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June 17, 2025
5mo ago

HELB Announces Massive One-Month Discount for Loan Defaulters

HELB Announces Massive One-Month Discount for Loan Defaulters

Loan defaulters have been urged to take advantage of the once-in-a-lifetime opportunity...

✨ Key Highlights

The Higher Education Loans Board (HELB) has announced an 80 per cent discount on penalties for loan defaulters, valid for the next 30 days from June to July 2025.

  • Defaulters must repay their loans in full to benefit from the discount.
  • Geoffrey Monari, HELB CEO, revealed the initiative amid backlash over plans to utilize law enforcement to recover debts.
  • Notably, over 44,000 teachers are currently servicing their loans, contrasting with higher defaults among professionals in the private sector.

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