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Broke, jobless graduates and Sh90bn Helb default
University of Nairobi students protesting at Anniversary Towers in Nairobi which houses Higher Education Loans Board (HELB) on February 3,2025 over failure by the Government to disburse HELB funds to students.
Half of former university students who graduated over the past five years have defaulted on their Higher Education Loans Board (Helb) debts, reflecting the impact of the growing youth unemployment in Kenya.
Data from the Auditor-General shows that 281,459 former students who graduated after 2000 have defaulted on Sh39.63 billion or 44 percent of Helb’s Sh89.9 billion bad student loans.
