Helb Loan Status – Pain For Freshers as Helb Delays Cash Disbursement

Helb Loan Status – Pain For Freshers as Helb Delays Cash Disbursement

 Helb Loan Status – Pain For Freshers as Helb Delays Cash Disbursement

47000 students to receive helb money - First-year students who have reported for their second semister to public universities should brace themselves for a life of frugality after the Higher Education Loans Board (Helb) .

    Helb announced to have finally released money for 47,000 first year university students but up to now most of them have not received the actual cash in there banks

     For the third year in a row, Helb is delaying cash to newly students. Chief executive Charles Ringera said the loan application and disbursement cycle was “mutually agreed upon” by the agency, the deans of public universities and the central admissions body.

    However, 9,000 who qualified for the loans have not received the cash as some presented incomplete forms despite meeting all the requirements.

    “We have asked them to complete filling in the forms. They are in need of the money but some forms have not been filled in by guarantors, while other applicants did not submit copies of identity cards,” said Helb Chief Executive Officer Charles Ringera.

    The students who reported to their respective universities in September last year, were supposed to have received the cash by November.

    

    Helb has said it will close the second and subsequent loan applications for first-time applicants by 08 Feb 2015 and, thereafter, take at least three weeks to process their requests. "Thereafter, we take about three weeks to process,” Mr Ringera told the Bright Students Blog.

     It is estimated that eight of every 10 university students admitted under what is popularly is known as “KUCCPS” apply for financial aid from Helb.

    Public universities have already put out stern notices directing students to pay fees in full before registering for courses, attending lectures or taking up hostel rooms; further compounding the matter for bright but needy students who depend entirely on Helb for their schooling.

    “No student will be allowed to attend classes before paying requisite fees in full and/or clearing any arrears,” Kenyatta University said in a notice to first-year students.

Higher Education Loans Board[HELB] To Fund All Regular Students Joining Module 1 [Under 18 Years] Considered On Bill Act Amendiments Of Parliament 2015-08-20 16:33:35
Higher Education Loans Board[HELB] To Fund All Regular Students Joining Module 1 [Under 18 Years] Considered On Bill Act Amendiments Of Parliament

~It will now be Mandatory for the Higher Education Loans Board[HELB] to provide Loans to all regular students in Public universities

~The HELB Bill by Kiharu MP Irungu Kang'ata,which sailed through with amendiments,had sought to have all students admitted to public universities.

~The amendiments by parliament act had sought to have all students admitted to universities guaranteed Loans and if denied, HELB Must be in awaiting the reasons behind the rejections

~The MPs lead by MP Irungu passed the bill which will now see them evade contributing to students from poor backgrounds who fail to secure the loans

~Students Under the age of 18 Years will now benefit from the loans with learners also having representatives sit on the board.Kang'ata said the students should sit on the board to ensure there is transparency in how th funds are disbursed

~The MP had proposed that 3 students 2 of whom shall be government sponsered and elected while third from Private Universities

~More....
How to apply for HELB Loan using Your waiting card. 2015-08-14 05:18:01

To apply For Helb Loan it can take you Just 30 minutes this is the procedure on how to go for it

~Make Copies of Your waiting Card and prepare for avisit to National Registration Bureau

~Visit National Registration Bureau Offices on the 7th Floor of NSSF building in Nairobi,along Bishop Road-upper Hill

~Explain Your case at the receiption area and you will be guided to 9th Floor where Your ID NO will be Printed out

~You will be guided to where to obtain an official Letter From the Bureau confirms that indeed your ID is being processed and also authenticates the serial number on your waiting card

~The Bureau Shares this Information with Kenya Revenue Authorithy [KRA] which will then number (P.I.N) Certificate for You which will be collected from Times Towers after afew days

~Armed with PIN from KRA and Your ID NO From bureau you can vist Helb Application Portal to apply

More~
Higher Education Loans Board Application Requirements/Guidebook 2015-08-13 19:21:07

Applicants are required to have the following credentials before applying for Helb Loan

~Copy of Your National Identification card[ID]

~KRA PIN

~Valid Bank account

~Your Parent(s)/Guardian Particulars(IDs)

~Your Parent(s) Death Certificate (if not existing)

~Copy of Letter of Admission to the univesity/college

~Copies of two gurantors' ID's

~Three recent coloured Passports size Photographs

Now You know read on

·How to apply for HELB Loan Online /GuideBook

Having queries Lets hear them in comments box or Like our CampusInsider254 official page for More info

♦see:How I made 2500$ in One week while taking Masters In Harvard
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Higher Education Loans Board [HELB] 

Background Info:

The Higher Education Loans Board HELB is a Financial of Higher education in kenya.It was established by an act of Parliament(Cap213A)in 1995 as astate of Corporation under tge Ministry of Education,Science and Technology

Objectives based for increment of HELB Loan


~To disburse loans,bursaries and scholarship to students pursuing Higher Education in recognized Institution

~To give Financial support to Needy kenyan students(undergraduate and Post graduate students) in institutions of Higher learning both Localy and abroad


NB:

But due to Financial Constrains the government only disburse Loans to students studying within the country

The board awards minimum of 35,000 to students succesful for Helb Loan.There bank accounts are funded at each of the beggining of an semister
see ·HELB Loan basic requirements/Guide Book

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