2000 University Students Set to Miss HELB Loan Due to the Following
2000 University Students Set to Miss HELB Loan Due to the Following. 2,000 students will be excluded from loans because they were too young to take the loan. One of the key requirement in Higher Education Loans Board (HELB) application in national identification card (ID).
The loans will be kept for these students until they reach the required age, according to Charles Ringera, CEO of the Higher Education Loans Board.
Without IDs, students can only enroll in tertiary institutions and be eligible for scholarships.
Before the deadline of August 27, students with birth certificates may submit an application for assistance through the University assistance program.
The loans are not available to pupils who took the Kenya Certificate of Secondary Education (KCSE) exam last year before turning 18 though.
You cannot engage into any deal with a minor, stated Ringera, according to the law of contracts. The CEO added that financial management training is a must before students are given loans and scholarships.
Ringera informed the students that the government has taken steps to ensure there are resources available to continue sponsoring the new model.
According to him, this year the government has put aside Sh23 billion to finance the new cohort under the new model, while Sh8.7 billion is set aside for continuing students in TVET and university programs.
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