Friday, March 29, 2024

Real Time Updates For Teachers

Treasury Releases HELB Loan

- Advertisement -
Treasury Releases HELB Loan

Treasury Releases HELB Loan

The National Treasury in Kenya has released a significant amount of money to support students attending universities.

Education CS Ezekiel Machogu announced that the National Treasury and Economic Planning has released Sh2.7bn to help 180,000 eligible students.

This comes as a relief for students who have been facing difficulties in recent months as they were unable to register for exams due to delayed funds.

- Advertisement -

The Kenya University Students Organization (KUSO) has been advocating for President William Ruto to intervene in the matter, as many students were suffering.

KUSO Chair Anthony Manyara accused the Higher Education Loans Board (HELB) of delaying disbursement of funds to students, causing them to suffer.

HELB CEO Charles Ringera noted that the problem lies in the unsynchronized exchequer releases with the academic calendar.

The financial year of the treasury starts in June, while students are either in the May or September intake.

- Advertisement -
- Advertisement -

This creates a mismatch between the time the students need the funds and when the treasury releases them.

Despite this, in the financial year 2021-22, HELB was able to fund 347,166 students with Sh14.8 billion.

Of these students, 106,048 were from technical and vocational education and training schools, but there were still 35,137 unfunded students.

In 2021, the board made the highest collection at Sh5.2 billion, and recovered Sh550 million from the Covid-19 penalty waiver.

The release of Sh2.7bn by the National Treasury is a significant move in supporting students in Kenya.

It is imperative that the government provides the necessary support to students, especially those coming from vulnerable families, as education is a key component in shaping the future of a nation.

The government must ensure that the funds are disbursed in a timely manner so that students are not left struggling with their finances.

It is also important for the government to address the unsynchronized exchequer releases with the academic calendar to ensure that students are able to receive the funds they need when they need it.

In conclusion, the National Treasury’s release of Sh2.7bn to support students is a positive step forward in addressing the challenges that students in Kenya face.

The government must continue to provide the necessary support to students and ensure that the funds are disbursed in a timely manner.

It is also important for the government to address the mismatch between the exchequer releases and the academic calendar to ensure that students are able to receive the funds they need to pursue their education.

Investing in education is investing in the future of the country, and the government must continue to do so to ensure that the next generation is well-equipped to contribute to the growth and development of Kenya.

Treasury Releases HELB Loan

Read the full article

- Advertisement -

Get more stories from our website: Teachers Updates.

For inquiries or feedback, connect with us via email at [email protected].

Stay connected by following our social media channels: Twitter - @TeachersUpdates, LinkedIn - Teachers Updates, Telegram - @TeachersUpdates, and Facebook - Teachers Updates. We look forward to hearing from you!

 

More Articles Like This

Follow Us on Facebook
Latest News

Only 5,226 of The 31,290 Public Schools Have Title Deeds

Only 5,226 of The 31,290 Public Schools Have Title Deeds Lands Cabinet Secretary Alice Wahome disclosed that out of the...

JOIN OUR SOCIAL PLATFORMS

Ads Blocker Image Powered by Code Help Pro

Ads Blocker Detected!!!

We have detected that you are using extensions to block ads. Please support us by disabling these ads blocker.

Powered By
100% Free SEO Tools - Tool Kits PRO
error: Content is protected !!