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 )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More