Wednesday 18 January 2012

NOTICE TO ALL EMPLOYERS BY THE HIGHER EDUCATION LOANS BOARD

NOTICE TO ALL EMPLOYERS

The Higher Education Loans Board hereby reminds all employers
that they are required by law [HELB ACT CAP 213A] to inform the
Board in writing within three months of employment of any University
graduate.
Upon confirmation by the Board that such a person so employed is a
loanee, they will be expected to deduct from the wages or remuneration
of the loanee, the amount of any loan as instructed by the Board.
Further the Board wishes to advise employers that failure to comply
attracts a penalty of Kshs. 3,000.00 for each month per University
graduate payable by the employer as per section 17 (2) of the HELB
ACT.
Our inspectors shall be carrying out countrywide inspections to ascertain
compliance to the HELB ACT as stipulated in section 23 of HELB ACT.
Enquiries should be addressed to:
 
The Secretary/CEO
Higher Education Loans Board
P.O. Box 69489-00400
NAIROBI

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