The National Treasury has finally released the delayed monies meant to be disbursed to students in institutions of higher learning to the Higher Education Loans Board (HELB).
HELB announced on Monday that it had received Sh2.8 billion from Treasury for the 2020-2021 financial year’s Quarter Three capitation as had been promised last week.
“We have today received the Financial year 2020/21 Quarter three Capitation of Ksh.2.8 Billion from the National Treasury,” posted HELB on its social media pages.
The Board has assured students in universities across the country that heir pending loan disbursements will be made by Thursday this week.
“The pending student loan payments are currently being addressed and will be concluded by Thursday 18th March 2021,” HELB added.
HELB Chief Executive Charles Ringera last week blamed Treasury led by Ukur Yatani for the delay in the disbursement of student loans, that students should have received by January.
The Board also blamed loan defaulters in the country for the said delay indicating that some past beneficiaries of the student loan had the ability to repay but have failed to do so.
This comes days after viral photos and videos emerged of students starving and seeking ways to survive at Moi University in Eldoret for lack of money due to the delayed disbursement