By Editorial
Funding university students to complete their courses remains a big challenge. This is more so since the government’s new funding model failed to take off and the High Court declared it unconstitutional.
Although the Court of Appeal suspended the ruling and allowed the government to continue processing conditional funding pending a final determination, the setback has unsettled the higher education sector. The country needs high-calibre manpower to achieve its development objectives.
The Higher Education Loans Board (Helb) plans to raise its own funds by issuing a Sh500 million social bond, reducing its reliance on the National Treasury. The ambitious plan under discussion with the World Bank will enable predictable and timely funding for students. Helb supports 650,000 university and tertiary college students annually.
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