Higher Education Loans Board (HELB) has blacklisted more than 68,000 graduates for defaulting on their loan repayments and forwarded their names to the Credit Reference Bureau (CRBs).
The list includes both beneficiaries of higher education loans who are either in employment or still unemployed.
The blacklisted borrowers will not be allowed to access credit from any financial institution for a period not less than seven years from the time they complete their last loan repayment instalments, according to the new regulations governing the operations of the CRBs.
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