The ministry of education says it is working with law enforcement officers to track down defaulters of the Higher Education Loans Board (HELB) loan.
According to Education cabinet secretary Amina Mohammed ”The government has lost 7.2b through people defaulting payment on loans issued by HELB and we are now in the process of enhancing the HELB loan recovery process by working with law enforcement officers to make sure the defaulters who are employed payback the loans so others can benefit.We will partner with the agencies to trace the defaulters. We want them to become reliable and responsible citizens by repaying their debts,” Amina said.
At least 74,692 people have defaulted the loans payment with the CS saying they will work with agencies to track graduates working in mobile money transfer like M-pesa, Airtel money and other emerging employment trends in the country to get the money.
The CS also urged all 2018 candidates interested in TVET courses to keep applying courses saying the placement will be open most part of the year.
”The placement to TVET institution is still open for students and will remain open during various intervals within the year to give opportunity to more students with the HELB.”
This year HELB is estimated to be funding 262,764 students in TVET institutions and 90,688 students in university in line with the 2019-2023 strategic plan which was launched on Wednesday.