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Citizen Weekly

Thursday, 18 September 2014

HELB RELEASES HELB TO AVERT STRIKE



The Higher Education Loans Board (Helb) has finally released Sh1.8 billion to university students to avert a looming strike. This was announced by Helb’s chief executive Charles Ringera who said that the students will be able to access the money starting today Friday.


However, the more than 56,938 government-sponsored first year students who started reporting last month will have to wait until November to get loans.

The University students had threatened to go on strike on Friday over delays in release of Helb loans and further act within two weeks if the amount disbursed is not retained at last year’s level.

Treasury secretary Henry Rotich allocated Helb Sh4 billion in this year’s budget and the board recovered Sh3.3 billion last year, against a demand of Sh14.3 billion it says it needs to loan to more students.  Helb plans to offer loans to more than 60,000 freshers and about 15,000 new students admitted to technical and vocational education and training institutions.