University Students To Smile As Gov’t Makes Announcement On HELB
The Ministry of Education formed the Higher Education Loans Board (HELB), a state organisation.In Kenya, HELB provides funding for higher education. Under the former Ministry of Higher Education, it is a State Corporation.
The primary responsibility of HELB is to provide loans, bursaries, and scholarships to students enrolled in accredited institutions of higher learning. To help Kenyans who want to pursue higher education, HELB offers inexpensive loans, bursaries, and scholarships.
The responsibility for raising money, creating, administering, and awarding loans, bursaries, and scholarships to deserving and needy students nationwide rests with HELB. In order for others to gain access to the fund, it is also required to reclaim the loans from the recipients after a period of time.
The majority of students are from low-income families. Millions of people in Kenya live in poverty. If the loans board hadn’t been established, attending college would have been a privilege reserved for the wealthy.
HELB loans and bursaries have benefited hundreds of thousands of Kenyans. Some people utilise the money from the loans to launch a small business, take care of personal expenses, or even support their families back home. For many Kenyans over the years, HELB has offered a welcoming learning environment.
Also Read:Â Helb first year loans 2023/2024: Application details, deadlines and requirements
It has become difficult for university students to gain sufficiently from the loans due to the current economic climate and the rising cost of living.Each dollar they receive is split amongst their several conflicting requirements.
University students will be happy as the government doubles HELB money, according to the good news announced by the Vocal Kiharu Member of Parliament, Hon. Ndindi Nyoro. The Chairman of the Parliamentary Budget Committee is the Honourable Ndindi Nyoro. He must be speaking directly from the source.
On Saturday, October 10, 2023, a member of parliament announced that this fiscal year, the universities will receive Ksh 15 billion more in funding, bringing the total to Ksh 30 billion. He has The source claims that finally, fresh information on the HELB funding has surfaced. Students will be able to smile because their loan allotment is probably going to double.
Also Read:Â HELB Launch Innovative Tech To Identify 45,000 Students For Funding
The MP made a suggestion that HELB will receive Ksh30 billion, and now all that is needed is for Treasury Secretary Njuguna Ndung’u to confirm it when he reads the budget next week.These are fantastic news for all Kenyans, not just university students, as pursuing higher education will soon become a reality for many. The majority of the time, the funds have assisted students in meeting both their basic needs and their tuition costs.
The government is determined to ensuring that all kids in the nation have access to education, regardless of their backgrounds or social standing, Hon. Ndindi Nyoro remarked. He claims that the government is investing heavily in education since it is vital to Kenya’s future. The quality of education in a country determines its bright future.
University Students To Smile As Gov’t Makes Announcement On HELB
