Helb · LEAD
HELB Faces Class Action Suit After Court Rules Interest Cannot Exceed Double the Loan
Justice Mabeya found that HELB’s practice of allowing interest and penalties to exceed the principal amount discriminated against its borrowers.
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Helb
4 articles
Ruto Promises HELB Disbursement By End Of The Week
President William Ruto has announced that the government will release Higher Education Loans Board (HELB) funds by the end of the week, providing relief to thousands of students awaiting financial support. Speaking at the inauguration of the Renewable Energy and Energy Efficiency Laboratory at Kinyanjui Technical Training Institute in Nairobi’s Dagoretti area, Ruto acknowledged the […]
HELB To Disburse Funds Under Old Model After Students Storm Anniversary Towers
The Higher Education Loans Board (Helb) has announced that first and second-year university students will continue receiving funds under the previous funding model as the agency awaits the outcome of an appeal challenging the High Court’s suspension of the new framework. The announcement follows a wave of student protests across different institutions, with demonstrators demanding […]
HELB: Covid-19 Pandemic pushed 106,443 to default loans
More than 106, 443 former university students have defaulted on their Higher Education Loans Board (Helb) after the Covid-19 pandemic ravaged businesses and triggered massive layoffs. Data from Helb shows loan defaults went up by 35, 561 in the six months to December with the defaulted loans climbing to 55 % which represents Sh3.7 billion […]