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HELB links with NSSF, Immigration dept to net loan defaulters

HELB

The Higher Education Loans Board (HELB) has partnered with the National Social Security Fund (NSSF) and the Immigration Department to rope in more repayments from the thousands of former students who still haven’t start repaying their loan.

 

The new HELB CEO Mr. Charles Ringera said the Fund and the Department will vet and check the public for HELB balances.

 

“We have already signed Memorandum of Understanding with the National Social Security Fund (NSSF) and the Immigration Department to make sure that people using their services have been cleared by HELB,” said Ringera.

 

He also revealed that the Board is working with the Public Procurement Oversight Authority to make it a requirement to have HELB clearances before one supplies goods and services.

 

Ringera added that he has laid down plans to scale up the board’s balance sheet from the current Sh33 billion to Sh70 billion in the next two years and Sh300 billion by 2030.

 

“I am looking into making the board more reliable to Kenyans in terms of financing higher education, with more new universities and tertiary colleges coming up and the rising hunger for higher education there is need for a reliable fund to meet this need,” he said.

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