HELB New Guidance to Students who Missed the Loan
New Advice from HELB for Students Who Missed the Loan. More than 2,000 students who requested aid but lacked National Identity cards received it on August 14, but the Higher Education Loans Board (HELB) clarified how it would allocate monies to them. Given that many of them will be in need and want a loan to pay their expenses, this number is fairly large.
The funds would be held back until the student got a legitimate ID, according to Chief Executive Charles Ringera in a statement. Both the student and their parents must submit their personal identity numbers when requesting a loan through HELB.
Since it is illegal to grant loans to borrowers under the age of 18, the CEO of HELB emphasised that the board’s options are limited.
“An ID is important for identifying the identity of the student, especially when they are repaying the loan,” the speaker stated.
The CEO also encouraged students to apply for the publicly publicised government subsidies, assuring them that there would be ample funding to suit their needs.
Ringera stressed the fact that the new funding model was put in place at the ideal time to make sure that every student has access to the resources they need to improve their education and grow more confident in it.
In contrast to the old arrangement, he added, the assigned money will still be available to the student if they choose to switch their course of study or transfer to another university.
In September, it’s anticipated that around 285 698 students will enrol in colleges and universities. The CEO of HELB emphasised that all pupils will be catered to allay concerns that some students might be excluded.
Students are divided into four groups according to their financial need: vulnerable, severely in need, in need, and less in need.
Keep checking our website for periodic updates for more information.HELB New Guidance to Students who Missed the Loan. On August 14, the Higher Education Loans Board (HELB) provided clarification regarding how it will distribute funds to more than 2,000 students who requested assistance but lacked National Identity cards. This is number is quite huge considering that many of them will be needy and require the loan for fees payment.
Chief Executive Charles Ringera said in a statement that the money would be withheld until the student had a valid ID. When applying for a loan through HELB, both the student and their parents must provide their personal identification numbers.
The CEO of HELB stressed that the board’s options are constrained because it is forbidden by law to issue loans to borrowers who are under the age of 18.
“An ID is important for identifying the identity of the student, especially when they are repaying the loan,” the speaker said.
Also Read: University students have nine days to apply for HELB
Additionally, the CEO exhorted students to submit applications for the publicly announced government subsidies, telling them that there were plenty of resources available to meet their demands.
Ringera emphasised the fact that the new funding model was implemented at the perfect time to ensure that every student has access to the materials they need to enhance their education in order to increase his confidence in it.
The assigned funds will still be available to the student if they decide to change their programme of study or transfer to a different university, which is a change from the previous arrangement, he added.
More than 285,698 students are expected to enrol in colleges and universities in September. In order to dispel fears that some students would be excluded, the CEO of HELB highlighted that all students will be catered to.
The new financial approach divides students into four groups: vulnerable, severely in need, in need, and less in need.
For more information keep refreshing on our website for timely updates.
HELB New Guidance to Students who Missed the Loan
