The Higher Education Loans Board (HELB) has issued a comprehensive directive regarding the release of funds to students who applied for financial assistance but lacked valid National Identity cards. The move comes as part of the organization’s effort to ensure equitable distribution of funds while adhering to legal requirements.
Chief Executive Charles Ringera released a statement on August 14, clarifying the procedure for releasing funds to over 2,000 students who applied for loans but did not possess National Identity cards. According to the announcement, HELB will withhold disbursements until students acquire valid identification documents. The identification process plays a pivotal role in loan applications, with both the students and their parents required to provide their personal identification numbers.
Ringera emphasized that HELB is constrained by the legal framework, as the organization cannot extend loans to individuals below the age of 18, in accordance with the stipulations of the law. “An ID is crucial for confirming the student’s identity, particularly during the repayment phase,” he underscored.
Addressing the students’ concerns, Ringera encouraged them to explore the government’s recently publicized subsidies. He assured them that ample resources are available to meet their educational needs, assuaging any doubts about the availability of financial support.
Expressing confidence in the new funding model, Ringera highlighted its timely implementation, designed to ensure that every student receives the necessary resources to pursue their educational aspirations. He also illuminated a significant change in the funding structure – if a student decides to alter their course of study or transfer to a different institution, the allocated funds will remain accessible. This marks a departure from the previous framework, offering students greater flexibility in managing their educational paths.
With over 285,698 students expected to commence their higher education journeys in September, HELB’s CEO emphasized that the board is committed to accommodating all students. He categorically dismissed speculations about certain students missing out on assistance, affirming the board’s dedication to serving the entire student population.
Under the new funding model, students are classified into four categories: the vulnerable, the extremely needy, the needy, and the less needy. This classification aims to streamline the distribution of financial support, ensuring that resources are effectively channeled to those who require them the most. As Kenya’s educational landscape continues to evolve, HELB’s strategic measures seek to provide students with the essential financial backing to embark on successful academic ventures.