The national government is mulling plans to change the application procedure of the Higher Educations Loans Board (HELB).
In the latest raft of measures, the government is seeking to have those who have been locked out of the process guaranteed access.
This means that students will be able to apply for the loans using their parent's National Identity Cards where their parents will be listed as co-signatories.
Currently, applicants below 18 years are locked out exposing them to financial hurdles while disrupting their studies.
HELB loan applicants are required to provide their national ID numbers as well as that of their parents on the board's online portal.
“This will ensure that university students who have not attained the age of eighteen years and who do not yet have nation identification cards are allowed access to the higher education loans,” the memorandum of the Bill says.
HELB funds students with a loan of up to Ksh70,000 which is repaid after applicants graduate. The loans are expected to cater for tuition and personal needs.
The move is a relief for thousands of students who had in the past been locked out of the application process forcing them to seek an alternative source of funding.
In September, thousands of students missed out for failing to have ID cards prompting the national government to intervene.
The repayment of the loan in recent times has proven to be a headache to most students with the government proposing a new law to deal with that.
In the latest move, the University Fund, which is tasked with determining money released to the institutions, is seeking to compel public institutions of higher learning to secure jobs for graduates.
According to the proposal, universities whose graduates fail to secure jobs within four years of graduation will have their funds slashed.
“Performance-based funding is funding aimed at allocating a portion of universities education budget according to specific performance measures. It makes funding allocating more transparent and more competitive,” University Fund stated in its proposal.
“The key performance indicators to be considered will be four-year graduation rate, graduate employability rate (one year after graduation) and research inputs.”
This is aimed at ensuring most students apply for the loan and pay on time.
Content created and supplied by: Matha.wendo (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