HELB LOAN DISBURSEMENT DATE 2022/2023
When shall Helb loan 2022/2023 be disbursed to university students
- The Higher Education Loans Board HELB has confirmed that disbursement for 2023 university students shall be done within September and continue till the end of October.
- This is after students complained of delayed disbursement of helb loan 2023.
- The HELB loans body has confirmed receiving a 2.8B capitation from the government of Kenya treasury.
- Comrades are more than hopeful and happy to receive this news after a long wait.
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Detailed Helb Loan Disbursement News
The higher education loans board has confirmed that university students shall receive their helb loan disbursement within January. This announcement comes after university students complained of overdue loan disbursement this semester despite universities resuming soon. Other university students have also been complaining over social media about hunger strikes with the delayed disbursement of money that they depend on.
“We have today (Monday) received the financial year 2022/23 quarter three capitation of Sh2.8 billion from the National Treasury. The pending student loan payments are currently being addressed and will be concluded within January,”Helb on twitter.
Helb loan is released to university students in two faces. The first face is in September and the following phase is in January. In a past communication, HELB complained about the lack of funds to disburse the students. The total amount each university student gets annually is 37,000 shillings which is a low amount given that each university student is expected to spend at least 200,000 shillings per year in order to comfortably sustain their life is campus.
Helb chief executive Ringera late last year told the parliamentary committee of education this. “Given that Helb provides about Sh37,000 currently then it means the students or the household has to raise another Sh162,000,”
The situation for university students has been worse and according to the chairman of the vice chancellor’s committee Muluvi, the Disbursement shall come as a reprieve to most university students who were at risk of being left out of the upcoming end-sem examination. “The university sector is like a chain. When the students fail to pay fees then the operations in the institutions are affected as well; you find a problem in paying lecturers and running operations,”