasury bills and securities of the Government;<\/p>\n \u00a0\u00a0\u00a0(c<\/i>)\u00a0\u00a0\u00a0in any other manner determined by the Board with the approval of the Minister.<\/p>\n \u00a0<\/p>\n <\/a>35.\u00a0\u00a0\u00a0Financial year of the Board.<\/p>\n \u00a0\u00a0\u00a0The financial year of the Board is the period of 12 months beginning on the 1st<\/sup> day of July in each year, and ending on the 30th<\/sup> day of June in the next calendar year.<\/p>\n \u00a0<\/p>\n <\/a>36.\u00a0\u00a0\u00a0Accounts.<\/p>\n \u00a0\u00a0\u00a0(1) The Board shall keep proper books of accounts and all records relating to the transactions and affairs of the Board.<\/p>\n \u00a0\u00a0\u00a0(2) The Board shall within three months after the end of the financial year, prepare annual financial statements for the preceding financial year.<\/p>\n \u00a0\u00a0\u00a0(3) The Board shall within three months after the end of each financial year, submit the annual accounts to the Auditor General.<\/p>\n \u00a0<\/p>\n <\/a>37.\u00a0\u00a0\u00a0Audit.<\/p>\n \u00a0\u00a0\u00a0The Auditor General or an auditor appointed by the Auditor General shall within three months after receipt of the accounts submit to the Minister and Parliament a report on the audited accounts of the Board.<\/p>\n \u00a0<\/p>\n PART VIII \u00a0<\/p>\n <\/a>38.\u00a0\u00a0\u00a0False statements by applicants.<\/p>\n \u00a0\u00a0\u00a0An applicant who makes a false statement to the Board or in any document submitted to the Board commits an offence and is liable on conviction to a fine not exceeding 48 currency points or to imprisonment not exceeding 24 months or to both.<\/p>\n \u00a0<\/p>\n <\/a>39.\u00a0\u00a0\u00a0General penalty.<\/p>\n \u00a0\u00a0\u00a0A person, who contravenes any of the provisions of this Act, where no specific punishment is prescribed, commits an offence and is liable on conviction to a fine not exceeding 50 currency points or imprisonment of six months, or both.<\/p>\n \u00a0<\/p>\n <\/a>40.\u00a0\u00a0\u00a0Appeals.<\/p>\n \u00a0\u00a0\u00a0(1) A person aggrieved by the decision of the Board may appeal to the Minister; and<\/p>\n \u00a0\u00a0\u00a0(2) A person aggrieved by the decision of the Minister may appeal to the High Court within one month.<\/p>\n \u00a0<\/p>\n <\/a>41.\u00a0\u00a0\u00a0Regulations.<\/p>\n \u00a0\u00a0\u00a0(1) The Minister may on the recommendation of the Board, by statutory instrument, make regulations for better carrying into effect the provisions of this Act.<\/p>\n \u00a0\u00a0\u00a0(2) Without prejudice to subsection (1), the Minister may make regulations prescribing the\u2014<\/p>\n \u00a0\u00a0\u00a0(a<\/i>)\u00a0\u00a0\u00a0procedure and form for applying for a loan or scholarship;<\/p>\n \u00a0\u00a0\u00a0(b<\/i>)\u00a0\u00a0\u00a0fees payable for applications or services under this Act;<\/p>\n \u00a0\u00a0\u00a0(c<\/i>)\u00a0\u00a0\u00a0procedure for the disbursement of a loan or scholarship;<\/p>\n \u00a0\u00a0\u00a0(d<\/i>)\u00a0\u00a0\u00a0procedures and mechanisms for early repayment of loans;<\/p>\n \u00a0\u00a0\u00a0(e<\/i>)\u00a0\u00a0\u00a0matters to be taken in to account by the Board when determining applications;<\/p>\n \u00a0\u00a0\u00a0(f<\/i>)\u00a0\u00a0\u00a0form of documents or notices required or provided for this Act;<\/p>\n \u00a0\u00a0\u00a0(g<\/i>)\u00a0\u00a0\u00a0manner of repaying loans by students who do not complete a course of study or programme funded by the Board; and<\/p>\n \u00a0\u00a0\u00a0(h<\/i>)\u00a0\u00a0\u00a0conditions regarding change of programme or course of study.<\/p>\n \u00a0<\/p>\n PART IX \u00a0<\/p>\n <\/a>42.\u00a0\u00a0\u00a0Management of existing scholarships.<\/p>\n \u00a0\u00a0\u00a0(1) All scholarships currently offered by the Government of Uganda, including bilateral scholarships, existing immediately before the commencement of this Act shall vest in the Board.<\/p>\n \u00a0\u00a0\u00a0(2) The central scholarship committee of the Ministry of education and Sports existing immediately before the commencement of this Act shall cease to exist on such a date as the Minister may by statutory instalment publish in the gazette.<\/i><\/p>\n \u00a0<\/p>\n <\/a>43.\u00a0\u00a0\u00a0Transfer of assets and liabilities.<\/p>\n \u00a0\u00a0\u00a0All movable and immovable property, assets and liabilities of the scheme which immediately before the commencement of this Act vested in the student loan task force of the Ministry responsible for Education and Sports shall vest in the Board.<\/p>\n \u00a0<\/p>\n <\/a>44.\u00a0\u00a0\u00a0Amendment of Schedules.<\/p>\n \u00a0\u00a0\u00a0The Minister may by statutory instrument amend a Schedule to this Act.<\/p>\n \u00a0<\/p>\n <\/a>Schedule 1.<\/i><\/p>\n s. 1.<\/p>\n Currency point.<\/p>\n One currency point is equivalent to Twenty thousand shillings.<\/p>\n \u00a0<\/p>\n <\/a>Schedule 2.<\/i><\/p>\n s. 3.<\/p>\n Seal of the Board.<\/p>\n 1.\u00a0\u00a0\u00a0The common seal of the Board shall be determined by the Board and shall be kept in the custody of the Executive Director.<\/p>\n 2.\u00a0\u00a0\u00a0The common seal shall, when affixed to any document, be authenticated by the signatures of the Chairperson and the Executive Director.<\/p>\n 3.\u00a0\u00a0\u00a0In the absence of the Chairperson or when the Chairperson is unable to perform this function, two other members of the Board appointed for that purpose shall sign in the place of the Chairperson.<\/p>\n 4.\u00a0\u00a0\u00a0A person performing the functions of the Executive Director shall sign in the absence of the Executive Director.<\/p>\n 5.\u00a0\u00a0\u00a0A contract or instrument which if entered into or executed by a person not being a body corporate would not be required to be under seal may be entered into or executed without seal on behalf of the Board by the Executive Director or any other person authorised in that behalf by the Board.<\/p>\n 6.\u00a0\u00a0\u00a0Every document including that purporting to be\u2014<\/p>\n \u00a0\u00a0\u00a0(a<\/i>)\u00a0\u00a0\u00a0an instrument issued by the Board and sealed with the common seal of the Board and authenticated in the manner prescribed in paragraphs 2 to 4; or<\/p>\n \u00a0\u00a0\u00a0(b<\/i>)\u00a0\u00a0\u00a0a contract or instrument entered into or executed under paragraph 5, shall be received in evidence as such an instrument without further proof unless the contrary is proved.<\/p>\n \u00a0<\/p>\n <\/a>Schedule 3.<\/i><\/p>\n s. 8(2).<\/p>\n Meetings of the Board.<\/p>\n \u00a0<\/p>\n 1.\u00a0\u00a0\u00a0Meetings of the Board.<\/p>\n \u00a0\u00a0\u00a0(1) Meetings of the Board shall be convened by the Chairperson, and the Board shall meet for the transaction of business at such places and times as may be decided upon by the Board but in any case shall meet at least once every three months.<\/p>\n \u00a0\u00a0\u00a0(2) The Chairperson or, in the absence of the Chairperson, a member appointed by the Board to act in the Chairperson’s place may at any time call a special meeting of the Board and shall call a special meeting upon a written request by a majority of the members of the Board.<\/p>\n \u00a0\u00a0\u00a0(3) The Chairperson shall preside at every meeting of the Board.<\/p>\n \u00a0\u00a0\u00a0(4) In the absence of the Chairperson, the members present may appoint a member from among themselves to preside at that meeting.<\/p>\n \u00a0<\/p>\n 2.\u00a0\u00a0\u00a0Quorum<\/i>.<\/p>\n \u00a0\u00a0\u00a0The quorum<\/i> at a meeting of the Board is five members.<\/p>\n \u00a0<\/p>\n 3.\u00a0\u00a0\u00a0Decisions of the Board.<\/p>\n \u00a0\u00a0\u00a0(1) All questions proposed at a meeting of the Board shall be decided by a simple majority of the votes of the members present and voting; and in, case of an equality of votes, the person presiding shall have a casting vote in addition to that person’s deliberative vote.<\/p>\n \u00a0\u00a0\u00a0(2) A decision may be made by the Board without meetings but by circulation of the relevant papers among the members and by the expression of the views of the majority of the members in writing; however, any member shall be entitled to require that the decision be differed and the matter on which a decision is sought be considered at a meeting of the Board.<\/p>\n \u00a0<\/p>\n 4.\u00a0\u00a0\u00a0Board may co-opt members.<\/p>\n The Board may invite any person to attend any of its meetings as a consultant and may co-opt any person to the Board but that person shall not vote on any matter before the Board.<\/p>\n \u00a0<\/p>\n 5.\u00a0\u00a0\u00a0Declaration of interest.<\/p>\n \u00a0\u00a0\u00a0(1) Any member of the Board having pecuniary of other interest, directly or indirectly in any contract or proposed contract or other matter before the Board shall, at that meeting, declare the nature of such interest and shall not take part in any discussion or vote on that matter, and if the Chairperson directs, the person shall withdraw from that meeting.<\/p>\n \u00a0\u00a0\u00a0(2) The failure of any member of the Board to disclose an interest in any contract or proposed contract or any other matter before the Board will cause the decision of the Board to be voidable at the instance of the other members of the Board, and that member shall be liable to be relieved of his or her duties.<\/p>\n \u00a0\u00a0\u00a0(3) For purposes of determining whether there is a quorum<\/i>, a member withdrawing from a meeting or who is not taking part under subparagraph (1) shall be treated as being present.<\/p>\n \u00a0<\/p>\n 6.\u00a0\u00a0\u00a0Board may regulate its procedure.<\/p>\n \u00a0\u00a0\u00a0Subject to this Act, the Board may regulate its own procedure and may make rules regarding the holding of meetings, notice to be given, the keeping of minutes or any other matter relating to its meetings.<\/p>\n \u00a0<\/p>\n <\/a>Schedule 4.<\/i><\/p>\n s. 22(2).<\/p>\n Undertaking by applicant<\/p>\n HIGHER EDUCATION STUDENTS FINANCING ACT<\/p>\n UNDERTAKING BY THE APPLICANT<\/p>\n (under section 21 of the Higher Education Financing Act, 2013)<\/i><\/p>\n I …………………………………………………………………………………………………………………………… (insert name of applicant<\/i>) acknowledge that the student loan of ………………………………………………………………………………………………………………… (specify amount of loan<\/i>) approved by the Board shall be used to pursue …………………………………………………………………. (specify course or programme of study<\/i>) at …………………………………………………………… (specify institution<\/i>)<\/p>\n I UNDERTAKE to repay the loan with the interest specified by the Board in accordance with Higher Education Students Financing Act.<\/p>\n I further undertake to abide by all obligations imposed upon me by the Board in accordance with the Act.<\/p>\n I understand that in default of repayment, the entire loan amount shall become due and repayable in accordance with the Act.<\/p>\n I consent to the Board sharing any information relating to me which I have submitted to the Board or obtained by the Board with any agency or body for the purpose ensuring repayment of the loan.<\/p>\n Name:………………………………………………………………<\/p>\n Signature………………………………………………………….<\/p>\n Date…………………………………………………………………<\/p>\n \u00a0<\/p>\n <\/a>Schedule 5.<\/i><\/p>\n s. 30(3).<\/p>\n Loan protection fees.<\/p>\n \u00a0\u00a0\u00a0The amount of the loan protection fees shall not exceed one percent of the loan amount.<\/p>\n History<\/i>\u00a0<\/p>\n Legislation\u00a0<\/b><\/i><\/p>\n Number\u00a0<\/b>Act2\/2014{\/mprestriction}<\/p>\n \u00a0 HIGHER EDUCATION STUDENTS FINANCING ACT. ARRANGEMENT OF SECTIONS \u00a0\u00a0\u00a0Section PART IPRELIMINARY. \u00a0\u00a0\u00a01.\u00a0\u00a0\u00a0Interpretation. PART IITHE HIGHER EDUCATION STUDENTS FINANCING SCHEME. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[2655],"tags":[],"class_list":["post-397","post","type-post","status-publish","format-standard","hentry","category-principal-legislation"],"yoast_head":"\n
THE HIGHER EDUCATION STUDENTS FINANCING SCHEME.<\/p>\n
THE HIGHER EDUCATION STUDENTS FINANCING BOARD.<\/p>\n
SECRETARIAT AND STAFF OF THE BOARD.<\/p>\n
LOANS AND SCHOLARSHIPS.<\/p>\n
REPAYMENT OF STUDENT LOANS.<\/p>\n
FINANCIAL PROVISIONS.<\/p>\n
MISCELLANEOUS.<\/p>\n
TRANSITIONAL PROVISIONS.<\/p>\n
PRELIMINARY.<\/p>\n
THE HIGHER EDUCATION STUDENTS FINANCING SCHEME.<\/p>\n
THE HIGHER EDUCATION STUDENTS FINANCING BOARD.<\/p>\n
SECRETARIAT AND STAFF OF THE BOARD.<\/p>\n
LOANS AND SCHOLARSHIPS.<\/p>\n
REPAYMENT OF STUDENT LOANS.<\/p>\n
FINANCIAL PROVISIONS.<\/p>\n
MISCELLANEOUS.<\/p>\n
TRANSITIONAL PROVISIONS.<\/p>\n\n\n
\n \u00a0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n","protected":false},"excerpt":{"rendered":"