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Beneficiaries owe HELB Sh8 Billion

 

STRIKE-STUDENTS-UHURU-HIGHW

There have been several demos by students protesting delay of HELB loans

 

The Higher Education Loans Board (Helb) is owed Sh8 billion by students who have benefited from the loans issued by the board in the past. HELB Chief Executive Office, Charles Ringera told the Sunday Nation the Board needs to disburse Sh6.7 billion to 188,000 students in universities and tertiary institutions in the next four months.

10,000 freshers are depending on the Board to release funds while 44,000 continuing students are hoping to get tuition fee from Helb. Ringera says Sh1.5B has been disbursed so far.

Ringera, by the virtue of his post, has been on the spotlight over the last few months as students in different universities and colleges protest the delay in the disbursement of the loans.

Helb has moved to recover the loans from beneficiaries by working with several institutions including KRA, Kenya Federation of Employers and NSSF to track down defaulters.

 

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