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HELB to cut loans they will offer to students in the next financial year

Source: The star Kenya

HELB loan funds were created to help students facilitate their studies and other necessities like accommodation, food and transport, usually HELB offers loans from minimum of 35000 and maximum of 60000.

This year the HELB CEO Ringera said that during this period, HELB had awarded the loans to some 65,000 students in technical colleges and was working with a budget of Sh 2.6 billion.

This means each student was set to receive an average of Sh40,000. However, upon the budget cut, HELB reverted the allocation to the students to nil, putting in jeopardy their ability to clear fee arrears.

Majority of students received messages saying "you were awarded a loan of Sh35,000, but disbursement may not be done due to limited budget. Ensure you apply for 2021-22 subsequent loan once reopened"

If the budget will be continuously as the number of students joining universities and colleges will be increasing yearly this means majority of the students will not be receiving the loan.

Content created and supplied by: Feloky (via Opera News )

HELB Kenya Ringera

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