The Higher Education Loans Board (HELB) has warned loan applicants that nearly 40 percent of cases involve delayed disbursements, according to the organisation. The delays stem from incorrect personal details submitted by applicants during the application process.
Students who rely on government financing to support their education are particularly affected by these payment hold-ups. HELB accounts for a significant share of loan applications in the country, making the disbursement delays a concern for many prospective borrowers.