The Higher Education Loans Board (HELB) has introduced an 80% penalty waiver for students who settle their outstanding loans with lump sum payments, as part of its recovery efforts on July 16.

• 80% waiver on penalties for lump sum repayment of outstanding loans
• HELB hopes to recover billions with this new initiative
• Sector faces a financial shortfall, needing KSh48 billion while receiving only KSh26 billion for the year