HELB Commences Disbursement of Funds to Students
Students in various educational institutions have been enrolled in classes for the newly started academic year for the past two weeks. Many people applied for loans and academic grants from the Higher Education Loans Board (HELB) before the semester began.
To give enough time for processing, verification, allocation, and eventual payout, qualifying applicants should submit their loan applications at least one month before the start of their first semester of study.
14 days prior to the start of the semester, (depending on their qualifications). The board’s intended operations, however, have been derailed by unforeseen difficulties.
Due to this circumstance, student leaders from various institutions have begun to push for quicker HELB loan disbursement, including former University of Nairobi student leader and current Member of Parliament for Embakasi East Babu Owino and Kenya University Students Organization (KUSO) President Anthony Manyara. If the board keeps delaying, they have even vowed to demonstrate in front of the HELB offices.
The allocation for HELB funds was recently increased by the government from 15 billion to 30 billion, increasing the board’s financial capacity to assist more deserving and eligible students. The success of President William Ruto’s education plan is important to him.
Also read: CEO of HELB Makes Stand on Interest Waiver on Principal Amount
The new university finance model has also received the full backing of the government, which will guarantee that all students, regardless of gender, ethnicity, or age, have access to a high-quality education. Ezekiel Machogu, the chief secretary for education, has promised to accommodate all funding applications.
Many applications currently display a “Disbursement in Progress” status, indicating that they have been approved and have passed all authentication phases, including registration, verification, and allocation. The money still needs to be credited to the appropriate bank accounts by HELB.
Most continuing students, who make up about three-quarters of applicants, have batch numbers. The other three batches are anticipated to be paid soon after Batch 5026, which was paid last week. As these procedures are finished, students are asked to be patient.
Students who are having trouble applying for loans are urged to stop by their local Huduma Center or the HELB offices at Nairobi’s Anniversary Towers. In addition, they can email contactcentre@helb.co.ke or call 0711052000 to get in touch with HELB.
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