HELB Announces Ksh500,000 Loan For Kenyan Nurses: Requirements
On Wednesday, January 3, the Higher Education Loans Board (HELB) declared that the government, via the agency, was providing loans to Kenyan nurses who aimed to pursue additional education.
As per HELB, nurses accepting this opportunity will receive a Ksh500,000 advancement for their educational expenses.
The sum must be paid within five years and will incur a low interest of 4 percent.
Named the Advanced Nursing Education Fund, this credit will be available via the HELB portal, as per the government organization.
“This is for nurses pursuing advanced and specialized courses in approved training institutions in Kenya,” HELB stated, adding that the loans were flexible and affordable.
Requirements for Loan Application
Students who wish to apply for the Ksh500,000 must submit a duplicate of an acceptance letter from an institution recognized by HELB.
The loan is accessible to both ongoing nursing students and individuals intending to pursue additional studies, provided they have obtained an acceptance letter for their enrollment.
Furthermore, interested individuals must complete and submit an application form available via the HELB portal.
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Additional documents required for qualification comprise a duplicate of the national ID card and three current pay stub duplicates validated by the employer.
In different news, HELB notified first-year undergraduate students who had requested funding that the distribution of funds had not been completed yet.
HELB stated that the loans had been assigned and they were in the process of arranging the distribution of funds.
The funds will be distributed according to the fresh Higher Education Funding (HEF) approach introduced by President William Ruto in May 2023.
According to HEF, students are categorized based on their level of vulnerability and neediness, with groups including extremely needy, needy, and less needy.
HELB Announces Ksh500,000 Loan For Kenyan Nurses: Requirements