The Higher Education Loans Board (HELB) Is A State Corporation Under The Ministry Of Higher Education Science And Technology. HELB Was Established By An Act Of Parliament – The Higher Education Loans Board Act, Cap 213A Of 1995.
The Mandate Of HELB Is To Disburse Loans, Bursaries And Scholarship To Students Pursuing Higher Education In Recognized Institutions. HELB Provides Affordable Loans, Bursaries, And Scholarships To Kenyans Pursuing Higher Education.
Key Responsibilities Of The Board Include Sourcing Funds, Establishing, Managing And Awarding Bursaries And Scholarships To Kenyans Pursuing Higher Education In Recognized Institutions.
HELB Is A Body Corporate Capable Of Suing And Being Sued, Owning Property, Entering Into Contracts, Borrowing And Lending Money, And Such Other Acts Necessary To Carry Out Its Mandate.
Section 4 of the HELB Act provides that the Board shall consist of—
Under Section 6 of the HELB Act the functions of the Board are —
The Higher Education Loans Fund is established under Section 11 of the Act for purposes of being managed and administered by the HELB in its mandate.
The object and the purpose of the Fund is to provide funds to be used for granting loans to assist Kenyan students to pursue higher education at such institutions within and outside Kenya, recognized by the Commission for Higher Education.
The Fund receives monies under Section 12 of the Act from -
Any citizen of Kenya who has attained minimum entry requirements and has been admitted to a recognized institution of higher education to a full time course of at least one year’s duration can apply for a HELB Loan. (“Eligible Person” under Section 2 of the Act). This includes TVET students, health students enrolled in either KMTC or Faith based institution, Undergraduate Students, Postgraduate Students (Masters and Doctoral Studies). Doctoral and Masters students are awarded on average Kshs. 200,000 per year. The loans are available to students in both public and private chartered universities. The loans attract interest. Terms and conditions apply. There are also other loan products available such as the Afya Elimu Fund Loan, the Alternative Loan, Civil Servants Training Revolving Fund Loan and the KRA Training Revolving Fund Loan. There are in addition bursaries and scholarships. Visit www.helb.co.ke for more information.
Section 13 of the Act provides that every student wishing to be considered for the grant of a higher education loan shall make an application to the Board in the prescribed form. HELB places advertisements in the print media in which it invites applications for loans. Application forms are downloaded from our website. A processing fee of Kshs 2,000 is payable by each applicant. The Board maintains a deadline and those applications received after the deadline without justifiable reasons are not processed.
Every student who has been awarded a higher education loan is then issued with a Loanee Identification Personal Account Number (L.I.P.A.) by the Board.
HELB releases loan results before the new academic year starts. Thereafter, students who fail to secure a loan or are awarded inadequate amounts are encouraged to appeal. Each appeal is reviewed on its own merit. If one fails to get a loan, the following could be possible reasons:
It is an offence to provide false information during the application process or to obtain a loan based on false information
The conditions for grant of a HELB loan are outlined in section 14. The Board may -
Provided that and subject to the provisions of this section the Board may upon the request by any student to whom a loan has been granted at any time vary -
A loanee is any person who has been granted and education loan. The obligations of loanees are outlined in section 15. A loanee shall be required within one year of completion of his studies or within such a period as the board decides to recall its loan whichever is the earlier;
Any loanee who fails or neglects to satisfy the requirements of subsection within the stipulated time shall, in addition to any other action that the Board may take against him, be guilty of an offence and liable to a fine of not less than five thousand shillings in respect of each loan deduction that remains unpaid, and such fine shall be payable to the Board.
Where a loanee is employed, the loanee’s employer has certain obligations to fulfill. They are outlined in section 16. Every employer shall be required, subject to and in accordance with this Act or any regulations made thereunder—
The Board can exempt a loanee from repaying his loan in the following situations outlined in Section 21:
In order to better the carrying out of activities by the Board the minister may make certain regulations as outlined in section 37 in respect of the following;
Anniversary Towers, 18th Floor,
University Way, P.O. Box 69489 00400
Tel: 254 0711 052 000 Fax: 252330
The basic HELB Services can also be accessed through the following Huduma Centres:
The Services include:
• Receiving Loan application forms on behalf of the Board
• Loan application and disbursement status
• Loan Repayment status and statement
• Compliance certificate issuance.
• General queries regarding HELB products and services
Section 16A provides that the Kenya Revenue Authority (KRA) shall, at the request of the Board, furnish it with the name and address of a borrower or the employer of a borrower, if such information is known to the Authority.
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