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'Hakuna Loan Ya Bure' HELB Addresses Raila’s 2022 Campaign Promise To Convert HELB Loans To Grants

The Higher Education Loans Board (HELB) has responded to the promise made by former Prime Minister Raila Odinga to university students concerning the loan. Raila promised students free HELB loan if he wins the 2022 presidential elections.

While addressing Meru University of Science and Technology students earlier in the week, Raila said that university students will not pay back educational loans beginning next year.

However, HELB's Chief Executive Officer, Charles Ringera, has warned against the move. Ringera said the government is already running a Ksh 43 billion grant through the Universities Fund (UF).

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

He further stated that HELB loan is a life saver to millions of Kenyans who lack funds to access higher learning. He said that HELB runs a Ksh 237 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,” Ringera stated.

Content created and supplied by: Kiprotich-Bryan (via Opera News )

Charles Ringera HELB Hakuna Loan Ya Bure' HELB Meru University of Science and Technology Ringera

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