In terms of decisions on policy issues, the Board is composed of 15 Board Members including the Chairman. The Chairman is answerable to the Minister for Education and Vocational Training.

In terms of management the Board is headed by the Executive Director. Under the Executive Director there are 4 Directors who head 4 directorates namely:-

1. Loan Allocation and Disbursement Directorate.
2. Loan Repayment Directorate.
3. Planning Research and ICT Directorate.
4. Finance and Administration Directorate.

Each Directorate has a number of senior and junior staff who work under each Director.

Also the Board has 4 Independent units namely:

1. Procurement and Supplies
2. Information, Education and Communication 
3. Legal Affairs and
4. Internal Audit

Head of each independent unit is reporting to the Executive Director at a capacity of Assistant Director