News

HELB loan defaulters to be published on newspapers

The Higher Education Loans Board (HELB) has warned beneficiaries with unpaid loans that their names and pictures will be published in leading newspapers and legal action taken on them.

In a notice sent out to the general public, HELB stated those affected are beneficiaries who had not paid back their loans with some dating back to as early as 1975.

“Please take note that the names and pictures of HELB loan beneficiaries who have defaulted repayment of the loan from 1975 to date shall be published in the leading newspapers after expiry of 30 days from the date of notice and thereafter legal action may ensue against each defaulter as stipulated in the HELB act,” read HELB’s statement in part.

In the notice, HELB stated that some loan defaulters had not responded to the communication addressed to them and the defaults were hindering their services to other deserving students in higher institutions.

“The HELB student loan is a government debt which should be repaid as per the terms and conditions on which it was advanced,” HELB said in the notice.

The loans’ issuing body asked defaulters to contact them via dru@helb.co.ke for particulars of their loan accounts and confirm their loan status via the HELB portal.

In May this year, HELB said over 440,000 loan defaulters expected to pay Sh52.1 billion were on the run and announced recovery strategies to be formulated in the 2019-2023 strategic plan.

Hello GPT

Most Popular

Your site title
To Top