Tag Archives: Helb news today 2021

Students protest over move by government to cut Helb loan funds

University student’s leaders in Uasin Gishu have come out strongly to condemn the move by the National Government in reducing Higher Education Loan Board (HELB) loan budgetary allocation by nine per cent.

 

Speaking during a presser on Thursday, the student leaders insisted it was improper to deny students who hail from poor backgrounds academic loans despite the fact that Universities and Technical Training Colleges are overwhelmed by increased number of learners each year.

“What sustains students in Universities is this HELB loan and denying them will make poor students resort to antisocial and unlawful activities that will increase crime rate,” he observed.Universities Presidents Council Chair and Moi University President, Mr Albert Maloba, in his statement, decried the outcome as fatal and dangerous.

He insisted they are fulfilling their mandate in advocating for students’ rights and if the government will not address their concerns, they will have no other option but to protest until their plight is addressed.

“The Government should be considerate on matters of education and give the sector maximum concentration. I want to caution Education CS Prof. Magoha on the plans they are hatching to elevate private universities over public entities. That’s akin to introducing business in the education docket, thus killing university education in the long run and these plans must be reversed,” he lamented.

On her part, Dorcas Jerop, Chairperson University of Eldoret, pleaded with the government to look into this matter with the urgency it deserves, because it will have a longer negative impact on the progress of the students.

“Comrades will drop out of school and some even will end up in wrong places including prison and even get killed in the process of nursing their frustrations. We have promising future leaders and the government should guard these precious assets for posterity,” she pleaded.

On her part, Moi University academic delegate Sharon Kiptoo said, “Covid-19 pandemic has already immobilized the economy and students will drop out of school for lack of funds and in the end big dreams will be shattered just like that.”

“We have a program in place to assist these students in managing the HELB loan and invest in income generating activities. This will help them not to solely depend on the loan, but also other lawful income generating activities,” said Judy Mwende, a student leader at University of Eldoret.

The student leaders called upon the government to instead increase university loans so as to enable students complete their education.

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University, College students to receive Helb loans via Mpesa

The Higher Education Loans Board (HELB) and Safaricom have partnered to roll out a smart mobile payment solution for university students and those in other tertiary institutions to access and utilise their loans and bursaries.

The solution will aid HELB to promote responsible spending with the funds locked for specific allocations, such as tuition or library fees only accessible to the specific Paybill account of the recipient’s University or TVET institution. The students upkeep allowance can now also be transferred into the student’s M-PESA wallet for everyday use.

“Technology today is not only revolutionizing every aspect of our lives but also creating opportunities to enhance efficiency and accountability. We are pleased to support the Higher Education Loans Board to deploy a solution that suits the digital lifestyle of students in tertiary institutions,” said Sitoyo Lopokoiyit, Chief Financial Services Officer, Safaricom.

Students can access the system through HELB USSD and the mobile app once completed from where they will view their loan allocations, current balances, statements and make payments.

HELB disburses over KSh. 15 billion to over 200,000 beneficiaries annually. Part of the loan is usually channeled directly to the learning institution to settle part of the tuition and accommodation fees while the rest is sent to the student for upkeep.

The solution will create efficiencies for all stakeholders by reducing queues during registration as students can now pay through their mobile phones. There will be effective management and monitoring of all loans throughout the loan lifecycle.

“The rollout of this smart solution marks a major milestone in our digitization journey. It not only enhances efficiency in our operations, but also enables us to step up the experience of beneficiaries, who are digital natives. The solution will allow the student to access and make transactions within the solution’s ecosystem,” said Charles Ringera, HELB’s Chief Executive Officer.

The platform grants HELB visibility of funds from various sources, which it can aggregate, reconcile real-time and report to its financiers. Continuing students can receive notifications and utilize a financial planning tool on the portal; while those who have graduated can track their repayments and generate statements.