The ODM leader Raila Odinga had promised university students that they will not pay back the HELB money once he ascends to power in 2022. He made this promise early in the week when he visited Meru University of Science and Technology students.
However, this promise may not work since The Higher Education Loans Board (HELB) has responded to the promise that was made by the Orange Democratic Movement (ODM) leader, Raila Odinga, to university students concerning the loan.
This is because, HELB has warned against the move. According to their fund's Chief Executive Officer, Charles Ringera, the government is already running a Ksh43 billion grant through the Universities Fund (UF) which cannot be extended anymore.
“This money (grant) is paid to students in universities through the Differentiated Unit Cost (DUC) and they do not pay it back," Ringera said
Ringera also added that the HELB loan is a lifesaver especially to millions of Kenyans who lack funds to access higher learning. He noted that HELB already runs a Ksh237 million bursary which takes care of desperate cases.
“We allocate Ksh8,000 per student as bursaries and this translates to Ksh137 million for university students and Ksh100 million for TVETs every year,” Ringera noted.
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