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August 7, 2026
3h ago

HELB Explains Increasing Student Loan Interest Rates, Individual Debts

HELB Explains Increasing Student Loan Interest Rates, Individual Debts

This comes at a time when Parliament is reviewing key proposals and changes to the higher education funding model that would see students admitted to higher institutions of learning get full funding...

✨ Key Highlights

The Higher Education Loans Board (HELB) has refuted reports claiming a 12% interest rate on student loans and individual debts exceeding Ksh4.2 million.

  • The actual annual interest rate for undergraduate and TVET students remains at 4%.
  • HELB clarified that the maximum funding for a medical student is Ksh2,308,116, not the reported Ksh4.2 million.
  • These clarifications aim to dispel public anxiety caused by inaccurate reporting on the student financing model.

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