The Higher Education Loans Board (HELB) is planning a major shift in the way it finances higher education by reducing reliance on the National Treasury and instead turning to financial markets through a proposed Sh500 million social bond.
The ambitious plan, currently under discussion with the World Bank, seeks to securitise HELB’s loan book and attract investors in order to guarantee predictable and timely funding for students in universities and Technical and Vocational Education and Training (TVET) institutions.
