Varsity students face cash crunch after Helb budget cash falls short

University students face financial difficulties after the Treasury allocated the Higher Education Loans Board (Helb) Sh10.1 billion or half the amount the financier requires for the coming fiscal year.

Helb chief executive Charles Ringera said the agency had projected a Sh19 billion budget in the fiscal year starting July to cover financing for mid-level college students, learners in foreign universities, and adoption funding model based on the cost of university degree pursued.