HELB Explained: Understanding the Basics of HELB Loans in Kenya
The Higher Education Loans Board (HELB) is a crucial financial institution in Kenya that provides loans, bursaries, and scholarships to students pursuing higher education. Established in 1995, HELB aims to make education more accessible by offering financial support to students in universities and technical institutions.
If you’re a student or a parent looking to understand how HELB loans work, this guide is for you. In this post, we’ll break down key terms associated with HELB loans, explaining their meaning and significance in the loan process. By the end of this article, you’ll have a clear understanding of what HELB loans entail and how to navigate the application, verification, allocation, and disbursement processes.
1. HELB Application
What is HELB Application?
The HELB application is the first step in obtaining financial assistance from the Higher Education Loans Board. This process involves filling out an application form and submitting required documents to request financial support for your education.
How to Apply for HELB Loan
HELB applications are primarily done online through the HELB Student Portal. Below are the key steps to apply:
- Create an Account – Visit the HELB Student Portal and register.
- Fill Out the Application Form – Provide personal details, academic information, and financial status.
- Attach Required Documents – Common requirements include:
- National ID
- Admission letter from the institution
- Parent/Guardian ID copies
- KCSE and KCPE certificates
- Bank details
- KRA PIN
- Print and Sign the Form – After submitting the form online, print the filled application form and have it signed by the required guarantors.
- Submit the Application – Drop the signed form at the HELB offices or Huduma Centers for processing.
Types of HELB Loans
HELB offers different types of loans, including:
- Undergraduate Loans – For students in public and private universities.
- TVET Loans – For students in Technical and Vocational Education and Training (TVET) institutions.
- Postgraduate Loans – For master’s and Ph.D. students.
- Bursaries and Scholarships – Available for bright but needy students.
2. HELB Loan Status
What is HELB Loan Status?
HELB Loan Status refers to the progress of your loan application, from submission to disbursement. It helps applicants track whether their loan has been approved, processed, or rejected.
How to Check HELB Loan Status
Students can check their loan status using the following methods:
- HELB Student Portal
- Log in to your HELB account.
- Click on the “Loan Status” tab to see your application progress.
- USSD Code (For Mobile Users)
- Dial *642# on your phone.
- Select “Loan Application & Disbursement” to check status.
- HELB Mobile App
- Download and install the HELB app.
- Log in and check your loan status under “My Loans.”
- Visit HELB Offices
- If experiencing difficulties online, visit the HELB offices at Anniversary Towers, Nairobi, for assistance.
3. HELB Verified
What Does “HELB Verified” Mean?
When a loan application status shows HELB Verified, it means that the HELB team has reviewed the submitted application and confirmed that all required documents are present and valid.
How Long Does HELB Verification Take?
HELB verification typically takes 2 to 4 weeks after submission. Delays can occur if:
- Some documents are missing or unclear.
- The application form is incomplete.
- The student provided incorrect details.
What to Do if Your Application is Not Verified?
- Log in to your HELB account to check for missing documents.
- Contact HELB customer service for assistance.
- Ensure all provided details are correct and resubmit if necessary.
4. HELB Allocation
What is HELB Allocation?
HELB Allocation refers to the amount of money a student is awarded based on their financial needs, type of institution, and loan eligibility. The allocated amount determines how much the student will receive in their loan disbursement. It can take up to 6 weeks for a verified account to receive allocation.
How is the Loan Amount Determined?
HELB considers the following factors when allocating loans:
- Level of Need – Students from financially disadvantaged backgrounds receive higher allocations.
- Course Type and Institution – Some courses may receive higher funding than others.
- Government Budget – The total loan fund available affects individual allocations.
- Academic Performance – In some cases, performance can impact allocation.
HELB Loan Amount Range
- Undergraduate Loans: Ksh 40,000 – Ksh 60,000 per year
- TVET Loans: Ksh 26,400 per year
- Postgraduate Loans: Amount varies based on application and approval
Note: A portion of the allocated amount is sent to the student’s school as tuition fees, while the remainder is sent to the student’s bank account for upkeep.
5. HELB Disbursement
What is HELB Disbursement?
HELB Disbursement refers to the actual transfer of funds to the student’s bank account and the learning institution. Once a loan has been allocated, it is released in two installments per academic year (per semester).
How Long Does HELB Loan Take To Be Disbursed after Allocation?
Depending on circumstances,but usually HELB loan is Disbursed 2 weeks before semester begins. In severe situations it can take up to 3 months after Allocation.
How Does HELB Disbursement Work?
- HELB Sends Tuition Fees Directly to the Institution – This ensures that part of the loan is used for school fees.
- The Remaining Amount is Sent to the Student’s Bank Account – This is meant for personal upkeep and educational expenses.
How to Check HELB Disbursement Status
Students can check their disbursement status through:
- The HELB Student Portal
- *USSD Code (642#)
- The HELB Mobile App
Common Issues with Disbursement
- Delayed Disbursement – This may be due to HELB funding constraints or school verification issues.
- Wrong Bank Details – Ensure your bank account details are correct in your HELB portal.
- Pending Verification – Disbursement may be held if verification is incomplete.
6. HELB SurePay
What is HELB SurePay?
HELB SurePay is a loan repayment system that enables employed graduates to make automatic deductions from their salaries to repay their HELB loans. This system ensures timely loan repayments to avoid penalties.
How Does HELB SurePay Work?
- Employer Deduction – Employers deduct the agreed HELB loan repayment amount directly from the employee’s salary.
- HELB Receives the Deduction – The employer submits the deducted amount to HELB.
- Loan Balance Updates Automatically – The borrower’s HELB account reflects the updated loan balance.
Benefits of HELB SurePay
- Ensures consistent loan repayment and avoids penalties.
- Reduces the risk of defaulting on the loan.
- Allows employers to comply with government regulations.
How to Register for HELB SurePay
- Visit the HELB Portal and log in.
- Select “Loan Repayment Options” and choose SurePay.
- Provide employer details and consent to automatic deductions.
- HELB will notify your employer to start deductions.
Conclusion
Understanding HELB and its processes is crucial for students seeking financial aid. From applying for a loan to checking disbursement status, each step plays an important role in ensuring students receive the financial assistance they need. Moreover, loan repayment through HELB SurePay ensures a smooth and manageable process for graduates.
If you’re planning to apply for HELB or are already a beneficiary, ensure you stay informed about your loan status, allocation, and repayment requirements. With proper knowledge and planning, you can make the most out of your HELB loan and focus on achieving academic success.
Need more information? Visit the HELB website or contact HELB offices for assistance.