- What is the interest rate on HELSB student loans?
From September 2018 to December 2023, the interest rate on HELSB student loans was set
at 15%. Starting January 2024, the interest rate was reduced to 10% following a
government directive. - How is interest applied to my student loan?
Interest is applied through an amortization process, where each monthly payment is
divided into two parts: interest and principal. Initially, a larger portion of your payment
goes towards interest, but over time, more of it goes towards reducing the principal
balance.
Higher Education Loans & Scholarship Board (HELSB)
Menu
News & Updates
