University students will now receive less money, according to the Higher Education Loans Board (HELB).
In an interview with a local news organization, Ringera explained that the decision was made to guarantee that as many kids as possible benefit from the fund.
HELB leadership also stated that effective Monday, September 6, all first-year students enrolling in universities will receive their funding in October.
Further,he explained that the board decided to postpone the remission to allow as many students as possible to apply and to conduct a proper assessment to determine who is most in need and eligible.
He also stated that the board frequently pays Ksh70,000 in capitation fees to students and Ksh16,000 in tuition fees to colleges.
The rest of the school costs will be paid by the students from the Ksh38,000 they receive in their bank accounts each year.
Over 128,000 students were accepted to universities in the most recent cohort, while over 193,000 were accepted to colleges.
All continuing students have received their money as of now.
This happens just a week after Parliament rejected a plan to prolong the repayment time and lower HELB interest rates.
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