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HELB Includes KMTC Students On List Of Beneficiaries

HELB Includes KMTC Students On List Of Beneficiaries

The National Treasury has given 680 million Kenyan shillings to the Kenya Medical Training College so that it can help students get higher education.

KMTC received the cash alongside public universities, national polytechnics, Technical Industrial Vocational, and Entrepreneurship Training (TIVETs).

This is part of a cooperative effort between the Treasury and the Higher Education Loans Board (HELB) to increase access to higher education. Officers of KMTC recognized it as one of the greatest allocations for student education financing in the College’s history.

“The funding targets students from the most vulnerable backgrounds. We have so far received the first tranche of Sh. 170 million, and we encourage eligible students to apply,” said Board Director Amb. Zachary Muburi-Muita during the launch of the fund in Nairobi.

More than 54,000 students are currently enrolled in Higher Diplomas, Diplomas, Certificates, and short courses at the College.

Ambassadeur Muita told the students that the allotment might not be enough and that they should look for other ways to get money and legal jobs.

Following the agreement, HELB will receive and administer funds on behalf of the college and establish the criteria and circumstances governing the granting and distribution of financial aid, among other responsibilities.

CEO Dr. Kelly Oluoch praised the National Government for considering the college, stating that the financing will be a huge relief for many needy students who are dropping out due to inability to pay tuition.

The Chief Executive Officer of HELB said that about 49,000 students had benefited from the loans.

“Of these, 13,187 accounts have reached repayment maturity, with 2,500 students having already repaid in full and another 7,000 in the process of doing so,” he stated.

Adding that “KMTC students have repaid a total of Sh 205 million from an original disbursement of Sh 3.5 billion,”

The two organizations have taken many steps to ensure the funding will last, such as combining their efforts to get resources.

HELB Includes KMTC Students On List Of Beneficiaries

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