All first years university and college students to receive their HELB loans on this date as the following category of students are set to miss out the allocation

Date:

Share post:

It has been finally clear by the Higher Education Boards to the newly admitted first years in various universities that they are going to receive their first disbursement of student HELB loans in October.

Join Us On Telegram
ADVERTISEMENT
CONTINUE READING BELOW

 

Join Us On Telegram
ADVERTISEMENT
CONTINUE READING BELOW

 

Charles Ringera who is the Chief Executive Officer (CEO) of the Higher Education Loans Boards (HELB) said that 10,000 Government sponsored students have already received their first HELB loan disbursement.

ADVERTISEMENT
CONTINUE READING BELOW

 

 

Join Us On Telegram
ADVERTISEMENT
CONTINUE READING BELOW

He made it clear that the remaining lot will receive their loans by mid-october. Ringera said to reporters on phone that applicants will receive their allocation for the first time by October and this is meant to help them to pay the fees for their first semester.

 

ADVERTISEMENT
CONTINUE READING BELOW

 

CEO Ringera added that the funds have come at a good time when the Covid-19 pandemic have already dismantled and disrupted the economic stability and general status of the majority of households. The funds are purposely meant to pay for the student tuition fees.

ADVERTISEMENT
CONTINUE READING BELOW

 

 

ADVERTISEMENT
CONTINUE READING BELOW

According to the analysis and records of the Higher Educational Loans Board (HELB), 60% of the students who had qualified to proceed to the University level this year have sought for financial assistance from the  Higher Educational Loans Board (HELB) through applications in order to be able to survive and stay at their various universities.

 

 

From this records, you can find out through calculations that the HELB board received an average of 85,000 applicants seeking for its financial support in their education at their various universities.

 

 

The CEO said to the media that they receive 200 applicants averagely in each day seeking for the financial support from HELB, he also added that their is an a possibility of the number of applicants seeking for the financial support from HELB to keep on increasing as they reach the deadline of the application process.

 

 

 

 

Some Students Set To Miss HELB loans

The HELB CEO said that the HELB board will not be able to fund all the students seeking for their support because of their current budget which stands at  Ksh.3.2 billion.

 

Therefore only 75,000 students will be supported by the Higher Educational Loans Board (HELB).

 

Out of the 142,540 candidates who qualified to proceed to the university level, only 128,073 students were allowed to pursue degree courses under the government sponsorship.

 

 

This in subsequently means that a total of 63,073 students were automatically set to miss out the HELB loans.

 

Successful applicants are going to be given a total amount of Ksh.37,000 which shows a downward deviation from the previously awarded amount which was Ksh.45,000.

 

Ringera explained that their has been a negative deviation on the amonts allocated due to the subsequent negative deviation of their budget by Ksh.1  billion from Ksh.16.8 billion in the previous year to a total of Ksh.15.8 billion.

 

 

First- year Students To Various Campuses.

Kenyatta University –  6,733

Maseno University  –  6,659

JKUAT                        –  6,529

UON                          – 6,407

MKU                          – 5,489

Moi University        – 5,187

Egerton  University  – 4,039    (All Under Government Sponsorship Programme.)

 

 

Join Our Other 1000+ E-Mail Subscribers.Its Free😂😂

* indicates required
Which Topics Are You Interested In?
    Choose A Topic

    2 COMMENTS

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Related articles

    KUCCPS 2022/2023 Access Links to Admission letters for all universities and colleges

    All the 2021 Kenya Certificate of Secondary Exams (KCSE) candidates have been assigned to their Course -choice to...

    P1 Teachers Undertaking The Upgrading Diploma To Be Favoured In July 2022 TSC Recruitment

    The Primary school teachers who heeded the TSC’S call for Diploma in primary teacher education (DIPTE) will be...

    Sakaja’s Degree Officially Revoked By CUE in a Letter to IEBC

    Nairobi Senator, Johnson Sakaja, has suffered a major blow in his quest to become the city's fourth governor...

    Breaking news, Azimio MP Samuel Arama Sentenced to 6 Months in Jail

    Nakuru Town West Member of Parliament, Samuel Arama, has been jailed for six months.   The Legislator was sentenced after...