Half of the 2020 KCSE candidates selected to join university in September will miss on their HELB loans.
Out of the 142,540 candidates who qualified for government sponsorship only 128,073 candidates were placed to undertake the degree programs under government sponsorship.
HELB is running on a budget of 3.2 billion that is set to benefit only 75,000 students. This a decline of 40% from the previous year.
Therefore, this year will see about 63,073 students miss on the study loans. This means that majority of the students who are intending to use the money for upkeep and fees payment, will have to get hard time to keep up with their needs.
The chief executive officer for HELB, Charles Ringera has said that the board has revised down the funding from Ksh. 45,000 to Ksh. 37,000 due to a low budget.
Ringera has explained that the downward revision of the funding has been occasioned by the low budgetary that was allocated to the board.
“Remember the budget allocation was cut by Sh. 1 billion this year from the usual sh. 16.8 billion in the previous year, to sh. 15.8 billion which has affected the loan provision,’ said Ringera.
Kenyatta University happens to have admitted the highest number of students at 6,733 followed by maseno at 6.659 under the government sponsorship.
HELB funding being the constraint that students will face, they will also not receive the pioneer laptop loan that was set to be given to the students.
The laptop support for students was championed by the stakeholders that was meant to aid students achieve their online learning strategy if covid-19 cases spike leading to closure of schools.
Ringera also indicated the laptop loan provision has been shelved for now saying the program will take a bit longer for it to actualize.
If the laptop program will be actualized, the students will receive Sh. 44,000 under the economic stimulus package to students under government sponsorship.