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Babu Owino Issues a Serious Warning to Treasury Over HELB Loan Disbursement Delays

Babu Owino, a member of parliament for Embakasi East, has called on the National Treasury to release student borrowers' HELB loans quickly.

Owino estimated that 327,000 university students require financial aid to continue their study.

"HELB needs to act quickly and give aid to its 327,000 members. Education's goal is to replace a closed mentality with an open one, "said Owino.

This follows President William Ruto's remarks about plans to eliminate the HELB loan and combine the three financial organizations for higher education.

The MP had pleaded with President Ruto to reconsider his decision to axe Helb. University students, according to Owino, depended on financial support to study. He also noted that they needed an education to improve their future.

"HELB wachana nayo Kabisa, Ruto. (Never approach HELB.) Comrades are in poverty, and only education can keep them out of it "He spoke The National Skill and Funding Council, which combines the HELB, TVET, and University Funding Board, will be established, according to Ruto.

He continued by saying that the action will close the up to 45% budget gap now present in higher education

According to Ruto, this strategy will increase the amount of financing for the HELB from Sh11billion to Sh22billion and even get rid of interest on the loan.

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

Babu Owino Embakasi East HELB National Treasury Treasury


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