HELB Message to Employers over Employee Deductions
HELB Message to Employers over Employee Deductions. The Higher Education Loans Board (Helb) has informed all businesses of the upcoming employee HELB deduction deadline.
HELB tweeted that there are only three days left to stop your employee’s HELB deductions. Donate by the 15th to help us keep our dreams alive.
HELB asked companies to “ensure timely and consistent deductions of HELB loan repayments” in order to “support people in empowering dreams.”
According to a statement on the HELB website, for the past 27 years, “HELB has empowered dreams of more than 1.23 million students and disbursed over Kshs. 130.1 billion.”
Additionally, HELB warned employers of the consequences of failing to submit loan deductions by the deadline.
“HELB shall be paid for all loan deductions by the 15th day of the month following the deduction. According to the post, late or missed payments are subject to a 5% penalty of the total amount payable by the employer.
Additionally, HELB has discovered a fake website that has been spreading untrue information regarding the Higher Education Loans Board. All Kenyans were urged by the board to seek accurate information by using their proper channels of contact.
HELB provided the official social media accounts and other channels that Kenyans can use to access trustworthy information.
Beware of false news. Use our official ways to get trustworthy information: [email protected], 0711 052 000, Twitter (@HELBpage), and Facebook (@HELBPage). The hashtag was “#Kaachonjo,” it read.
Repayment of the HELB loan
A link to HELB’s YouTube page, where they share reports of their “partnerships for impact” endeavors, was also provided.
Furthermore, HELB offered information on how HELB loan holders can make payments via M-Pesa.
The HELB claims that they provide “repayment options that suit everyone.” To choose a repayment strategy that works for them, they encourage Kenyans to visit their website.
Whether you prefer the simplicity of M-PESA or the convenience of a direct bank transfer, we have a repayment plan that will work for you. You can find the payment option that best suits your needs right now on our website, the post advised.
Partnerships HELB has partnered with a variety of organizations in an effort to “help promising but needy students to continue pursuing their studies.”
“The Higher Education Loans Board relied on National Government funding through Treasury for a very long period to carry out its admirable purpose of assisting deserving Kenyan students seeking higher education.
“The demand for HELB goods is increasing continuously, but there are not enough resources to supply the demand. According to the HELB website, this has caused HELB to look for alternative sources of revenue as total reliance on Treasury funds is not long-term viable.