Helb raises Sh1.5bn from corporates and counties to plug funding gaps

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

The Higher Education Loans Board (Helb) has raised Sh1.5 billion from external sources to plug funding gaps amid rising defaults in student loans.

The agency said it had raised the funds from partners to supplement government capitation that has failed to keep pace with the growing student population.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.