HELB clarifies about student loan cancellation

0
33

The Higher Education Loans Board (HELB) flagged a notice claiming that a group of students would miss out on payment for two years.

HELB indicated that the message was misleading and did not come from its verified social media platforms.

The fake social media post insinuated that students with batch numbers 4260 and 4389 would receive their funds in 2024.

It attributed the cancellation to an alleged National Treasury directive refusing to transfer funds to the HELB treasury for fiscal year 2023/2024.

See also  Madhya Pradesh Congress MLA alleges officers assaulted him outside the meeting

File photo of university students at the Jubilee Towers in Nairobi.

File

“It has come to our attention from a photoshopped photo circulating on social media claiming it is from HELB.

“This is to confirm that it is fake news,” HELB insisted.

The post started making the rounds after some applicants raised concerns about delays in disbursement of funds. Most students at higher education institutions were dissatisfied with the administration, claiming that they had difficulty paying school fees and buying meals.

See also  sen. Marshall to CDC director: 'You turn your back' on Fentanyl

“We are currently working on the payouts and that will be communicated once the payment is made,” HELB responded to concerns expressed.

HELB received applications for the academic year 2022-2023 in July 2022. The program was aimed at students placed by the Kenya Universities and Colleges Central Placement Services (KUCCPS).

Students enrolling in public universities recognized by the Commission for University Education (CUE) were also listed for the funds.

HELB set the TSWT for November 30, 2022, allowing more students to enroll in the program.

See also  British Queen Elizabeth's coffin is being brought to Edinburgh

Undergraduate university students receive loans ranging from Ksh40,000 to Ksh60,000 per year. They are expected to start paying back the credit immediately after graduation.

Former President Uhuru Kenyatta rejected some reforms in the HELB sector designed to allow beneficiaries to repay the loans after finding work.

A social media post flagged as fake by HELB on Thursday, September 22, 2022

A social media post flagged as fake by HELB on Thursday, September 22, 2022.

Twitter

HELB page

dead

LEAVE A REPLY

Please enter your comment!
Please enter your name here