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Originally published by Kenyans
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August 13, 2026
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HELB Announces Major Penalty Waiver for Loan Defaulters

HELB Announces Major Penalty Waiver for Loan Defaulters

HELB recovered Ksh5.21 billion and traced over 17,000 defaulters, yet over 380,000 former students still owe over Ksh40 billion...

✨ Key Highlights

The Higher Education Loans Board (HELB) is offering a significant incentive for loan defaulters, announcing an 80% waiver on penalties for those who fully settle their outstanding student loan balances.

  • Over 380,000 beneficiaries have defaulted on student loans, collectively owing nearly Ksh42 billion.
  • This initiative provides a chance for borrowers to clear their debt and avoid penalties exceeding Ksh5,000 per month per missed installment.
  • Borrowers can repay through the USSD code *642#, the HELB Mobile App, or the Loanee Self-Serve Portal at www.hef.co.ke.

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