No, the payment for HELB Batch 5026 has not yet been finalized.
The Higher Education Loans Board (HELB) is a statutory entity established in July 1995 through the enactment of the ‘Higher Education Loans Board Act’ Cap 213A by Parliament. HELB is entrusted with the responsibility of supporting students in their endeavors to attain higher education within recognized institutions.
In late July 2023, HELB initiated the opening of its portal for students enrolling in universities and colleges to apply for loans for the academic year 2023/2024. Regrettably, there have been some delays in the disbursement of funds, attributed to financial constraints. The HELB Communications Officer has unequivocally confirmed that no payments have been disbursed thus far.
The iVerify Network of Fact-Checking Desks has fact-checked this content and established that it is Misleading.
To arrive to this conclusion, the iVerify Network of Fact-Checking Desks has conducted the following process. On September 14, 2023, we reached out to Collins Weya, the Communications Officer at HELB, who promptly refuted the claim, stating unequivocally that no payment had been disbursed. The Ministry of Education has officially extended the deadline for Higher Education Loans and Scholarships applications. The new closing date is October 7, 2023.