The Higher Education Loans Board (HELB) is a critical institution in Kenya, providing financial support to university students to help them pursue their higher education goals. Established in 1995, HELB aims to enhance access to university education by providing loans, scholarships, and bursaries to students who demonstrate financial need. Understanding HELB’s support mechanisms is essential for prospective and current university students.

Types of Support Offered by HELB

1. Loans: HELB primarily offers student loans, which are meant to cover tuition fees and other educational expenses, such as accommodation, books, and living costs. The loans are awarded based on financial need and are repaid after graduation, typically starting six months after a student completes their studies. The repayment period generally spans 5 to 10 years, making it manageable for graduates entering the job market.

2. Bursaries: HELB also provides bursaries, which are financial grants that do not need to be repaid. These are awarded based on specific criteria, including academic performance and socio-economic background. Bursaries are crucial for students who may face significant financial challenges but still wish to pursue higher education.

3. Scholarships: In addition to loans and bursaries, HELB collaborates with various stakeholders to offer scholarships aimed at deserving students, particularly those from marginalized communities or with exceptional academic achievements. These scholarships can cover tuition fees and other educational expenses, alleviating the financial burden on students and their families.

Application Process

The application process for HELB support is straightforward. Students must fill out an online application form through the HELB portal, providing personal information, academic details, and financial background. It’s essential to provide accurate information, as this will influence the amount of support awarded. Additionally, students must submit relevant documentation, including academic certificates, proof of income, and identification documents.

Eligibility Criteria

To be eligible for HELB support, students must meet specific criteria. Generally, applicants must be Kenyan citizens enrolled in recognized universities and institutions of higher learning. The loans and bursaries are primarily targeted at undergraduate students, though HELB also extends its support to postgraduate students under specific programs.

Repayment of Loans

Repayment of HELB loans begins six months after graduation. The Board has established various repayment plans to accommodate graduates’ financial situations, and borrowers can make repayments through various channels, including mobile money platforms, bank transfers, and direct deposits. The interest rates on HELB loans are relatively low compared to traditional bank loans, making them an attractive option for students.

Importance of HELB Support

HELB’s support is vital in increasing access to higher education in Kenya, especially for students from disadvantaged backgrounds. By providing financial assistance, HELB enables many students to attend university, pursue their dreams, and contribute positively to society. Furthermore, HELB plays a crucial role in addressing the education gap in the country, as education is a key driver of economic growth and development.

Conclusion

In summary, the Higher Education Loans Board is a crucial ally for university students in Kenya. By understanding the types of support available, the application process, and the eligibility criteria, students can effectively navigate the system to secure the financial assistance they need to succeed in their academic pursuits. With HELB’s backing, many students can achieve their educational aspirations, ultimately leading to a more educated and skilled workforce that can drive the nation’s progress.https://www.helb.co.ke/helb-products/helb-loans/undergraduate-loans/