HELB Announces Hefty Penalties for Employers Over Non-Compliant Beneficiaries

The crackdown marks a significant shift in HELB’s recovery strategy, with both employers and beneficiaries now facing harsh financial consequences if they fail to disclose their repayment status...

✨ Key Highlights

The Higher Education Loans Board (HELB) is imposing new penalties on non-compliant employers and loan beneficiaries to recover over Ksh100 billion in outstanding debt.

Employers failing to disclose staff with HELB loans or remit deductions face a fine of Ksh3,000 per employee per month, backdated to the hire date.
The HELB is pursuing over 20,000 companies and approximately 360,000 beneficiaries in default.
Loan beneficiaries in default will incur a monthly penalty of Ksh5,000.