The Higher Education Loans Board Act, 1995 demands that employers adhere to the law as stipulated below:
- Inform the Board in writing that they have employed loanee(s). This should be done within three months from the date of employment. (Section 16(1) (a) of the HELB Act).
- Deduct from the wages or remuneration of the loanee(s) the amount of any loan as instructed by the Board.(Section 16(i)(b) of the HELB Act).
All employers are required to :
- Act as per instructions released to them by the Board hence any loanee(s) with complaints relating to the Board’s instructions MUST direct such complaint(s) to the Board.
- Remit to the Board all deductions from the loanees’ wages or remuneration within 15 days after the end of each month.(Section 16 (2) HELB Act)
Public Institutions Performance Contract Documents