First Time Applicants For Helb Loan To Receive Funds Next Week.
First Time Applicants For Helb Loan To Receive Funds Next Week.
Tvet and firts year students are set to harvest full from the new funding model as helb Releases Funds.
In a communique to the news room the education Cs machogu calls all the applicants to ensure their credentials are correct.
Under the new funding model students can access their cash via the mobile app.
Click here to Check out on the dates of disbursement of funds
Thi higher loans board has finalised the processing of loans for both the first year students and the TVEt instutions.
Beggining on Tuesday 7th November students whose had applied successfully will receive funds.
The helb loans board gave a communication earlier that as from Tuesday students should check their accounts for the funds.
Furthermore the Cs machogu says all the applicants should confirm that their bank accounts they provided are active.
New funding model.
Under the new funding model it will cater for the needy students .
President William Ruto gave out the new funding model that has 4 categories , beggining from the vulnerable, most needy , needy and the less needy .
This new funding model will enable students from poor families to receive schorlaships and loans at the same time to enable them finish school .
Those from richfamilies will deep into their full pocket to support their students.
The vulnerable are set to receive 100% schorlaship with the government schorlship standing at 82% while the loan takes 18%.
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The extremely needy students will get 70% schorlaship and 30 % of the loans contributes to tuition fee.
Thirdly the needy and less needy students receive 93 % of the government schorlaship while 7% of the loan is for household contributions.
Lastly the government through the Cs for education machogu says that the new funding model will see students join universities with easy.
The parents will have to deep into their pockets to facilitate their children stay in the university .
Earlier on the government gave a communication that the subsidy for education came to the end and now parents will have to bear the burden.
First Time Applicants For Helb Loan To Receive Funds Next Week.