FINANCIAL LITERACY ASSESSMENT
Helb phone Number, Bank Account Changing Application Form.
Do you need to change your Phone Number and Bank Account number? Well. Fill out this form and send it to Helb for immediate action.
STUDENT’S PERSONAL PAYMENT DETAILS UPDATE REQUEST FORM
| FULL NAME | ||||||
| NATIONAL ID CARD NO. | ||||||
| INSTITUTION/SCHOOL | ||||||
| ADM/REG NO. | ||||||
| MOBILE PHONE NO. | ||||||
| EMAIL ADDRESS | ||||||
| MODE OF PAYMENT
Tick the preferred mode of Payment |
BANK | MOBILE PHONE | ||||
| OLD MOBILE PAYMENT PHONE NO. | ||||||
| NEW MOBILE PAYMENT PHONE NO. | ||||||
| BANK NAME | ACCOUNT NO. | BRANCH | ||||
| OLD BANK ACCOUNT NO. | ||||||
| NEW BANK ACCOUNT NO. | ||||||
| Declaration: I declare that the NEW Payment details -Mobile Payment Phone or Bank Account Number provided above is mine and that I will be solely responsible for any risk associated with it.
Signature: Date: |
||||||
| Attachments:
Tick if attached |
Copy of National ID Card | |||||
| Copy of ATM/Bank Card (Front side only) | ||||||
| Other document(s)- Specify | ||||||
| FOR OFFICIAL [HELB] USE ONLY
(BANK ACCOUNT/ MOBILE PAYMENT PHONE NO. RECEIVED/CONFIRMED BY) |
||||||
| Name | ||||||
| Signature | ||||||
| Date | ||||||
Lending Department: Student’s Personal Payment Details Update Request Form.
Higher education funding model in kenya
In summary:
University and College students will now qualify for loans and scholarships via the Higher Education Funding Model. According to the University Fund Kenya, one must be Kenyan and a 2022 KCSE examination candidate to be eligible for the scholarship.
He or she must have also been placed by the Kenya Universities and Colleges Central Placement Service (KUCCPS) to pursue an undergraduate, diploma, craft certificate, or artisan course at one of Kenya’s accredited public universities or TVET colleges.
The scholarship will be open to students who sat their KCSE examination from 2022 onwards.
Once confirmed to have met the requirements, one will be needed to visit https://www.hef.co.ke/ for application with a checklist meeting the requirements hereunder;
A valid email address, a valid phone number registered to the applicant’s name, KCPE and KCSE index numbers and year of examination, College/University admission letter and a copy of the sponsorship letter for those sponsored in secondary school.
Others are the applicant’s parent/guardian’s registered numbers, the applicant’s ID number, death certificate if parents are deceased, a passport photo and a birth certificate.
Also, those who will be seeking loans will be needed to have the ID numbers and telephone numbers for two guarantors.
On the platform, one will first register/log in, fill out their profile and upload their documents, tick the box to apply for a scholarship or a loan and submit the application.
The applicant will then wait for the award within 30 days and then wait for an SMS payment notification.
It is also worth noting that students in private universities are not eligible for the government scholarship fund, but can apply for loans through HELB.
Continuing students will not be affected by the funding model and will continue to receive their funding based on the previous funding model.
The level of funding for each student will depend on the monthly household income and the financial aid has been classified into four categories, the vulnerable, extremely needy, needy and less needy.
Under the model, those students falling under the vulnerable and extremely needy band will qualify for 100% government funding for their studies with the money coming as scholarships and loans, and those deemed to be needy and less needy will get 93% government funding, with the students bearing 7% of the tuition costs.
Students from the vulnerable and extremely needy households will receive 100% funding while the needy and less needy will get 93% government funding and a 7% contribution from their households to cover for the tuition fees.
All university and TVET students who have received letters from universities and TVET colleges as per the placement from Kenya Universities and Colleges Central Placement Service (KUCCPS) are eligible for funding.
To effect this, the government has classified students seeking funding into four categories, the vulnerable, extremely needy, needy and less needy. The students joining private institutions too are eligible for the HELB loan and are encouraged to apply.
Funding across the four categories will be determined by evaluating family economic background to ensure that students from poor households are given priority in terms of scholarship allocation while those from less needy households are covered by loan financing from HELB as has been in the past.
The classes are vulnerable– who come from the poorest background; then there is the extremely needy who are the second neediest in the funding classification.
The third and fourth classes are needy and less needy respectively. These two categories need little to no support in paying their fees.
Helb Undergraduate Loans: First and Subsequent Student Loan, Bursary Applications
Helb loans are for students pursuing their studies in Public or Chartered Private Universities within the East African Community, placed either through the Kenya Universities and Colleges Central Placement Service (KUCCPS), Self-sponsored, Parallel and Module II Students studying for a Bachelor’s Degree only.
Pre-University, Certificate, Diploma or Postgraduate students are not eligible to apply for this loan. The loan attracts interest of 4% and Kshs. 1,000 ledger per year. Students are advised to apply for the loan at least one month before the opening date to allow ample time for processing.
There are two types of undergraduate loan applications:
Note: The number of loans one is eligible for depends on the program duration. For example, one is given loan 4 times for a 4-year program or 5 times for a 5-year programme.
Note:
NB: You will be required to pay Kshs. 1 from your MPESA account during the application process to verify your telephone number. Please note, the application is paperless hence no printing.
What is the New Higher Education Funding Model?
It is a new way of providing financial support to students enrolled in Universities & TVET institutions to ensure every Kenyan student is assisted according to their level of need.
What are the benefits of the New Funding Model?
✓ It ensures that all eligible Kenyan Students are provided with adequate education financial support.
✓ It promotes the provision of quality education in higher learning institutions.
✓ It ensures that students are adequately supported based on their level of need.
✓ To ensure timely disbursement of funds students and higher learning institutions.
✓ To address the student funding gap.
To apply for scholarships and loans under the New Funding Model, visit https://www.hef.co.ke/
Beacon of Hope Training Revolving Scheme: Requirements, How to apply
Eligibility.
Student pursuing courses at Beacon Technical Training Institute.
Allocation amount is determined by the funding institution.
Loan repayments is based on the HELB loan recovery process and procedure.
Administrative fee is Kshs.500
4% interest rate.
The Higher Education Loans Board, HELB, has moved to dispel fears of a possible hack attempt on its online portal. This comes after messages were circulated to select email accounts.
Here is the presser from HELB CEO, Mr. Charles Ringera.
‘RESPONSE ON HELB ONLINE PORTAL ACCOUNT CREATION EMAILS & SMS
It has come to our attention, today Saturday 3rd August, 2019, that there are messages that were allegedly released from the HELB portal to select emails and randomly generated mobile numbers mostly comprising non-HELB beneficiaries.
The message alert indicated that an account had been created on the HELB Online Portal. However, the link to activate the account was not active.
We wish to reassure the public as follows:
1. These messages did not originate from the Higher Education Loans Board database;
2. The HELB database is safe; and
3. The technology used at HELB is best in practice, complete with relevant security measures.
HELB remains committed with regards to data integrity and confidentiality.
Appropriate security of
personal data is paramount, including protection against unauthorised or unlawful processing and against accidental loss, destruction or damage, using appropriate technical or organisational measures.
We have since communicated directly to members of the public who reached out and reassured them accordingly.’
About Higher Education Loans Board
The Higher Education Loans Board (HELB) is a state body established by an Act of Parliament CAP 213A in 1995 mandated to provide loans, bursaries and scholarships to Kenyans pursuing higher education in recognized Kenyan Universities and Colleges and to recover the same after completion of studies to facilitate establishment of a revolving fund.
The Board is therefore well aligned to Chapter 4, Section 43 (1) (f) of the Constitution of Kenya 2010, that every person has the right to education.
In case of any queries, contact Ms. Wavi Muigai, Corporate Communication & Customer Experience Manager on [email protected] or 0708726533
Also read
The Ministry of Education has been asked to fast track the listing of private Technical and Vocational Education and Training, TVET, institutions to enable learners joining the institutions benefit from Higher Education Loans Board, HELB funding.
According to the principal of Bondo V-TECH College Mr Julius Nyerere Akoko, the delay in approval of private TVET institutions for HELB loans and bursary by the ministry is denying some learners the opportunity to access TVET training.
“Not all students can go to public institutions across the country to access TVET training and private institutions come in to bridge the gap. The government should therefore allow students who chose to join private institutions to access HELB funding just like their counterparts in public institutions,” Akoko said
Akoko disclosed that efforts by private intuitions offering TVET courses to get listing and approval for HELB funding have been frustrated for years despite such institutions having fully complied with the ministry of education standards and being certified to offer TVET courses.
“We have made applications to be considered for listing but nothing has been forth coming. The lack of access to HELB loan facility has affected our enrollment yet we play a critical role in training students,” he said.
Akoko said that just like the public institutions, private colleges offering TVET courses are training human resource necessary for the country’s development and attainment of Vision 2030.
“We are all contributing to one pool of highly qualified individuals who are expected to drive the growth of the country and therefore there should be fair treatment for students across the two divides because the loans will be given to individual students who will pay back the money,” Akoko said.
Akoko on the other hand asked principals at various secondary schools to redefine “success” saying the current definition of success at secondary school level has contributed to poor career choices by many students.
He said that majority of secondary schools’ work towards sending as many students as possible to universities without bothering the kind of courses they will pursue in the name of success, with the students ending in less marketable careers.
The principal suggested that focus should be shifted to strengthening career guidance at secondary school level to helping the students choose careers required in the job market and have them advised to pursue their careers from any level until they attain their goals.
“The parameters of measuring success in our secondary schools should be changed and students guided to pursue marketable careers instead of trying to send everybody to university. A student who has chosen to pursue a career in engineering can start off at a TVET institution before joining an Engineering degree program instead of joining the university directly to pursue any available or less marketable course,” Akoko stated.
Over 600,000 students to joins TVETs- Education Ministry says
These loans are for students joining public or private universities within the East African Community directly from high school either through the Kenya Universities and Colleges Central Placement Service (KUCCPS) or as self-sponsored. Amounts awarded range between 35,000 minimum and 60,000 maximum based on the level of need. The loan attracts interest of 4% p.a and the students are required to repay their loans on completion of their studies. Students are advised to apply at least one month before the opening date to allow ample time for processing.
Students are advised that the loans should be used mainly for:
Students are advised to desist from diverting the funds to leisure or other family obligations.
Undergraduate loan repayment starts within one year of completion of studies or within such a period as the Board decides to recall the loan whichever is earlier. However, you can make voluntary payments before or after you complete your studies to reduce your loan balance.
Alternative loans comprise of Postgraduate (Masters & PhD) and Undergraduate loans for salaried applicants loans. This category of loan was introduced in the year 2000/2001 (PG) and 2008/2009 (CE). It runs as a commercial window targeting students who are able to repay their loans while studying, thus allowing the Board to generate income from application fees and interest charged to build and maintain a sustainable revolving fund. The loans are evaluated and awarded on the basis of the loanees’ ability to pay while studying at an interest rate of 12% p.a and repayable in 48months.
PhD- Kshs: 60,000 – 200,000.00;
Masters -Kshs: 60,000 – 200,000.00;
CE -Kshs: 60,000 – 100,000.00;
12% per annum ; 48 months
HELB awards scholarships to postgraduate students pursuing their Masters or Doctoral studies. The award is based on academic merit. Applicants are required to pay a processing fee of kshs 3,000.
Oshwal aid in association with Higher Education Loans Board (HELB) offers scholarships to direct entry university students. The scholarships will funds 20 students for the total tenure of study. For undergraduate degree programme. The fund supports needy entrants in local universities to a maximum of kshs 100,000 per annum. The application period is July to August every year.
Training Revolving Fund
The Afya Elimu Fund is a partnership product of the USAID funded Human Resources for Health (HRH) Kenya Mechanism implemented by IntraHealth International Inc., the Higher Education Loans Board (HELB), Ministry of Health, the private sector and county governments. The Fund offers affordable loans to needy students pursuing pre-service medical training at mid-level (diploma and certificate level only).
7. UNDERGRADUATE BURSARIES
HELB awards bursaries to extremely needy undergraduate students who benefit from loans for direct entry. Orphans, students from single parent families and others who come from poor backgrounds will be given priority for the bursaries. There is no separate application for this bursary but qualification for it depends on the information provided on the direct entry form.
8. TVET BURSARIES
Students pursuing Diploma and Certificate courses in Public universities, university colleges, public national polytechnics and Institutes of Technology and Technical Training institutes country-wide are eligible for this loan and bursary. Orphans, single parent students and others who come from poor backgrounds will be given priority for the loans and or bursaries. The application period is January to April every year.
Applications should access and fill the relevant TVET Loan & Bursary Application Form (TLAF).
Print TWO copies of the duly filled Loan Application Form.
Have the TVET Loan Application Form signed and stamped by the Dean of Students/Financial Aid Officers.
Drop the TLAF personally at the HELB students Service Centre on the Mezannine One, Anniversary Towers or any of the SELECT Huduma Centers nearest to you.
You may also like:
Students studying at the Kenya Institute of Mass Communication (KIMC).
Award is based on approved MTI.
Online application in the HELB portal.
Recovery is based on the HELB loan recovery process and procedure.
Kshs.500 Administrative fee charged upon disbursement.
4% interest rate.
For students admitted at North coast Medical Training College.
Allocation amount is determined by the institution.
Duly filled Loan Application Forms.
Kenyan students pursuing Certificate, Diploma and Higher National Diploma courses in select Public Universities, select University Colleges, Public National Polytechnics, and approved TVET Colleges under the Ministry of Education are eligible for this loan and bursary. The loan attracts interest rate of 4% and a ledger fees of Kshs. 1,000 per year.
Note:
TVET loan repayment starts within one year of completion of studies or within such a period as the Board decides to recall the loan, whichever is earlier. However, one can make voluntary payments before or after completing studies to reduce the loan balance. HELB Loans are charged 4% interest per annum and is repayable up to a maximum of 48 months.
HELB was established with the aim of not just recovering all matured loans, but to raise sufficient funds to meet the rising loan demand and attain faster turnaround in loan repayments.
It consists of three tiers:
The Debt Management Department is committed to recovering all matured loans with utmost diligence in line with the HELB Act 1995 and in conformity with the dynamic customer expectations.
Related News: Guide to the helb mobile short code used for loan repayment application and disbursement status
Undergraduate Loan Repayment starts within one year of completion of studies or within such a period as the Board decides to recall the loan whichever is earlier. However, you can make voluntary payments before or after you complete your studies to reduce your loan balance.
Upon completion of loan repayment, kindly seek clearance from HELB. Please note that only HELB and not your employer can confirm your loan repayment status. HELB shall confirm loan repayment completion by issuing certificate of clearance. For clearance, please fill in the HELB Enquiry form.
If you overpay your loan, you will receive a refund from HELB and not your employer. To claim refund, please fill in the Loan Recovery Enquiry form.
Click here to access HELB Enquiry Form
Jielimishe Loans are due for repayment immediately upon disbursement. Successful applicants shall be notified via e-mail.
All loanees [HELB loan beneficiaries] are required to start repayment after a period of one year on completion of studies, or within such a period as the Board may decide to recall the loan whichever is the earlier (Section 15 HELB Act). Paying the higher education loans at an early age reduces an individual’s financial burden in midlife when one is bringing up a family, paying a mortgage as well as planning for retirement. Among other advantages of paying the loans include; reduction of the number of loans that an individual has hence avoid being blacklisted with the Credit Reference Bureau (CRB) hence one can easily get a bank loan.
To ease your repayment, the Board has developed several different modes of repayment that suits the loanees who are employed and self-employed such as check off system, mobile payment that include M-Pesa, Airtel among others.
Therefore your obligation as a Loanee under the Act is to;
The Higher Education Loans Board Act, 1995 demands that employers adhere to the law as stipulated below:
HELB offers various loan repayment methods as follows:
Using M-PESA (Safaricom) Money Transfer:
|
Note: The transaction reflects in your statement immediately after the transaction.
All payments are payable to Higher Education Loans Board, by crossed cheque, bankers draft, direct transfer/standing order/EFT or cash deposit to HELB collection A/C in any of the following banks:
| Bank | Account Number | Branch | Electronic Funds Transfer (EFT) |
| Kenya Commercial Bank | 1103 266 314 | University-way | SWIFT CODE : KCBLKENX |
| Family Bank | 035 000 024 971 | Family Bank Towers | SWIFT CODE : FABLKENAXXX |
| Co-operative Bank | 011290 612 228 00 | University-way | SWIFT CODE : KCOOKENA |
| Barclays bank | 077 501 8216 | Barclays Plaza | SWIFT CODE : BARCKENX |
| Standard chartered Bank | 010 801 826 4700 | Koinange street | SWIFT CODE : SCBLKENX |
| Equity bank | 055 029 357 3408 | Equity Center | SWIFT CODE : EQBLKENA |
| National Bank of Kenya | 010 016 039 1100 | Harambee Avenue | SWIFT CODE :NBKEKENX |
| Citibank | 300 040 012 | Nairobi | SWIFT CODE : CITIKENA |
| SBM Bank | 0332 084 215 001 | Delta House | SWIFT CODE : SBMKENA |
| NCBA Bank Kenya |
1002 247 638 | NIC House | SWIFT CODE : CBAFKENX |
| Jamii Bora Bank | 1174 852 7001 | Koinange street | SWIFT CODE : CIFIKENAXXX |
