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Originally published by Capital Business
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business
August 12, 2026
3h ago

HELB to be scrapped under new Bill, replaced by Funding Authority

HELB to be scrapped under new Bill, replaced by Funding Authority

The Tertiary Education Placement and Funding Bill, 2026, proposes to give the new authority powers to mobilise funds for lending to students and trainees in tertiary institutions through the Tertiary Education Fund...

✨ Key Highlights

A new bill proposes to scrap the Higher Education Loans Board (HELB) and replace it with a new entity, the Tertiary Education Funding Authority, aiming to streamline financial support for students.

  • The Tertiary Education Funding Authority would consolidate the functions of HELB, the Universities Fund Board, and the TVET Funding Board.
  • The authority will be empowered to mobilize funds from various sources, including government allocations, investments, and private capital, for student lending through the Tertiary Education Fund.
  • The proposed legislation, sponsored by Majority Leader Kimani Ichung’wah, also outlines plans for scholarships, data management, and loan recovery.

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