The Higher Education Loans Board (HELB) has opened the second and subsequent loan for 2020/2021 financial year
The institution has invited applications from Kenyan students admitted in government-sponsored or self-sponsored programs in public and private universities in Kenya and the East African Community that are recognised by the commission for University Education (CUE).
Speaking to the newspost team the HELB CEO Charles Ringera explained that applying for the loan is very easy now due to the adoption of the HELB mobile app
“After applying for the first time, in the following year, you need to show that you still need the loan. We don’t assume that you automatically need it. The subsequent application is brief where you basically tell us you still need the loan.
“For the very first time, this subsequent loan application is now going to be done seamlessly on the HELB Mobile App, therefore, no need to submit physical hard copy documents at HELB Offices,” he said.
Ringera explained that one has to confirm that he/she is still in session and has not yet differed is one of the terms and conditions which will be applied. Again the amount given for the first time is the same that shall be allocated in the subsequent year.
“In the event, one needs the amount to be reviewed loan review requests must be applied for through a loan appeal form which is available after loan allocations and payments are done which would be later in the year (from October). This is usually announced on our platforms,” the HELB boss conveyed.
Those eligible for the loans are:
- Recent beneficiaries of the undergraduate loan
- Students placed by the Kenya Universities and Colleges Placement Service (KUCCPS) in the local and private universities.
- Bachelor’s degree Self-sponsored, Parallel and Module II students
The Procedure for application
- Download the HELB APP
- Register your details
- Read the notes
- Select the loan application form
- Fill in the details and submit
The mobile number verification fee is Ksh 1 payable via M-Pesa. Airtel and Telkom subscribers will be redirected to the student portal.
Note: You Shouldn’t provide incorrect information which may lead to non-disbursement of funds. Therefore you should be cautious when filling in.
The deadline for application is June 30, 2020.
Ringera explained that after the deadline, the body would process the loan applications for what was traditionally the September semester. “Opening dates (and therefore loan disbursement) will, of course, be dependent on when Learning Institutions will reopen post-Covid-19,” he added.
Subsequent Loan Applications for TVET and Afya Elimu will be announced in due course.
For more queries, applicants are advised to visit the Helb website: www.helb.co.ke
Facebook & Twitter: @HELBpage