HELB is a board that is committed in offering support to students in higher learning institutions.
The body provides funds to students from low income families by giving them loans which is supposed to be repaid once the student completes studies.
On a report by Nation Africa, a large number of student beneficiaries do not use the money received from the Higher Education Loans Board (HELB) for it's intended purpose.
The funds are sent to students accounts at the beggining of every semester while a certain amount of the total allocation is sent directly to the school bank account.
According to the report by Nation Media, some of the students use the money wisely in paying for their school tuition fee balance and accomodations either in school's hostel or off school residences, and also in setting up small businesses.
However, other students use the money to support their expensive lifestyles including parties leaving the burden of paying tuition fees and accomodation to their parents or guardians.
Ladies use the money to fill their wardrobe with expensive clothes while male students use the money in buying alcohol and surprising their girlfriends with gifts.
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