Scramble for Sh13.7billion Helb fund
SEE ALSO :2018 KCPE results to be released todayThis means the number of students whose applications will be rejected might be higher as the Helb budget is only Sh13.7 billion in the 2018-2019 financial year. Helb CEO Charles Ringera said disbursements had already been made for continuing students in all universities. He said the disbursements to first-time applicants who joined university this month started on September 17. Application forms “The process is ongoing. Students who have not submitted their hard-copy application forms are urgently requested to do so at the Helb Students' Service Centre or the various Huduma centres,” said Mr Ringera.
SEE ALSO :Students to get Sh30m revolving fundThe plea comes as the Government announced that students in middle-level colleges would receive Sh13,600 for upkeep. Education Cabinet Secretary Amina Mohammed said the annual training cost in TVET institutions had been reduced to Sh56,420 from Sh92,000. Helb will provide capitation of Sh30,000 per trainee per year. Amina said every student enrolled in a TVET institution would be eligible for loans of up to Sh40,000. Paid directly
SEE ALSO :Ladies arrive at Nyayo Stadium in styleOf this, Sh26,400 will be paid directly to the college to cater for tuition while Sh13,600 will be sent directly to a student's account. University students currently get Sh27,000 for their upkeep. Amina said the TVET allocation had been increased from Sh13 billion in 2017-2018 to Sh16 billion in 2018-2019. The CS asked Kenyans with unpaid Helb loans to pay back the money. Ringera said 9,998 loanees had paid their dues valued at Sh870 million, bringing down the number of defaulters from 78,000 to 61,700. “Helb continues to call on all the loanees holding these accounts in default to pay up their loans so that the Government can fund more youths seeking higher education." Helb data shows that 396,680 loan accounts worth Sh47.5 billion have matured for payment. Out of these, 175,003 loanees have completed their loan repayments valued at Sh16.7 billion.