When you look at the 2018 the higher student loan board got set up a resources out-of KStitle1
The latest HELB board made legislation and functions for just one who was simply curious to try to get a scholastic loan, brand new conditions and procedures was indeed below:
The fresh candidate need to be looking for a qualification program or degree in a general public or personal chartered College or university. Continuing youngsters have to obtain the after that variations regarding the site. They have to complete they and take they towards the Dean away from People to help you sign and you can posting the newest forms so you can HELB organizations (Senior Fund Administrator) (Personal Interview 2020:1).
In order to earn a studies mortgage, the brand new people must score recommendation letter of master so you’re able to decide one pupil hails from you to geographical area and you can very own Kenya citizenship. Consequently they are likely to feel the after the facts: National Name Credit (ID), KRA Pin, Moms and dads Term Card, Guarantors Label Credit, Mothers Shell out Slips, affidavit away from advocates, dying certification in the eventuality of parent’s passing. Besides the fresh applicant should have already been enlisted to your universities otherwise universities and really should enjoys scored the absolute minimum degrees out-of C+ (plus) on the Kenya Certificate out-of Secondary Studies (KCSE) and be able to prove the newest KCSE results slip (Man 2018: 40-41).
Brand new report implies that since the HELB are depending this has funded over 645,000 people using q overall level of KSh72 million. Whoever has totally reimbursed its financing try 113,100000 of the overall level of KStitle3 billion, while you are 136,one hundred thousand pupils happen to be refunding KSh 30 mil. 5 billion so it necessary to assemble the bill out of KSh 4.5 million using mortgage recovery and you can partnerships.