Helb pleads with students to take loans

Take loans for higher education- Helb

Helb pleads with students to take loans (courtesy)

The Higher Education Loans Board [HELB] has asked students who sat for their KCSE in 2018 and are yet to report to colleges to apply for Helb loans.

This invite was made to students planning to join universities and TVET institutions ahead of the upcoming school term.

In an effort to ensure more students secure the kitty, application deadlines have also been extended to 31st August 2019 (undergraduate) and 31st October (TVET students).

TVET challenges

Helb is targeting 43,000 TVET students who will benefit from the funds but at the moment only 17,980 applications have been submitted.

"We call upon the students who are yet to print and submit their Loan Application forms to hasten the process before the closure of the extended deadline of 31st October 2019," Helb said in a statement.

After making the application, Helb will verify and disburse the money for a student's tuition and upkeep into their respective bank accounts of Ksh26,400 and Ksh13,600 respectively.

Technical, Vocational & Education Training (TVET) loans and bursaries are awarded to students pursuing technical courses in the public TVET Institutions recognized by the Ministry of Education.

TVETs in Kenya face challenges since they are under the devolved function and county governments don't allocate enough funds to these institutions.

Undergraduate students

Helb has also disbursed Ksh6,768,528,500.00 to 156,283 undergraduate students which will also help in facilitating their transport back to University after their holidays. 

The institution is targeting 171,600 subsequent applicants as they start resuming studies ahead of the 31st August deadline.

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