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Why 80% on the HELB test is required for students to secure a loan

Why 80% on the HELB test is required for students to secure a loan

According to Charles Ringera, the CEO of HELB, students who want to get financial aid from the institution must first pass a test.

This test’s objective is to classify students and inform them of the funding’s terms and conditions in order to calculate the amount of loans and scholarships that will be awarded.

A minimum exam score of 80% is required for students to be eligible for HELB funding.

According to the classification you are in, the test will outline the payments you must make and tries to make you aware that this is a loan and scholarship.

Current students who are still receiving financial aid under the old financing scheme will likewise be subject to the examinations.

Read this article as well: HELB Issues New Guidance To All University Students

student admission to first-year universities
First-year students will be accepted at Laikipia University on August 23, 2022.

According to Ringera, the test includes questions about loan provisions that students had problems comprehending, like the one-year grace period for debt repayment.

The CEO made it clear that the grace period’s goal is to assist students in adjusting to life after graduation and helping them start their careers.

By noting that loan repayments account for 33% of the board’s budget, Ringera emphasized the significance of loan repayments. Therefore, he recommended loan recipients to keep their word.

Ringera urged Kenyans to take advantage of unauthorized employment opportunities since they might aid individuals seeking work outside the established system.

Students who are enrolling in colleges and universities and seeking financial aid from the government can now apply online through HELB.

Ringera emphasized that the August 27, 2023 deadline for students seeking financial aid from the government.

The budget for the 2023–24 fiscal year allocated Sh30 billion to HELB, an increase from Sh15.8 billion the year before.

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