The Ministry of Education on Friday morning disassociated itself from an organisation that has been fraudulently operating as a government institution with regard to the students’ loan scheme.
In a press briefing at the Uganda Media Centre, the Education Ministry says the organisation “Under the name “Students’ Education Fund Uganda Grant (SEFU) – Address; Secretariat, P.O.Box 2093, Kla, 0414258882 [email protected]” is fake and warns the public to stay away of such shams.
The Ministry adds that the group has been publishing information in the media and called upon students’ to apply by 28-6-13 and to pay application fees To pay the fees to the following Accounts; M/s. Diamond Trust Bank Ltd, A/c No. 7206952952. Account Name: SEFU Grant.
As a result, some students have been defrauded of their money as others continue to be defrauded.
“The Ministry of Education would like to disassociate itself from these individuals and warns the general public of such shams” a statement from the ministry read in part.
Due to this fraud, Criminal investigations have been commenced to bring the people responsible to book according to the Ministry.
The Ministry has issued guidelines on where the public can get the right information regarding the students loan scheme saying “Authentic information about student loans and scholarships can be obtained from Ministry of Educ & Sports Address; Student Loans Task Force, Min. of Educ. & Sports, Jubilee Insurance Building,Plot 14 Parliamentary Ave. P.O.Box 7093,Kla Min. of Educ. & Sports: Tel: +256-414-234451, +256-414-255300”.
It should be recalled that the government recently proposed student loan scheme, where students will be able to borrow money to pay for their University Education. The student loan scheme will phase out the Gov’t scholarship programme that has been on going.
Under the program, students from both public and private universities will have a chance to get loans from the Government to pay for their education. The students will be expected to sign an undertaking where they will pay back the money with a small interest.
Last month, Finance Minister Maria Kiwanuka during the budget speech announced that she had provided five billion shillings for the commencement of the scheme.