HELB issues directives on loan applications to students without IDs
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HELB (Higher Education Loans Board) to withhold loan for students without valid National Identity cards (IDs) until a valid one is acquired
HELB (Higher Education Loans Board) to withhold loan for students without valid National Identity cards (IDs) until a valid one is acquired.
The Higher Education Loans Board (HELB) on Monday clarified how the organization will disburse funds to over 2,000 students who applied for funding but lack National Identity cards.
Chief Executive Charles Ringera said in a statement that the money will be withheld until the student has a legitimate ID.
During the loan application process, HELB requires both the student’s and parents’ ID numbers.
Ringera emphasized that the board’s options are limited because it is illegal for it to offer loans to people who are younger than 18 years old as required by law.
“An ID is important for identifying the identity of the student especially when they are repaying the loan,” he added.
The CEO also urged students to apply for the funds, reassuring them that ample resources are available to address their needs.
The CEO encouraged students to apply for the funding and reassured them that there will be enough resources to meet their demands.
Ringera further expressed confidence in the new funding model, pointing out that it had been put in place at the ideal time to guarantee that each student would have access to the resources they needed to advance their studies.
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The CEO also informed students that, unlike the previous framework, the allocated money would still be accessible to them if they choose to change their course of study or transfer to another university.
“It is a student-centered model and the money shall follow them,” the official stated.
The CEO projected that by 2028, the board will have spent Ksh210 billion (Ksh145 billion for loans and Ksh75 billion for scholarships) to finance students under the new model.
At least 285,698 students are expected to join institutions of higher learning in September. The Chief Executive stressed that all students will be catered to, effectively dismissing speculation on some students missing out.
The new funding model categorizes students into four; the vulnerable, the extremely needy, the needy, and the less needy.
Ringera noted that the government will allocate money to all these groups of students and all of them will be treated fairly.
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