34,000 miss Helb loans on Sh1bn funding cuts

Student loan beneficiaries at Helb offices in Nairobi. FILE PHOTO | NMG

What you need to know:

  • Some 34,531 students were denied State loans last year after the Higher Education Loans Board (Helb) cut funding by Sh1 billion, setting up the learners for a tough life.
  • Loans awarded to successful loan applicants decreased by 6.6 percent in the review period to Sh14.2 billion from Sh15.2 billion the previous year — the first dip in four years.
  • The majority of loan applicants come from poor households and require financial support from Helb to pay for their tuition and upkeep.

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