HELB Addresses Funding Shortage Ahead of September Intake

The board recently revised the structure for the disbursement of upkeep funds...
✨ Key Highlights
The Higher Education Loans Board (HELB) has assured Parliament that it possesses sufficient funds to cover the upcoming September intake despite an existing funding deficit. CEO Geoffrey Monari stated that while the allocated Ksh41 billion for the 2025/2026 fiscal year is not fully sufficient, the National Treasury has pledged to address the shortfall in the 1st supplementary budget.
- HELB will support both new and continuing students, with allocations increasing from Ksh36 billion in the previous year.
- The loan disbursement structure for continuing students has changed, separating scholarship components from upkeep funds, with upkeep amounts now reflecting in student accounts.
- The new funding model's upkeep funds will be disbursed in two equal installments based on bands, with Band 1 students receiving Ksh60,000 annually (Ksh30,000 per semester) and Band 5 students receiving Ksh40,000 (Ksh20,000 per semester).
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