The Higher Education Loan Board (HELB) is a statute that is an Act of Parliament in Kenya. The loan board was established on July 21, 1995 through the Kenya Gazette Supplement. The Board was started to help graduate students, post graduate students and undergraduates continue their education.
Thanks to modern technology and effective communication, the HELB has structured a foundation to ensure the success of HELB. Benjamin C. Cheboi is the board secretary. He has been dedicated to building an organization whose main focus is service.
HELB began in 1952 as the Higher Education Loan Fund (HELF). The Fund provided financial assistance to the residents of Kenya who were interested in continuing their higher education outside of East Africa.
These students wanted to continue their education in India, South Africa, Britain, the former USSR and the United States, so the Fund was set up to help those students achieve their dreams.
Before the name was changed to Higher Education Loan Board (HELB), students who were not able to attend school outside of South Africa were given a loan that was backed by insurance policies, deeds and by a written guarantee of repayment.
Starting in 1974, the number of students seeking higher education outside of South Kenya had grown considerably and the financial burden became too much for the government to bear.
The ”University Student Loans Scheme” (USLS) was started to help ease the burden and it was ultimately managed by the ”Ministry of Education”. This transfer of responsibility helped the students from Kenya, who were seeking to attend school in the universities located in Nairobo, Dar es Saaam or Makerere.
Qualified students were given enough money for tuition and enough to pay for personal items. The University Student Loans Scheme had many problems from the beginning. The main problem was; the lender had absolutely no legal right to demand repayment of their loan. This caused the Scheme to slowly, albeit surly, lose control and ultimately, the financial ability to assist the college students.
The problem was eventually solved. In 1995 when the Kenyan government started the Higher Education Loan Board to oversee the ”Student Loans Scheme”. Authority was given to the Board the legally take the necessary steps to recoup past due loans, even from prior students, dating as far back as 1952.
This move helped the loan board become successful and it gave them more funds to work with. These added funds is helping more and more students achieve their dreams.
Higher Education Loan Board (HELB) Questions and Answers:
Q]Where can I get the HELB Loan Application Form For Post Graduate Students – for downloading?
A] The different types of loan application forms can be found here: HELB.co.ke/images/docs/advert%20undergardauate%202011%20edited.pdf
Q] How to get a HELB Application Form?
A] The HELB application for a college loan is here: HELB.co.ke/images/docs/advert%20undergardauate%202011%20edited.pdf