The Higher Education Loans Board (HELB) on Wednesday, January 3, announced that the government, through the agency, was offering loans to Kenyan nurses seeking to further their studies.
According to HELB, nurses who take up this offer will be advanced Ksh500,000 towards paying their tuition fees.
The amount will be payable over a five-year period and will attract a modest interest rate of 4 per cent.
Titled Advanced Nursing Education Fund, the credit will be accessible through the HELB portal, according to the government entity.
“This is for nurses pursuing advanced and specialised courses in approved training institutions in Kenya,” HELB stated, adding that the loans were flexible and affordable.
Requirements for Loan Application
Students interested in the Ksh500,000 must provide a copy of an admission letter from a HELB-compliant institution.
The loan is available for continuing nursing students as well as those seeking to enrol for further studies and have already secured an admission letter.
Additionally, interested applicants must submit a filled application form which can be accessed through the HELB portal.
Other documents needed for eligibility include a copy of the national identity card and three recent payslip copies certified by the employer.
In other news, HELB informed undergraduate students who had applied for first-year funds that disbursement was yet to be done.
HELB revealed that the loans had already been allocated, and the entity was working on making the disbursement.
The loans will be disbursed under the new funding model - the Higher Education Funding (HEF) unveiled by President William Ruto in May 2023.
Under HEF, students are grouped into vulnerable, extremely needy, needy or less needy.
