HELB issues reminder to employers to remit loan deductions by 15th of every month
The Higher Education Loans Board (HELB) has reminded employers to ensure all HELB loan deductions made from employees’ salaries are remitted by the 15th of every month to maintain compliance with statutory obligations. In a reminder issued to employers on Friday, August 14, 2026, HELB emphasised the importance of timely remittance of loan deductions to […]
The Higher Education Loans Board (HELB) has issued a reminder to employers, urging them to ensure that all loan deductions from employees' salaries are submitted by the 15th of each month to comply with statutory requirements. In a communication sent on August 14, 2026, HELB stressed the significance of punctual remittance of loan deductions to keep beneficiaries' loan accounts up-to-date and meet employers' monthly obligations.
The board urged employers to use its online portal for registration and prompt submission of deductions once they become due. Employers who have not registered on the HELB employers' platform are advised to complete the registration process and familiarize themselves with the rules governing monthly loan deduction remittances. This reminder is part of HELB's ongoing campaign to enhance compliance among employers responsible for deducting loan repayments from employees and transmitting the funds to the board.
The board aims to prevent delays in updating borrowers' repayment records and to aid in recovering education loans, thereby sustaining the revolving fund for future students.
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