In a significant development for accounting students, the Higher Education Loans Board (HELB) has launched a specialized financing program aimed at supporting learners pursuing KASNEB qualifications.
The announcement, made on Monday, introduces the KASNEB Foundation Loan and Bursary Scheme, designed to ease the financial burden of professional accounting education in Kenya.
The KASNEB Foundation Loan and Bursary Scheme is now open, offering support for both your tuition and exam fees. With attractive interest rates and flexible repayment periods. See requirements and apply: https://t.co/qlboq9G5Nh pic.twitter.com/wDGPY5qlHq
— OFFICIAL HELB PAGE (@HELBpage) January 13, 2025
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Official Announcement
“The KASNEB Foundation Loan and Bursary Scheme is now open, offering support for both your tuition and exam fees. With attractive interest rates and flexible repayment periods,” HELB stated in their official communication.
Eligibility Criteria
The scheme specifically targets students enrolled in KASNEB-accredited institutions and covers both educational expenses and examination costs. The following professional courses are eligible for funding:
- Certified Public Accountants (CPA)
- Certified Secretaries (CS)
- Certified Investment and Financial Analysts (CIFA)
- Certified Credit Professionals (CCP)
- Accounting Technicians Diploma (ATD)
- Certificate in Accounting and Management Skills (CAMS)
Financial Terms and Conditions
The loan package comes with several notable features:
- Interest rate: 6% per annum
- Grace period: 3 years post-completion of studies
- Maximum repayment duration: 60 months (5 years)
- Administrative fee: Ksh 500 (charged during disbursement)
Covered Expenses
The scheme provides comprehensive coverage for:
- Tuition fees
- Examination registration fees
- Renewal fees
- Exemption fees
Application Process
To apply for the KASNEB Foundation Loan and Bursary, candidates should follow these steps:
Step 1: Registration
Visit the HELB website (www.helb.co.ke) and access the HELB Students’ Portal to create and activate an account. Important: Use your personal mobile number for registration.
Step 2: Application
- Log into your account
- Navigate to the ‘Application’ tab on the left dashboard
- Choose between two options:
- KASNEB Foundation Loan and Bursary Application – Tuition fees only
- KASNEB Foundation Loan and Bursary Application – KASNEB fees only
Step 3: Documentation
- Review and accept the Consent for the Collection and Processing of Personal Data
- Complete the online loan application form with required details
