Beneficiaries of the Higher Education Loans Board (HELB) are required to start repaying their student loans regardless of whether they are formally employed or unemployed.
In a notice on Wednesday, November 11, HELB clarified that loan repayment begins within one year of completing studies, meaning graduates without formal employment are also expected to begin servicing their loans.
The Board encouraged borrowers who are unemployed or those that are self employed to make repayments based on what they can afford.
According to HELB, it recommends a baseline of Ksh1,500 for informal and low-income learners, as borrowers are encouraged to start with manageable amounts and maintain consistency.
"Your hustle is valid, and so is your repayment plan. Whether you’re selling jeans, running a kiosk, or freelancing, you can still repay your HELB loan. Start small, stay consistent, and help the next student reach their dream," HELB stated.
"HELB loan repayment begins within one year of completing your studies, whether you are formally employed, self-employed, or running a business. A minimum recommended baseline is Ksh1,500 for informal or low-income earners," it added.
Beneficiaries can also begin making voluntary payments before or after completion of studies to reduce the loan balance.
The Ksh1,500 recommendation means borrowers opting for gradual repayment can make monthly payments of at least the stated amount as they work towards…
