Helb Act seek to reduce the interest rate charged on student loans and extend the grace period before repayment starts.
Committee deputy chairperson Malulu Injendi questioned the rationale behind charging 4 per cent interest on Helb loans.
The government is opposed to amendments to the Higher Education Loans Board (Helb) Act that seek to reduce the interest rate charged on student loans and extend the grace period before repayment starts.
Appearing before the National Assembly’s Education Committee yesterday, Higher Education and Research Principal Secretary Beatrice Inyangala said such changes would affect Helb’s loan collection and threaten its sustainability.
