HELB reminds employers of 15th deadline for loan remittances

The Higher Education Loans Board (HELB) has urged employers to submit employee loan deductions by Tuesday, September 15, 2026. In a statement shared on the board's official X account on Monday, September 14, HELB outlined three essential steps for timely remittances: disclosing employee details, deducting contributions, and discharging payments on time.

This reminder was issued on the eve of the monthly deadline, reminding employers to complete their remittances within the specified timeframe. The board detailed the three steps employers must follow: first, ensuring the accurate disclosure of employees' information; second, deducting the appropriate contributions from employees' salaries; and, finally, discharging the payments promptly so that the deductions reach the board on schedule.

According to HELB, these steps are crucial to ensure that the deductions made from employees' salaries are received by the board within the prescribed deadline. The board warned employers against delaying their monthly remittances, emphasizing the importance of timely remittance to process payments and update borrowers' repayment records.

By highlighting the significance of timely loan repayments, HELB emphasized that recovered funds support the education financing system, allowing the money to benefit other beneficiaries. The board concluded its message by emphasizing the responsibility of employers to ensure that deductions are made and correctly submitted within the required timeline.