Kenya: Helb Releases Sh7.6 Billion in Loans for Varsity Students

About 196,613 students currently admitted to public and private universities can now apply for Sh7.6 billion students loan, Higher Education Loans Board (Helb) has announced.

Chief executive Charles Ringera said the applications are open for continuing students including those in private institutions amid closure of universities in the wake on the coronavirus outbreak.

"The government budget to support students in universities and colleges stand at Sh11.2 billion and the balance will be funded from loan recoveries," he said.

"Subsequent loan application is now going to be done seamlessly on the Helb mobile app, therefore, no need to submit physical hard copy documents at our offices."

Mr Ringera said first year students, expected to report in September, had been allocated Sh4.7 billion for 110,250 students out of 125,000 who qualified to join universities.

Already Kenya Universities and Colleges Central Placement Service has indicated that it will be placing candidates who sat Form Four examinations last year into higher learning institutions this week.

More From: Nation

Don't Miss

AllAfrica publishes around 800 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.