The objects of this Bill are to-

(a) establish the Higher Education Loans and Scholarships Board;

(b) establish the Higher Education Loans and Scholarship Fund;

(c) provide for the granting, administration, investment, payment and recovery of loans;

(d) provide for the administration and granting of scholarships;

(e) facilitate the mobilisation of financial resources for loans and scholarships; and

(f) provide for the matters connected with, or incidental, to the foregoing.