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HELB Finally Responds To Raila's Push To Give University and TVETs Students Free Loans

Earlier this week while he was addressing students at Meru University of Science and Technology, Raila Odinga noted that comrades will not pay back HELB loans when he ascends in power. He further revealed that he would convert the loan into grant and justified his move was to enhance equal opportunities to all learners irregardless of their socio_economic status.

Few days later Higher Education Loans Board (HELB) has issued a strict warning against the move. Through the Chief Executive Officer (CEO) Charles Ringera, HELB has said that the government is currently running 43 Billion grant through the University Fund (UF) programme. The grant is paid to students through Differentiated Unit Cost (DUC) and they don't pay it back.

Ringera also noted that HELB already runs 237 million bursary which takes care of desperate cases in the country. Every needy student is awarded Ksh 8,000 catering for 137 million University students and 100 million for TVETs students. He argued that HELB loan component should remain to ensure that more students are helped financially.

Raila was initially pushing for the idea of HELB through Building Bridges Initiative (BBI) which was declared unconstitutional by Court of Appeal. He had renewed it under his economic model aiming to cushion students. His move comes as he drum up his Presidential bid in 2022 general elections.

Content created and supplied by: Elizabeth22 (via Opera News )

Charles Ringera HELB Meru University of Raila Odinga TVETs

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