The Higher Education Loans Board (HELB) has announced changes to how it allocates funds to students following the government's decision to scrap the previous funding model.
Unlike the previous years, where funding was done based on students' bands, HELB on Friday, August 22, said the new allocations would be done based on the cost of the programme and a student's level of financial need. "HELB no longer categorises student funding allocation into bands.
Each student's allocation is based on their assessed level of financial need and the cost of the programme," HELB revealed.
The loans board determines the cost of a student's programme by collecting real-time data from the learner's institution.
