Sharp Daily
No Result
View All Result
Wednesday, November 26, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

HELB to disburse long-awaited student loans next week

Brian Murimi by Brian Murimi
November 3, 2023
in News
Reading Time: 2 mins read

The Kenyan government announced Tuesday it will begin disbursing higher education loans to first-year university and technical school students this week under a new funding model.

“The Higher Education Loans Board has finalised the processing of loans for First Year students in universities and TVETs under the New Higher Education Funding Model,” the Ministry of Education said in a statement. “Consequently, the funds will be disbursed to their respective universities and student accounts starting Tuesday.”

The long-awaited loans will provide financial relief for thousands of students who have struggled to pay tuition under recent cuts in public university funding.

“Students are advised to ensure that their bank details, as provided in the application for the loans, are correct and up to date,” the statement said.

RELATEDPOSTS

How Interest Rate Hikes Shape Small-Business Investment

November 25, 2025

Kenya’s Retirement Benefits Schemes H1’2025 Performance

November 25, 2025

The announcement comes after weeks of escalating student protests over delays in disbursement.

On Thursday, tensions boiled over as Machakos University students engaged in running battles with anti-riot police officers demanding action from the Education Ministry.

The angry students lit bonfires along the main road leading to the university, paralyzing traffic from 8:00 am as smoke billowed. Video showed students throwing stones as police lobbed teargas canisters to disperse the crowd.

Earlier in October, a similar scene unfolded after hundreds of Multimedia University students blocked Magadi Road, the main entry into Ongata Rongai Town in Kajiado County, also over funding delays. Traffic was at a standstill for hours before police intervened.

Under the new funding model, learners are grouped into four categories under which they are funded which considers whether they are either vulnerable, extremely needy, needy or less needy.

The vulnerable in universities are set to receive 100 percent scholarship with the government scholarship standing at 82 percent while the loan takes 18 percent.

The extremely needy students will receive 70 percent of government scholarships while the loans will contribute to 30 percent of the tuition fee.

The needy and less needy will receive 93 percent of government scholarships with 7 percent being household contributions in meeting the fees requirement.

Previous Post

Debt pressures mount as Kenya’s supplementary budget grows

Next Post

Economic caution in Kenya sparks concerns for real estate investors

Brian Murimi

Brian Murimi

Brian Murimi is a journalist with major interests in covering tech, corporates, startups and business news. When he's not writing, you can find him gaming, watching football or sipping a nice cup of tea. Send tips via bireri@thesharpdaily.com

Related Posts

News

How Interest Rate Hikes Shape Small-Business Investment

November 25, 2025
KPLC rolls out new OCR meter-reading technology
News

KPLC rolls out new OCR meter-reading technology to eliminate manual data entry

November 25, 2025
Entertainment

Kenyan women defy global beauty standards, surgeons warn against cookie-cutter procedures

November 25, 2025
News

The rapid growth of Kenya’s pension assets

November 25, 2025
News

Why investors are shifting toward long-term government bonds in Kenya

November 24, 2025
News

Kenya and Uganda launch East Africa’s largest steel mill

November 24, 2025

LATEST STORIES

How Interest Rate Hikes Shape Small-Business Investment

November 25, 2025

Kenya’s Retirement Benefits Schemes H1’2025 Performance

November 25, 2025

Understanding midlife crisis

November 25, 2025
KPLC rolls out new OCR meter-reading technology

KPLC rolls out new OCR meter-reading technology to eliminate manual data entry

November 25, 2025

World bank raises Kenya’s 2025 growth forecast as construction sector rebounds

November 25, 2025

Kenyan women defy global beauty standards, surgeons warn against cookie-cutter procedures

November 25, 2025

The rapid growth of Kenya’s pension assets

November 25, 2025

Why investors are shifting toward long-term government bonds in Kenya

November 24, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024