Helb unable to trace 25,000 defaulters of billions in student loans

The Higher Education Loans Board (Helb) cannot trace about 25,000 past beneficiaries, casting doubts on the agency’s ability to recover billions lent to students.

Helb chief executive officer Charles Ringera said this has partly contributed to the cash shortage which has weakened its ability to support university freshmen and continuing students, prompting the agency to cut loan allocation.