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Government Changes HELB Loan Application Guidelines

The national government is planning to change the application procedure of the Higher Educations Loans Board (HELB).

In the latest raft of measures, the government is seeking to have those who have been locked out of the process guaranteed access.

In the new proposal contained in the Higher Education Loans (Amendment) 2021, students without National Identity Cards will be allowed to apply for the loans.

This means that students will be able to apply for the loans using their parent's National Identity Cards where their parents will be listed as co-signatories.

Currently, applicants below 18 years are locked out exposing them to financial hurdles while disrupting their studies.

HELB loan applicants are required to provide their national ID numbers as well as that of their parents on the board's online portal.

“This will ensure that university students who have not attained the age of eighteen years and who do not yet have nation identification cards are allowed access to the higher education loans,” the memorandum of the Bill says.

According to the proposal, universities whose graduates fail to secure jobs within four years of graduation will have their funds slashed.

“Performance-based funding is funding aimed at allocating a portion of universities education budget according to specific performance measures. It makes funding allocating more transparent and more competitive,” University Fund stated in its proposa

“The key performance indicators to be considered will be four-year graduation rate, graduate employability rate (one year after graduation) and research inputs.l.ts.”

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HELB Higher Education Loans National Identity Cards

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