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Helb under criticism but who is to blame for stiffer penalties?

By Lilian Aluanga-Delvaux | Jul. 26, 2014

Beneficiaries pay their loans at the Higher Education Loans Board (Helb) offices at the Anniversary Towers in Nairobi.Helb has issued an ultimatum to loan defaulters. ]PHOTO:COLLINS KWEYU/STANDARD]

The Higher Education Loans Board (Helb) has come under criticism for demanding money from fresh graduates, who face fines of not less than Sh5,000 for not contacting the board within one year of leaving college and starting repayments.

Helb, which has disbursed loans to more than 400,000 students since its inception in 1995, is owed about Sh6.6billion by the boards beneficiaries.

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