HELB Announces Ksh500,000 Loan For Kenyan Nurses


The Higher Education Loans Board (HELB) on Wednesday, January 3, announced that the government, through the agency, was offering loans to Kenyan nurses seeking to further their studies. 

According to HELB, nurses who take up this offer will be advanced Ksh500,000 towards paying their tuition fees. 

The amount will be payable over a five-year period and will attract a modest interest rate of 4 per cent. 

Titled Advanced Nursing Education Fund, the credit will be accessible through the HELB portal, according to the government entity. 

Photo of students lining up to submit their HELB details at Anniversary Towers in Nairobi County.

Photo

“This is for nurses pursuing advanced and specialised courses in approved training institutions in Kenya,” HELB stated, adding that the loans were flexible and affordable

Requirements for Loan Application

Students interested in the Ksh500,000 must provide a copy of an admission letter from a HELB-compliant institution. 

The loan is available for continuing nursing students as well as those seeking to enrol for further studies and have already secured an admission letter. 

Additionally, interested applicants must submit a filled application form which can be accessed through the HELB portal. 

Other documents needed for eligibility include a copy of the national identity card and three recent payslip copies certified by the employer. 

In other news, HELB informed undergraduate students who had applied for first-year funds that disbursement was yet to be done. 

HELB revealed that the loans had already been allocated, and the entity was working on making the disbursement. 

The loans will be disbursed under the new funding model – the Higher Education Funding (HEF) unveiled by President William Ruto in May 2023. 

Under HEF, students are grouped into vulnerable, extremely needy, needy or less needy. 

A photo of university students during a graduation ceremony in Kenya

Photo

Daniel Wesangula





Source link