Jubilation to University Students After the Government Made the Following Announcements
Jubilation to University Students After the Government Made the Following Announcements. The Higher Education Loans Board (HELB), a state organization, was established by the Ministry of Education.HELB offers support for higher education in Kenya. It was a State Corporation under the previous Ministry of Higher Education.
The main duty of HELB is to offer loans, bursaries, and scholarships to students enrolled in recognized higher education institutions. HELB provides affordable loans, bursaries, and scholarships to Kenyans who desire to pursue higher education.
HELB is in charge of raising funds, creating, managing, and granting loans, bursaries, and scholarships to meritorious and financially strapped students across the country. It is also necessary to reclaim the loans from the recipients after a certain amount of time in order for others to have access to the fund.
Most pupils come from low-income households. In Kenya, millions of people are poor. If the loans board hadn’t been created, only the wealthy would have been able to attend college.
Thousands of Kenyans have benefited from HELB loans and scholarships. Some borrowers use the funds from the loans to fund personal costs, start a small business, or even support their families back home. Over the years, HELB has provided a warm learning atmosphere for numerous Kenyans.
Due to the current economic situation and the rising cost of living, it has become challenging for university students to profit sufficiently from the loans.Each money they receive is divided between their several competing needs.
The excellent news given by the Vocal Kiharu Member of Parliament, Hon. Ndindi Nyoro, is that the government will quadruple the amount of HELB funding, which will make university students pleased. The Honorable Ndindi Nyoro is the head of the parliamentary budget committee. He must be quoting the source directly.
A member of parliament declared on Saturday, October 10, 2023, that the universities will receive Ksh 15 billion more in funding for this fiscal year, bringing the total to Ksh 30 billion. He has According to the source, new information regarding the HELB funding has now surfaced. Because their loan allotment is presumably going to double, students can smile.
All that is left to do is wait for Treasury Secretary Njuguna Ndung’u to affirm the MP’s suggestion that HELB will receive Ksh30 billion when he reads the budget next week.These are wonderful news for all Kenyans, not just university students, as more will soon be able to pursue higher education. The money has helped students pay for both their tuition and basic necessities.
Hon. Ndindi Nyoro stated that the government is committed to ensuring that all children in the country have access to school, regardless of their upbringings or social standing. He asserts that the government is making significant investments in education since it is so important to Kenya’s future. A nation’s promising future is determined by the caliber of its education system.