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A Quick Introduction to HELB

A Quick Introduction to HELB Image

The higher education’s loan board commonly referred to as HELB is an loan disbursement department under the ministry of higher education which is charged with the mandate of providing students with financial assistance so as to make their life in campus more bearable and convenient through meeting the costs incurred while in school.

However, due to the fact that the government is disbursing the HELB to the students.There are a number of conditions which they are supposed to fulfill in order to get the funds, and also for the authorities to prioritize on the neediest students due to the large number of applicants with the loans board. Some of the requirements to qualify for the higher education loan include;

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HIGHER EDUCATION LOANS IN KENYA

HIGHER EDUCATION LOANS IN KENYA Image

KCB BANK MASOMO LOANS Masomo loans are aimed at enabling the working class students who are undertaking a graduate course in public and private university. It is generally intended for the purpose of education advancement. This loan can be issued to parents/guardians for individuals with salaries or students furthering their studies. THE REQUIREMENTS ARE: An […]

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Advantages of a bank loan in Kenya

Advantages of Bank Loans in Kenya Image

A bank loan enhances medium or long-term finance. Some kind of security for the loan is a requirement in most cases. Bank loans are very good for financing investments especially fixed assets. The interest charged on a bank loan can be fixed of variable depending on the policies of the bank. Bank loans can prove […]

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The benefits of student loans in Kenya

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While having a lot of student loans can be burdensome, there are some upsides of graduating with a bit of debt, especially the one you acquire from the department of education. Sometimes it is absolutely necessary for a student to require some financial help so as to complete his/her education. As a student don’t be so sad about it as there are two sides to every opportunity, the bad and the good.

Interest rate reduction

One of the larger benefits of student loans is that the interest you pay on the loans is often deductible, meaning you can subtract it from your income, reducing your tax burden for the year. The loans offered by the ministry of education in Kenya is deductible once you have finished your schooling and been employed. This ensures you study without much hassle and make payments later once you are employed.

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