Higher Education Loans Board (HELB) issued a directive urging civil servants to consider applying for the Training Revolving Fund (TRF) loan.
Developed in collaboration with the Ministry of Public Service, this loan is specifically designed to cater to civil servants within the national government, county governments, and the National Police Service.
In an enthusiastic notification, HELB announced the commencement of the application period for the Training Revolving Fund – TRF Loans, emphasizing its availability for civil servants. According to HELB, civil servants have the opportunity to apply for loans ranging from Ksh30,000 to Ksh500,000, and these funds can be repaid over a period of six years.
The loan, featuring a notably low annual interest rate of 4%, is intended to assist federal officials in covering various educational expenses. These include tuition fees, examination costs, library fees, as well as computer and research fees. HELB has outlined the eligible courses supported by the revolving fund, encompassing postgraduate studies, master’s and doctoral degrees, along with three-month short courses.
For civil servants interested in availing themselves of this opportunity, specific requirements must be met. This includes providing at least two coworkers to serve as guarantors and submitting a recommendation letter from their respective organization. Additionally, applicants are required to present an admission letter from the accredited university where they plan to pursue their studies.
The documentation required for the application process includes three copies of the most recent pay slips, a certified copy of the national identification card (ID), a certified Kenya Revenue Authority (KRA) pin, and current colored passport-sized photographs.
The repayment of the loan is structured to commence in the first month following the disbursement of funds. This process will be facilitated through a monthly check-off mechanism from the employer’s payroll.
Notably, this announcement follows closely on the heels of HELB’s approval of loans of up to Ksh500,000 for Kenyan nurses seeking to advance their education. The Ministry of Health highlighted that these funds are intended for nurses pursuing advanced and specialized courses in approved training institutions in Kenya.
This concerted effort by HELB demonstrates a commitment to supporting the educational aspirations of various professionals within the country.