Higher education learners in tertiary institutions and Universities have been benefiting from the financial assistance from the Higher Education Loan Board who pay part of their tuition fee and cater for the upkeep.
Several changes have been made concerning the application process and now the board have announced a major change which will benefit several learners.
According to a press announcement released by Safaricom, the telecommunication company will be joining hands with HELB to promote allocation of the loans to the beneficiaries mobile banking (Mpesa) directly.
Other than allocating the money to the mobile banking, Safaricom assured that they will ensure that the students spend their money responsibly without misusing it on other miscellaneous items.
The tuition fee will get directly to their various school accounts, while the upkeep money will be deposited in their Mpesa.
Confirming the good news, Sitoyo Lopokoiyit, the Chief Financial Services Officer of Safaricom was quoted saying, "Technology today is not only revolutionizing every aspect of our lives but also creating opportunities to enhance efficiency and accountability.
We are pleased to support the Higher Education Loans Board to deploy a solution that suits the digital lifestyle of students in tertiary institutions."
Will this be a huge boost for the learners who have been struggling to access their bank accounts in the last?
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