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Moi University students

Moi University students demonstrate in the streets of Eldoret over delays to release Helb funds on March 10, 2021.

| Jared Nyataya | Nation Media Group

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95,000 to miss student loans in funds crisis

By  Faith Nyamai

Reporter

Nation Media Group

What you need to know:

  • Helb had asked for Sh15.5 billion in this year’s budget but the National Treasury slashed it by Sh2.2 billion.
  • Budget cuts have caused Helb to reduce the average funding per student in universities to Sh38,000, down from the previous Sh45,000.

At least 95,000 university and college students who depend on government loans could soon cut short their studies due to lack of funding.

The Higher Education Loans Board (Helb) yesterday said it will not be able to finance the learners due budget cuts and shrinking loan recoveries.

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