A Guide to financing by the Higher Education Loans Board
The Higher Education Loans Board is a state corporation whose mandate is to source funds and provide loans, scholarships and bursaries to Kenyans studying in recognized institutions of higher learning.
The Board disburses loans to any Kenyan undergraduate students enrolled in government or self-sponsored programmes in Kenyan Universities and Universities in other member states of East Africa Community recognized by the Commission for Higher Education.
a. Government-sponsored students (JAB)
Application Forms are sent to prospective beneficiaries together with the admission letters by your respective universities. Forms may as well be filled online and downloaded from their website www.helb.co.ke Applicants are expected to open bank accounts with one of the banks listed in the Loan application form and submit duly-filled forms to the Banks they have opened the accounts with for free delivery to the Board on or before the stipulated deadline. Applicants are advised to obtain an acknowledgement from the concerned bank.
b. Self-sponsored students
Applicants may apply online and download the filled application form from the website www.helb.co.ke Applicants are expected to open bank accounts with one of the banks listed in the Loan Application Form and submit dully filled forms to the bank they have opened the accounts with for free delivery to the Board. Those who sat for KCSE in the previous year are not eligible to apply in the current year. Those currently pursuing diploma, bridging or Pre University programmes are not ELIGIBLE either.
c. Self-Sponsored Continuing Education Students
Students enrolled in universities recognized by the Commission for Higher Education and demonstrate the ability to service the loan while studying are eligible. Students applying for the first or second and subsequent times may down load down load the application forms from their website, www.helb.co.ke. The interest rate applicable to the loan is 12% p.a. Duly filled forms should be submitted to the Board through secure mail.
For further information contact:
The Chief Executive Officer/ Board Secretary
Higher Education Loans Board