The Higher Education Loans Board (Helb) has announced plans to float a Sh500 million bond even as it struggles to recover billions of shillings from defaulting beneficiaries.

The Higher Education Loans Board (Helb) has announced plans to float a Sh500m bond even as it struggles to recover billions of shillings from defaulting past loanees.

Economy Helb seeks to float Sh500m bond to ease funds pressure The Higher Education Loans Board (Helb) has announced plans to float a Sh500m bond even as it struggles to recover billions of shillings from defaulting past loanees.

Education CS Amina Mohamed yesterday said the Higher Education Loans Board (Helb) will ask police to track down those whose loans are at least 10 years overdue — 74,000.

Cabinet Secretary Amina Mohamed has announced the Higher Education Loans Board is tottering under the weight of Sh7.2 billion unserviced loans.

Officials from CUE, the ministry of education, the Universities Funding Board, Kenya Universities and Colleges Placement Service (KUCCPS) and the Higher Education Loans Board (HELB) were present in the Friday meeting.

Kibabii University students on Monday went on a rampage demanding that the Treasury releases the Higher Education Loans Board cash.

She went on: “To guarantee that, we will not drop any candidate who sat the 2018 KCSE, all 194,721 who scored between E and D-minus in the examination are eligible for selection to artisan courses in the existing 800 Vocational Education and Training (VET) institutions.” Ms Mohamed announced that the government had enhanced higher education financing by allocating Sh13.5 billion to the Higher Education Loans Board (Helb) to support learners this financial year.

"Currently, the Higher Education Loans Board (HELB) is funding students in 74 universities and 130 TVET institutions.

For the students who cannot afford to cater for their annual fees adequately, they have a chance to access student loans from Afya Elimu Fund who work in collaboration with the Higher Education Loans Board.