HELB Gives Employers till Thursday to Discharge Employee Deductions or Face 5% Penalty
Higher Education Loans Board (HELB) has sent a reminder to all employers regarding the HELB deduction deadline for all employers.
HELB tweeted the following information: “ You have just 3 days left to discharge your employee HELB deductions. Remit by the 15th and help us keep dreams alive.”
HELB urged employers to ‘ensure timely and consistent deductions of HELB loan repayments’ on their social media account in order to assist them in empowering aspirations.
Over the past 27 years, HELB has supported the dreams of over 1.23 million students and disbursed over Kshs. 130.1 billion, according to a statement on the HELB website.
HELB also reminded employers of the repercussions of neglecting to remit loan deductions by the specified date.
“All loan deductions must be remitted to HELB by the 15th of the month following deduction. Failing to remit or delayed remittance attracts a 5% penalty of the total amount due, on the employer,” the post read.
HELB has also identified a bogus website that has been spreading false information about the organization. The board urged all Kenyans to obtain accurate information from their official communication channels.
Using the hashtag #kaachonjo, HELB shared the official social media accounts and other channels through which Kenyans can obtain reliable information.
“Beware of Fake news. Get authentic information from our official channels: Facebook (@HELBPage), Twitter (@HELBpage), email; contactcentre@helb.co.ke or call 0711 052 000. #Kaachonjo,” the post read.
HELB loan repayment
Additionally, HELB has shared their YouTube channel, where they share their ‘partnerships for impact’ experiences.
In addition, HELB provided information on how HELB loan recipients can repay their loans using M-Pesa.
HELB also stated that they have “repayment options that are suitable for everyone,” encouraging Kenyans to visit their website to find a suitable option.
“Whether you prefer the convenience of M-PESA or the ease of a direct bank transfer, we have a repayment option that will work for you. Visit our website today and select the repayment option that suits your needs,” the post read.
HELB has partnered with a number of organizations in an effort to “help promising but financially disadvantaged students continue their education.”
For a very long time, the Higher Education Loans Board has relied on support from the National Government through the Treasury to fulfill its noble mission of assisting deserving Kenyan students pursuing higher education.
As the demand for HELB products continues to rise, the available resources are insufficient to meet it.
“This has resulted in HELB seeking alternative sources of funds having realized that total dependence on Treasury funding is not sustainable in the long run,” HELB website reads.
HELB Gives Employers till Thursday to Discharge Employee Deductions or Face 5% Penalty
