Helb loan defaulters drop 20pc on recovery of labour market

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

The number of former university students defaulting on the Higher Education Loans Board (Helb) has dropped 20 percent in six months, highlighting an economic recovery for beneficiaries.

Helb data shows loan accounts in default dropped to 87,391 holding Sh8.4 billion compared to the 109,661 recorded in February when unpaid loans stood at Sh10.2 billion.

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