Student loans halted as probe finds over 2,000 'ghosts'

Tanzania has suspended student loans amounting to TZS3.2 billion (US$1.5 million) affecting over 2,000 students, some of whom are believed to be non-existent as they failed to show up during a verification exercise. Media reports said the two-month-long exercise carried out twice was to confirm that the students who were benefiting through the Tanzania’s Higher Education Students’ Loans Board, or HESLB, at various institutions of higher learning actually existed and were legitimate students.