Helb fights Parliament bid to cut interest rates on loans

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Parliament buildings in Nairobi. FILE PHOTO | NMG

The Higher Education Loans Board (Helb) has opposed a bid in Parliament to cut interest rates on students’ loans by one percentage points, fearing loss of Sh693 million

The Board’s chief executive Charles Ringera told Parliament Wednesday the shortfall will force Helb to trim the number of students it offers loans by 18,730, hurting learners quest to achieve higher education.

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