The Higher Education Loans Board (HELB) has now given a 30-day deadline to defaulters to repay their loans failure to which their names and photos will be published in the country’s dailies.
According to HELB, at least 85,000 Kenyans have failed to repay the loans they received which has pilled to Ksh.50 billion issued since 1975.
“HELB wishes to notify the general public and loan defaulters that the HELB student loan is a government debt which should be repaid as per the terms and conditions on which it was advanced,” read a notice from the State Corporation.
“However, some beneficiaries who are in default have not responded to previous communication addressed to them yet the funds received from loan repayment are used to support the current needy students therefore sustained default hinders funding of other deserving Kenyan youth.”
Defaulters have been urged to get in touch with HELB via firstname.lastname@example.org for particulars of their loan accounts and any other inquiry.