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New Guidelines from HELB to Students Who Missed Loan

New Guidelines from HELB to Students Who Missed Loan

On August 14, the Higher Education Loans Board (HELB) provided clarification regarding how it will distribute funds to more than 2,000 students who requested assistance but lacked National Identity cards.

Chief Executive Charles Ringera said in a statement that the money would be withheld until the student had a valid ID. When applying for a loan through HELB, both the student and their parents must provide their personal identification numbers.

The CEO of HELB emphasized that the board’s options are constrained because it is forbidden by law to issue loans to borrowers who are under the age of 18.

“An ID is important for identifying the identity of the student, especially when they are repaying the loan,” the speaker said.

Additionally, the CEO exhorted students to submit applications for the publicly announced government subsidies, telling them that there were plenty of resources available to meet their demands.

Ringera emphasized the fact that the new funding model was implemented at the perfect time to ensure that every student has access to the materials they need to enhance their education in order to increase his confidence in it.

HELB Sued Regarding New Scholarship Requirement

The assigned funds will still be available to the student if they decide to change their program of study or transfer to a different university, which is a change from the previous arrangement, he added.

More than 285,698 students are expected to enroll in colleges and institutions in September. In order to dispel rumors that some students would be excluded, the CEO of HELB emphasized that all students will be attended to.

The new financial approach divides students into four groups: vulnerable, severely in need, in need, and less in need.

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