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HELB REPAYMENT- ADVICE!
Rank: Elder Joined: 5/21/2013 Posts: 2,841 Location: Here
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dunkang wrote:King G wrote:But there is a way they are zeroing in on guys. they sent me a message from nowhere on a line i rarely use. kushutuka nayo. but niko strong. They are sending it to everyone. Today they sent me the 2nd one this month. Me i defaulted roho safi after their fines became unbearable! Wewe lipa ndio wengine wapate kusoma pia, ara  They sent me the second message today too though I've already cleared my loan. Roho safi kama sio HELB (aka 'chacha') masomo haingewezekana kwa wengine wetu. Life is like playing a violin solo in public and learning the instrument as one goes on.
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Rank: Veteran Joined: 9/19/2011 Posts: 1,694
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Rank: Member Joined: 10/26/2011 Posts: 181 Location: Nairobi
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Waiver found me as I was just about to clear the principal. After accumulating penalties of 85k, I got a shocked into action and started paying off little by little, mara 2k here, 3k there, but I made sure there was a minimum 2k payment each month. So when they put up the waiver, my balance was 105k (incl 85k penalties), so I asked and got my statement showing I only needed to pay 20k. Nikalipa and certificate pap! I hate student loans because they live with you until you die...unless off-course you pay them off. First time in history we can save the human race by laying in front of the TV and doing nothing. Let's not screw it up
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Rank: Member Joined: 8/16/2012 Posts: 660
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Jobless university graduates to get Helb loans relief  Quote:University graduates who do not secure jobs within one year of graduation to enable them repay their State education loans will be spared penalties if MPs approve proposed changes to the Higher Education Loans Board (Helb) Act.
The graduates will be required by law to notify Helb in writing on the lack of a source of income a year after receiving their degrees or diplomas, upon which the board will not levy penalties on the loan. Quote:Helb has at times waived the penalties at its discretion, but the amendments proposed by Kiharu MP Irungu Kangata seek to entrench the practice in law. Live and learn; and don’t forget, nothing ventured, nothing gained.
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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Museveni wrote:Jobless university graduates to get Helb loans relief Quote:University graduates who do not secure jobs within one year of graduation to enable them repay their State education loans will be spared penalties if MPs approve proposed changes to the Higher Education Loans Board (Helb) Act.
The graduates will be required by law to notify Helb in writing on the lack of a source of income a year after receiving their degrees or diplomas, upon which the board will not levy penalties on the loan. Quote:Helb has at times waived the penalties at its discretion, but the amendments proposed by Kiharu MP Irungu Kangata seek to entrench the practice in law. I had accumulated a loan for 9 yrs and the loan was for 150,000 after adding penalties , it became almost a million. Went there and talked to someone who waived off the 800k but had to go to board . Beside that one year is too short for someone to get a job .way too short they need to give it more time.
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Rank: Elder Joined: 5/21/2013 Posts: 2,841 Location: Here
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http://www.sde.co.ke/the...ed-me-to-commit-suicide
Quote:On the day, I nearly threw myself from the 13th floor of Anniversary Towers, where I had gone to negotiate for more time. I was sent to a middling, well-fed, dark woman in her late 30s. She looked motherly and I was in high spirits, hoping that she will accord me some motherly empathy. I had totally misjudged her. She turned out to be the most misanthropic person I have ever encountered in a public office. Life is like playing a violin solo in public and learning the instrument as one goes on.
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Rank: Member Joined: 1/9/2015 Posts: 188
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Rank: Member Joined: 1/20/2015 Posts: 489 Location: Nairobi
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I owe HELB 350k as we speak and i just pay 500/= every month!! Enjoy every moment of your life, you never know when your time will come.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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UpcomingPaperChaser wrote:I owe HELB 350k as we speak and i just pay 500/= every month!! You will 60 years to clear! All the best! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: User Joined: 8/15/2013 Posts: 13,236 Location: Vacuum
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Impunity wrote:UpcomingPaperChaser wrote:I owe HELB 350k as we speak and i just pay 500/= every month!! You will 60 years to clear! All the best! Nope,It will take him 700 months to clear assuming that there is no interest accruing If Obiero did it, Who Am I?
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Rank: Member Joined: 8/16/2012 Posts: 660
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enyands wrote:Museveni wrote:Jobless university graduates to get Helb loans relief Quote:University graduates who do not secure jobs within one year of graduation to enable them repay their State education loans will be spared penalties if MPs approve proposed changes to the Higher Education Loans Board (Helb) Act.
The graduates will be required by law to notify Helb in writing on the lack of a source of income a year after receiving their degrees or diplomas, upon which the board will not levy penalties on the loan. Quote:Helb has at times waived the penalties at its discretion, but the amendments proposed by Kiharu MP Irungu Kangata seek to entrench the practice in law. I had accumulated a loan for 9 yrs and the loan was for 150,000 after adding penalties , it became almost a million. Went there and talked to someone who waived off the 800k but had to go to board . Beside that one year is too short for someone to get a job .way too short they need to give it more time. Good idea. They could have added that the graduates notify the board when in employment. And since the P.A.Y.E data is always available, fine those who fail to notify them when ready to restart repayment of their loans. Live and learn; and don’t forget, nothing ventured, nothing gained.
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Rank: Member Joined: 8/20/2008 Posts: 83
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Mine cleared a while back after HELB clearance certificate was required for something I was following up. The penalties and interests were more than 3 times the principal. Felt like a daytime rip-off. I have considered lobbying my MP to insert the in-duplum clause in the bill once it comes for debate, just like they did with the banks. The interest and penalties SHOULD NEVER exceed the outstanding principal. My views
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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#HELB This is one word the young & hustling do not want to hear. The HELB clearance certificate is a requirement in order to get employment in some organizations. History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Rank: User Joined: 1/20/2014 Posts: 3,528
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BGL wrote:#HELB
This is one word the young & hustling do not want to hear. The HELB clearance certificate is a requirement in order to get employment in some organizations. For employment, you dont need a clearance certficate, but status of the loan and repayment schedule. Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Member Joined: 1/25/2010 Posts: 344
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Othelo wrote:BGL wrote:#HELB
This is one word the young & hustling do not want to hear. The HELB clearance certificate is a requirement in order to get employment in some organizations. For employment, you dont need a clearance certficate, but status of the loan and repayment schedule. what if you did not take a HELB loan?
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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theking wrote:Othelo wrote:BGL wrote:#HELB
This is one word the young & hustling do not want to hear. The HELB clearance certificate is a requirement in order to get employment in some organizations. For employment, you dont need a clearance certficate, but status of the loan and repayment schedule. what if you did not take a HELB loan? Quote:What irked KOT more was the fact that while Helb beneficiaries get the certificate free of charge, non-beneficiaries have to part with the modest fee.
That is not all. The Helb recovery manager Geoffrey Monari says that the certificates are valid for one year meaning non-beneficiaries have to fork out Sh1,000 annually if they need the certificate.
The board took to social media to announce the requirements.
“Ksh, 1000 is for non loanees. Loanees are issued with a cert (sic) free of charge. Where one is not a beneficiary they will be required to pay 1000Kshs for the Helb clearance certificate,” tweeted Mr Monari.
“The clearance certificates are valid for one year, afterwards one has to renew them with us.” http://nairobinews.co.ke...t-are-annoyed-with-helb/
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Last week a colleague had his loan top up rejected at the bank, reason he's blacklisted by HELB  He had to present himself and negotiate repayments. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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Boris Boyka wrote:Last week a colleague had his loan top up rejected at the bank, reason he's blacklisted by HELB He had to present himself and negotiate repayments. We are catching up with the western way of life . " my credit score is messed up" .soon there will be some recollection companies and other companies that help restore your credit score . Soon we will have equifax. It's good and bad at the same time .but time will tell .
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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enyands wrote:Boris Boyka wrote:Last week a colleague had his loan top up rejected at the bank, reason he's blacklisted by HELB He had to present himself and negotiate repayments. We are catching up with the western way of life . " my credit score is messed up" .soon there will be some recollection companies and other companies that help restore your credit score . Soon we will have equifax. It's good and bad at the same time .but time will tell . It was prophesied here along time ago; LINK Receive with simplicity everything that happens to you.” ― Rashi
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