Helb raises alarm over rising layoffs as repayments fall

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

Massive job cuts in the economy have seen beneficiaries of student loans stop repaying midway, reducing the capacity of government to fund learners from poor backgrounds.

The Higher Education Loans Board (Helb) said it has recorded a surge in notifications from employers indicating retrenchments of their workers who benefited from the Helb cash.

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