K
Originally published by Kenyans
📰 Read Full Article
top
September 30, 2026
1h ago

HELB Hit with New Demands Over Yearly Interest Rates

HELB Hit with New Demands Over Yearly Interest Rates

HELB is also on the spot over other service deduction fees always levied on loan applicants...

✨ Key Highlights

Education stakeholders in Western Kenya have strongly opposed the proposed 4 per cent annual interest on student loans under the Tertiary Education, Placement and Funding Bill, 2026. They argue this will increase the financial burden on graduates from low-income households.

  • Stakeholders proposed that student loans should be interest-free.
  • Key entities involved include the National Assembly Departmental Committee on Education and various university stakeholders at Alupe University and Kibabii University.
  • Other concerns raised include the commencement of loan repayment, with a proposal to start within one year of securing employment, and a reduction in the maximum allowed deduction from a loanee's emoluments from 25 per cent to 10 per cent.

Continue Reading

Read the complete article from Kenyans

📰 Read Full Article
The Online Kenyan Android App

Kenya's news, briefed daily

Daily Briefs with audio, your topics, and breaking stories.

Get the Kenyan News appFree Android app on Google Play
The Online Kenyan Android App

Take Kenya's news with you

Breaking stories, daily briefs, and the topics you follow - on your phone, free.

Get the Kenyan News appFree Android app on Google Play