President Ruto says HELB has received additional funds for students

Head of State Ruto [Reuters]

President William Ruto says the Higher Education Loans Board (HELB) has been given enough funds to lend to students across the country, dismissing reports that the Board is cash-strapped.

Speaking from the Kisii National Polytechnic on Thursday Ruto said the government had in the past two weeks, disbursed enough funds to HELB, for lending to students across the country.

“I want to confirm that we have ensured that HELB is well funded in the budget. We have done this in the last two weeks, and you will now have money. Those who need HELB loans will get it so that you do not struggle with your studies,” said President Ruto.

President Ruto further reiterated that his administration has put the welfare of the young people at the centre and they will be involved in the decision-making table.

“I have and I am still taking care of matters concerning young people. Plans are underway to ensure that our young people become part of the transformation of the Republic of Kenya,” said Ruto.

This comes after HELB CEO Charles Ringera on Wednesday told Parliament, that approximately 140,000 public university students, had missed out on State loans in the current financial year, since the loans board had depleted its cash reserves.

“Currently we have 140,000 students in TVETs and universities that we have not been able to fund to the tune of Sh5.7 billion because we have run out of the budget that we had presented to the Treasury of Sh4.5 billion,” Ringera said.

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