Job cuts push 109,661 to default Helb loans

Helb chief executive Charles Ringera. FILE PHOTO | JEFF ANGOTE | NMG

About 109,661 former university students have defaulted on payments to the Higher Education Loans Board (Helb) in the wake of layoffs and a freeze in hiring, denying the agency cash flow to support freshmen and continuing learners.

The latest data from Helb shows loan accounts in default increased from the 106,443 recorded in December 2020, with unpaid loans standing at Sh10.9 billion.

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