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"The idea is to have as ...
"The idea is to have as many funding channels as possible to increase access to all students in universities" said Benjamin Cheboi, the chief executive at HELB.
The Standard | Online Edition
Mr Benjamin Cheboi, the HELB Secretary and chief executive, says before the board was set up, a paltry Sh3 million was collected a month.
"There are small employers who do not remit employees' tax but pay NHIF contributions," says Mr Cheboi
adds that the board works with employers and seeks information on employees who have benefited from university loans.
The law demands that employers disclose to HELB
graduates they have employed, the names they used at university and present name if different, ID number, admission numbers and institutions they attended. Mr Cheboi
says employers are required to inform the board in writing within three months of a loanee's employment and to remit deductions on the 15th day of the month.
"Employers, especially big companies, inform us of the graduates they have employed even without our asking," says Mr Cheboi
says most beneficiaries who are not paying their loans are unemployed or underemployed and graduated in the 1990s and this decade.
"A significant number has been employed in the past two years and this has led to an increase in loan recovery," he
University Leaders' Forum
Benjamin Cheboi, CEO, National Higher Education Loans Board, Kenya [download slides]
Helb Chief Executive ...
Helb Chief Executive Benjamin Cheboi is on record saying more than 10,000 self-sponsored students have expressed interest in loans.
Mr Benjamin Cheboi, ...
Mr Benjamin Cheboi, secretary, Higher Education Loans Board.
...Mr Benjamin Cheboi, the secretary of HELB, says the Motion should be looked at from a needs background and not services point of view.
"Politicians believe that for goods and services to get to the people, the person distributing it must be physically present," he
argues, is expensive."It would mean renting many offices and employing more staff and allocating more resources like cars yet we are already under-funded," he
says the board is efficient and has asked for more money from the exchequer to help more students.He
is lobbying the Government to increase its allocation to Sh2 billion from Sh800 million annually.He
says it is not logical to give each district equal amounts of money as more proponents of decentralisation have argued.For example, the number of students qualifying for university in North Eastern Province is much lower than that in Central Province."One can decentralise through the use of information communication technologies," he
, the best option is one that minimises expenses while maximising income.
" The firm helps us track those who have refused to repay their loans and to establish incidents of deaths," says Cheboi
If the body could recover more than half of its loans, it would establish a revolving fund to generate more money to help students apart from what hey receive from the exchequer, says Cheboi