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Auditor-General says Helb unable to recover Sh24bn

University loan applicants being served at the Helb offices in Nairobi. PHOTO | FILE | NATION MEDIA GROUP

The Higher Education Loans Board (Helb) may be headed for a deeper funding crisis caused by the failure of past beneficiaries to service their loans.

Auditor-General Edward Ouko says the agency is unlikely to recover Sh24.6 billion from past beneficiaries, weakening its ability to support university freshmen and continuing students.

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