How will they pay it off when they end up in Kampala taxi park as degree
holders? Is the problem today really to loan new students? I just get so tired
with these policies pulled out of other countries, it reminds me how The Libyan
Arab Bank for foreign trade and development started to lend money to Ugandans
under Amin, and every one praised it when it was started without a ground work.
100% of all monies lent out by that bank were never paid back. Did we learn a
lesson from that? Nope we are now humping on loan to students. And I can see
Rwandese kids flying in from Kigali to study. What a fracas !!!!!!!!
I am losing my firkin mind !!!!!!
EM
On the 49th
Thé Mulindwas Communication Group
"With Yoweri Museveni and Dr. Kiiza Besigye Uganda is in anarchy"
Kuungana Mulindwa Mawasiliano Kikundi
"Pamoja na Yoweri Museveni na Dk. Kiiza Besigye Uganda ni katika machafuko"
From: [email protected]
[mailto:[email protected]] On Behalf Of edward pojim
Sent: Thursday, June 06, 2013 9:02 PM
To: [email protected]
Subject: RE: [UAH] Students’ loan scheme starts next month
WBK:
I wholeheartedly welcome the student loan scheme.
For one, it will immensely save me some serious shillings. But I think it would
be an act of discrimination if children of supposedly wealthy families that you
listed - lawyers, ministers, generals, etc - are denied the loans.
Now for risk assessment, I would hope that the relevant authorities have
examined all the scenarios to insure the loans, such as amortizing it over a
30-year career lifeline.
Pojim
--- On Thu, 6/6/13, WB Kyijomanyi <[email protected]> wrote:
From: WB Kyijomanyi <[email protected]>
Subject: RE: [UAH] Students’ loan scheme starts next month
To: "[email protected]" <[email protected]>
Date: Thursday, June 6, 2013, 4:10 PM
Folks:
Good idea. Now the govt must immediately abolish statehouse scholarships and
government funding at Universities. All students should fund their education
with loans.
Now the big question: should al students be given loans to all qualified or
only to needy students? I mean should children of ministers, generals, NRM
cadres, lawyers, accountants, doctors, business people etc be eligible? This
issue needs to be debated by Ugandan taxpayers.
Also, could students declare bankruptcy upon graduation? If so, how long should
bankruptcy be held against them? Folks, this is extremely important.
What is the philosophy behind the student loan scheme? It is an idea that is
needs to be fully debate because it is an equity issue.
What would the opposition do? Are they for or against the student loan scheme
etc.? Folks, this is the only way to restore equity in higher education. The
“show me the money” first before admission mentality would disappear.
Incidentally, the distinction between govt and private students would
disappear. All students would self-finance their education.
How much money has been put into the scheme? Which board will run it etc?
WBK
_____
Date: Thu, 6 Jun 2013 23:51:02 +0100
Subject: Re: [UAH] Students’ loan scheme starts next month
From: [email protected]
To: [email protected]
"..... Student loan schemes have been established in at least 50 countries
around the world.
In Africa, they exist in Ghana, South Africa, Kenya, Rwanda and
Tanzania.
In most schemes, students only start paying back once they have
graduated and found a job...."
In Uganda's case at 24% base interest rates - students will lose their land
titles as they will NEVER find a job.
On Thu, Jun 6, 2013 at 11:26 PM, Cliff Musimenta <[email protected]> wrote:
“I was born in a hospital in Mbarara in 1944 and my sister Dr. Florence
Kajubiri was born in 1949,” President Museveni
http://www.newvision.co.ug/news/643671-students-loan-scheme-starts-next-month.html
Cliff Musimenta
MBA, MPM, CPA, CFE, CMA, CFM
13404 Rippling Brook Drive
Silver Spring, MD 20906
USA
Tel.: +1 240 605 1296
Fax.: +1 301 871 0132
Email: [email protected]
“Management is doing things right; leadership is doing the right things,” Peter
F. Drucker.
“Intellectual growth should commence at birth and cease only at death,” Albert
Einstein.
_____
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