Haven't paid your HELB ? Don't worry about the penalties- CS Amina - The Sauce
Connect with us

Hi, what are you looking for?

Capital Campus

Haven’t paid your HELB ? Don’t worry about the penalties- CS Amina

Education Cabinet Secretary Amina Mohamed has announced a 100 percent waiver on Higher Education Loans Board penalties.

Speaking during a breakfast meeting Thursday morning, Amina, however, said the waiver is only applicable until the end of next month. As an incentive to all past HELB loan beneficiaries, I hereby grant a 100% penalty waiver to all defaulters who will repay their loans in one lump sum between today (3rd May 2018) and 30th June 2018,” she said.

The CS stated that despite the tremendous efforts by HELB, out of the 396,680 loan accounts that have matured, 81,994 of these accounts worth Sh8.2 billion are not being repaid.

She says the waiver will ensure that those who admitted to universities are adequately catered for. “This is a key concern for the Government as it inhibits HELB’s ability to fund the growing number of new students joining higher education,” she said.

She further requested employers to ensure that all university graduates in their employ to repay these loans as a primary requirement. “Collaborative efforts between HELB and other partners towards the recovery of these loans are therefore most welcome.”

She also requested past beneficiaries of the University loan scheme to help educate other young Kenyans by repaying their loans. “This is the only way HELB can be able to fund more students,” she said. She stated that the government was also working with HELB to recover loans held by Kenyans in the Diaspora.“I call upon HELB to fast-track the conclusion of these discussions and sign the appropriate Memorandum of Understanding to enhance loan repayments by the Diaspora,” she stated.

She also explained that the government is working on relevant modalities to implement President Uhuru Kenyatta’s Directive that HELB should start funding Kenyan students in foreign universities. “Towards this end, the Government is working on relevant modalities to implement this Directive. This underscores the need for us to reflect creatively especially regarding the mobilization of necessary resources,” she stated.

She also stressed the need for HELB to review its capacity and capability to finance the increasing number of students in institutions of higher learning.

 

This article was first published on Capital News and was written by Simon Ndonga.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Some More Sauce...

Lifestyle

Kenyans on Twitter woke up to an explicit video that has since gone viral. In the video, a woman who is known on social...

Da Squeeze

Kenyan beauty Tanasha Donna Oketch recently opened up about her life. The 24 year old former radio presenter, musician and mother of one is...

Featured

Ugandan TV journalist Simon Kaggwa Njala’s face has got to be one of the memed faces of 2019.   But how did this Ugandan...

Da Squeeze

Who remembers the time when sex was simple. Well, nowadays there are a lot of weird fetishes that we can’t even keep track of...

Featured

The Free Mason society is known to be secretive and very private, but not anymore it may seem. The Freemason society based in Nairobi...

Da Squeeze

Kenya has a robust matatu culture and some people around the world love it. Award winning American singer and dancer Chris Brown yesterday (23.03.20)...

Da Squeeze

Is there a woman making your heart skip a beat? She might be a secret woman of your life.  Most women love, but they...

Da Squeeze

Kenyans on Twitter are not to be messed with, they bring guns to a knife fight. The hard-hitting K.O.T recently got into a Twitter...