The Higher Education Loans Board (HELB) has intensified its efforts to recover billions in outstanding student loans with a new offer targeting defaulters through steep penalty waivers.
In an announcement made on Wednesday, July 16, HELB revealed that beneficiaries would enjoy an 80 per cent waiver if they paid their outstanding balances in lump sum payments. "Settle your HELB loan with ease!
Pay your balance in a lump sum today and enjoy up to 80% waiver on accrued penalties," HELB revealed in its statement.
As part of a strategic yet incentivised recovery tactic, HELB invited those willing to clear their loans quickly to contact the board directly for a more personalised offer.
