HELB Loan Raised/Increased
- Helb loan is to be raised to 200,000 per year in place of the current 37,000 per year.
- This is after Helb C.E.O Charles Ringera and The principal secretary for University Education and Research in the Ministry of Education, Simon Nabukwesi moved a petition in parliament seeking to have the student loan increased.
- Helb C.E.O also hinted that they are mobilizing funds to give university students bonds for buying laptops.
University students might finally have relief after Helb and the Ministry of Education moved to petition parliament to increase the amount of helb loan that students receive. If the petition goes through, students shall start receiving 200,000 shillings per year from the current 37,000 shillings per year that they receive.
Current Helb Limit Is Too Low For Students In The Kenyan Economy
In the petition, they argued that the current 37,00000 shillings that students receive per year are hardly enough to pay school fees and upkeep given the raising economic standards in the country. Nabukwesi noted that the reason why the Helb loans body offers such low amounts is because of the low funding they get from the government. The argument, therefore, is that the amount of funding given to the body of the Helb loan should be increased.
Helb to planning offer students laptop bond
Ringera revealed that the body of the Helb loan is currently mobilizing funds from different stakeholders to offer student laptop bonds. The target funds for the mobilization is 5 billion shillings.