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HELB Finally Responds To Raila's Promise To Give Students Free Loans

The Higher Education Lending Board (HELB) have finally broken their silence and responded to ODM leader Raila Odinga's promise to University students.

This comes after the Former Prime Minister while addressing students of Meru University during his tour of the Meru County region, that once he forms the next government he will ensure that the HELB money given to students will be considered as grants.

"I said that when we take over the government, we will convert HELB into a grant,” said Raila during the tour.

However, according to HELB Chief Executive Officer, Charles Ringer, the proposal is not possible since the government is already running a Ksh43 billion grant through the Universities Fund (UF).

"This is money (grant) is paid to students in universities through the Differentiated Unit Cost (DUC) and they do not pay it back," Ringera noted.

He also added 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,” He added.

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

Charles Ringer HELB Higher Education Lending Board Meru Raila

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