This week Education Cabinet Secretary Amina Mohammed said police will be involved in tracking down 74,000 thousand helb loan defaulters, speaking during the launch of HELB’S five year strategic plan at Nairobi hotel, the CS said those who are beneficiaries of the higher education loans board and employed, yet have failed to stand up and be counted as reliable and responsible citizens of the country by failing to honour their agreement will be on the receiving end of the law enforcers.
The CS said, the defaulters will be tracked through their work stations and also mobile money transactions , she says the move is hoped to increase resources that are available to HELB to support others who are looking to benefit from the same.
880.000 people have benefited from helb in the past 24 years making the total amount disbursed over the years about that Sh. 90 billion, out of that 213, 067 people have already cleared their loans making the total amount repaid 21.3 billion, 153,817 people are however still paying their loans that amount to Sh.24 billion and the number that is said to have defaulted is 70,008.
This year alone the government is expected to spend close to Sh. 12 billion to admit all qualified students to universities and technical training colleges. An extra 8.5 billion will be needed for the 121,000 students expected to join TVET institutions who scored between C plain and C- in 2018 KCSE exams.
THE FIVE YEAR PLAN.
According to CS Amina, the HELB five year strategic plan dubbed 2019-2023 is costed at an estimated Sh. 90.7 billion. The plan envisions a reformed, bolder, agile, customer focused, FINTECH enabled and risk intelligent organization, according HELB employees a great place to work.
The plan is aligned to vision 2030 and the Big Four Agenda,