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| HELB partners with Mpesa |
The HELB M-Pesa solution has erased lengthy and time-consuming protocols for students who would otherwise have to apply for HELB loans physically. The system will be effective in managing and monitoring all loans throughout a student's loan lifecycle. How is HELB M-PESA disbursement granted? HELB in Kenya has partnered with Safaricom to offer a convenient way for students to receive and manage their loans through M-Pesa. This partnership allows students to receive their HELB loan funds directly into their M-Pesa accounts, providing greater ease and efficiency in accessing and utilizing the funds. M-Pesa enables HELB to release funds for specific expenditures only. Allocations such as tuition, library fees, and accommodation will only be accessible through the pay bill accounts for respective universities or TVET institutions. HELB will transfer students' upkeep allowance to their M-PESA wallet for everyday use. Education Cabinet Secretary Ezekiel Machogu announced that the government released a second batch of Ksh.14.4 billion for scholarships and loans to first-year students in public universities. The funds would benefit the 2023/2024 continuing students in their second semester of study. How to check your HELB portal disbursement status? The HELB student portal allows you to check the disbursement status of your loan. Below is a step-by-step guide on how to check HELB disbursement. You can view your disbursement status either through the HELB portal or mobile application: HELB app or web portal: Log in to your HELB account through their app or the HELB student portal on their website. This will show your loan status, including disbursement. USSD code: Dial *642# on your phone and follow the prompts to log in and view your loan status. To qualify for a HELB loan, students must be Kenyan citizens enrolled in a recognized institution of higher learning. How to withdraw HELB money from M-Pesa below is a simple HELB M-Pesa wallet guide. This will enable you to withdraw the funds from the HELB Mini app. Download the M-Pesa app from the Google Play Store or Apple App Store. Register on the M-Pesa app using your M-Pesa registered phone number. Log in to the M-Pesa app and navigate to the home page. Go to categories and select the "Education" tab. Choose HELB from the education tab. Register on the HELB Mini app. Sign in with your M-Pesa registered phone number, and you will receive a verification code via SMS. Log in using the verification code. Navigate to the home page tab and click the withdraw button to transfer your funds to your M-Pesa account. How long does it take for a HELB loan to be disbursed after allocation? HELB typically disburses funds within two weeks before the start of each semester in Kenya, covering both undergraduate and TVET loans. These loans are allocated twice a year, at the beginning of each semester. To ensure timely processing, applicants should apply at least one month before the semester begins. How to pay HELB via M-Pesa? Paying the Higher Education Loans Board (HELB) in Kenya via M-Pesa is a straightforward process. Here is a step-by-step guide to follow: On your mobile phone, open the M-Pesa menu. Select "Lipa na M-Pesa". Select "Pay bill". Enter HELB's business number, which is 200800. Enter your account number, which is your National ID Number. Enter the amount you wish to pay. Enter your M-Pesa PIN to authorize the transaction. Check the details you have entered and confirm the payment. You will receive a confirmation message from M-Pesa and HELB confirming that the payment has been received. HELB is responsible for the recovery of loans disbursed to students. Which batch number has HELB disbursement reached? To find out the specific batch number for the current HELB disbursements, you will need to check the HELB's latest news today on disbursement from their relevant official communication channels. HELB typically provides updates on disbursements through its official website, social media accounts, and student portal. When is HELB disbursement for the first years? First-year HELB disbursements typically happen in November, around the beginning of the academic year. Disbursement for the 2023/2024 academic year for the first year occurred in November 2023. The HELB M-Pesa disbursement process will streamline the process of providing student loans and financial aid. This system leverages Safaricom’s M-Pesa mobile money platform to deliver funds directly to students. DISCLAIMER: This article is intended for general informational purposes only and does not address individual circumstances. It is not a substitute for professional advice or help and should not be relied on to make decisions of any kind. Any action you take upon the information presented in this article is strictly at your own risk and responsibility! Tuko.co.ke recently published an article about HELB interest rates, requirements and penalties today. HELB loans are offered to students enrolled in recognized Kenyan public universities or chartered private universities within the EAC. There are three types of loans offered by HELB. The interest incurred on HELB loans varies based on individual allocation amounts. Read on to find out how much you will pay if you were granted any of the three HELB loans.
by Winnie Mwangi Adrianna Simwa
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