The Higher Education Loans Board (HELB) has urged civil servants to apply for a loan from the Training Revolving Fund to further their studies.
On Wednesday, August 12, the board stated that the loan is intended for civil servants employed by the Ministries, County Governments, the Teachers Service Commission or the National Police Service. "This fund is set aside for the Ministry of Public Service to work in collaboration with HELB for Civil Servants in the National Government, County Governments, National Police Service, and Teachers Service Commission (TSC) to pursue Certificate, Diploma, Higher National Diploma, Master's, PhD, and Professional courses," a HELB statement reads.
The loan board stated that there are no processing fees for the loan, which offers civil servants up to Ksh500,000 per year. People waiting to be served at the HELB offices in Nairobi.
Photo BD HELB noted that the repayment period is up to 72 months, managed through a check-off system, and that the loan carries an interest rate of 4 percent on a reducing balance.
