× Digital News Videos Health & Science Opinion Education Columnists Lifestyle Cartoons Moi Cabinets Kibaki Cabinets Arts & Culture Podcasts E-Paper Tributes Lifestyle & Entertainment Nairobian Entertainment Eve Woman TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS
×

Helb gives students more cash

UREPORT
By Augustine Oduor | August 24th 2016

The Government has raised the minimum amount of money that it loans out to university students.

The Higher Education Loans Board (Helb) will now give successful students at least Sh40,000, up from Sh35,000.

Under the revised rates announced by Helb Chief Executive Officer Charles Ringera yesterday, the maximum amount a student can get will be Sh60,000.

He said this year, 76,000 students, who will be selected to join public and private universities, will be given government loans.

Mr Ringera said this figure has gone up by 14,000 students compared to last year.

In 2015, some 62,000 students got Helb loans, Mr Ringera said.

He said the directive by President Uhuru Kenyatta to the Kenya Universities and Colleges Central Placement Service to take up more students opened the bracket for beneficiaries.

Treasury allocated the board Sh9.1 billion this financial year. This means that Helb will have to source an additional Sh700 million to manage the huge intake.

"Cumulatively, we shall require Sh9.8 billion to take care of all the new and continuing students," said Ringera.

Ringera added that the board plans to increase loan recovery to Sh4.1 billion, while raising an additional Sh300 million from alternative sources.

Share this story
Lamu County official resigns in protest over Sh204b coal power project
A top county official has resigned after voicing her opposition to a controversial Sh204.3 billion power project.
Why Kenyan boxers are winning medals once again
The BFK led by President Anthony ‘Jamal’ Ombok was elected into the office in 2019 and has since...

.
RECOMMENDED NEWS

Feedback