The Higher Education Loans Board (HELB) has said that the first year students who applied for the loan will receive their first disbursements in January next year.
The board while responding to their #askHELB programmes questions from individual students said that they would be unable to disburse the amounts before processing the forms conclusively. In response to Magazine Reel, the board said that they will inform each student who applied on the probable dates of disbursement but remained categorical that it would only happen in the beginning of the next semester.
The move will be a blow to the students who have been complaining of the delays in processing their forms. The students for the past three weeks have complained of lack of funds and some of them said that it would force them to defer their studies if the body could not release the funds as fast as possible.
Over the years, the main students financier HELB has always released the funds at the start of November every year a case which seems to be a dream this year. The board had earlier on called on all their loan beneficiaries to pay up to enable them get enough funds to run the process. Other students have also registered their concerns that the amount they have been receiving is not enough for their upkeep. They said the body should consider providing a maximum amount of 120,000 Kenya shillings per academic year per student to enable them meet up their expenses.
In other developments, while reacting to the Mr Ringera’s statement that the body will issue students with smart cards instead of the usual cash, students lamented the move stating that since they were bound to pay back, it will be unethical for the board to limit them on choices of activities to spend the money on. They told HELB to give the funds to banks and financial institutions if they could no longer take care of students concerns.