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HELB disburses funds to students after outcry

Judd Mutua by Judd Mutua
October 5, 2023
in News
Reading Time: 1 min read

The Higher Education Loans Board said Wednesday it has started disbursing tuition loans to more than 200,000 students in universities and technical colleges after a public outcry over delays.

The board said in a statement that it ordered the immediate release of funds for students under the old funding model and promised to complete the disbursement by October 5.

It also urged institutions to register students who had been denied admission because of unpaid fees.

Read more: Airbnb hosts in Kenya face 2 percent tax as government seeks revenue

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For the first-time students applying for funding under the New Higher Education Funding Model (NFM), which covers both loans and scholarships, the application deadline has been extended to October 7, 2023.

The extension was granted by  an order from the Cabinet Secretary of the Ministry of Education, Ezekiel Machogu, on September 5, 2023.

Following the application deadline, the processing and disbursement of loans and scholarships for tuition and upkeep will commence.

Since the transition to the new funding model HELB has struggled to keep up with its commitments, only acting after public outcry and threats of protest from university students.

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Judd Mutua

Judd Mutua

Judd Mutua is a journalist with wide ranging interests ranging from the world of finance to the latest in tech and business news. Off duty you can find him reading his favorite books and manga. Send tips via jmutua@thesharpdaily.com

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