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HELB in the Media

Helb targets Kenyans in diaspora for cash

Daily Nation, Tuesday January 2014

The Higher Education Loans Board is targeting Kenyans in the diaspora who received fund to study

but were yet to repay the money. Helb Chief executive Charles Ringera yesterday said Kenyans living

abroad had not been servicing their loans and the agency wanted the money repaid. He told the Nation

yesterday that the recent waiver on the interest had increased repayment by more than 400 per cent.

Rise In Students Loan Rates As HELB Plans Bonds

Daily Nation, Wednesday 21st

The Higher Education Loans Board is set to offer bonds to investors as it seeks ways of diversifying from the Treasury. The plan could see interest rates charged on students loan rise. January 2014

Helb beneficiaries get one-month amnesty to clear loans

Business Daily, Monday 17 June 2013
Graduates who have not paid loans borrowed to finance their university education have one more month to do so without suffering the heavy penalties imposed on defaulters by the agency that administers the loans. The Higher Education Loans Board (HELB) says it has granted the one-month waiver to make it easy for the defaulters to pay up and to maximize its loan recoveries. The defaulting loanees will enjoy the waiver if they pay the outstanding dues in lump sum between May 6 and June 6, 2013.
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Over Sh250m collected as graduates throng HELB in last-minute rush to clear advances

The Standard Wednesday, June 5th 2013
“As at yesterday, we have served 10,256 clients. Of these, some 2,900 graduates have repaid their loans with over 250 million collected,” said Geoffrey Monari, Loans Recovery and Repayment Manager. Some of the graduates who spoke to The Standard said they had queued for up to six hours to get service. They however noted that it was worth the wait as of them were exempted from paying as much as Sh 200,000 after the waiver.
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Varsity students to wait one more month for loans

Business Daily, Sunday, June 9 2013
The full impact of the double-intake admissions policy in Kenya’s public universities became clear last Friday after the higher education financier said any new disbursement of loans has to await release of budget funds for the next financial year by the Treasury. The announcement by the Higher Education Loans Board (Helb) means about half of the 4,832 students who joined the University of Nairobi (UoN) last month have to wait longer to access money they need to finance tuition, accommodation and personal expenses.
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Kenya: HELB Talks Tough As Waiver Date Expires Today

The Star 6th June 2013
HELB loan defaulters could soon find themselves in court. CEO Charles Ringera further says they have partnered with several institutions including NSSF, NHIF, and KRA among others to ensure defaulters pay their loans. He says defaulters will have a difficult time in getting loans from credit facilities because of their repayment history. Employers will also be taken to court for failing to remit monthly deductions of their employees.
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Graduates blame employers, harsh times for bad debt history

The Standard; Wednesday, June 5th 2013
Harsh economic times, low pay and failure by employers to remit deductions are some of reasons many university graduates have accumulated huge arrears for Higher Education Loans Board (Helb) loans. Interviews with some defaulters yesterday revealed that with low pay, family matters and efforts to eke a living, it has been difficult to repay loans. Antony Kamau, who graduated from Egerton University in 2010, said even after he got employment with a local NGO, he was unable to start servicing his loan.
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