President Uhuru Kenyatta rejects HELB Bill saying it is expensive to implement

President Uhuru Kenyatta has dimmed the hopes for financial security for thousands of university students when he rejected a Bill that forced the Higher Education Loans Board to give all government-sponsored students loans.

The President said it was expensive and discriminatory to make it mandatory for HELB to cater for "regular students" whereas all university students from poor backgrounds require access to the loans to pay their fees. He said HELB had a duty to "respect individual applicants" and vet their suitability for a loan.