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The Higher Education Students’ Loans Board (HESLB) on Wednesday, October 18, 2017, released the first batch of 10,196 successful applicants for the academic year 2017/18.The list is among 30,000 first year students who are expected to receive loans from the HESLB for higher education
According to a statement released by HESLB Director General Abdul-razaq Badru, about Sh34.6 billion has been allocated to successful candidates in the first batch.
“In this academic year, a total of Sh108.8 billion will be released for 30,000 first year students,” he said in a statement.
Mr Badru added that the list of successful applicants in the first batch is available at HESLB website “Other lists will be released according to the allocation trend,” he said, adding that an allocation exercise for all successful fresh candidates will be accomplished by the end of October.
The HESLB boss explained further that the first batch was drawn from 32,495 students who have been admitted to one university.
For those who have been admitted to more than one institution and qualify for the loan, the allocation will wait until they have made a single choice.
He went on to explain that Sh318.6 billion had been allocated to 93, 295 continuing students.Meanwhile, the HESLB has started disbursing meals, accommodation and tuition fee for continuing students who have passed their exams.
According to Mr Badru, the exercise started on Wednesday, October 17, purposely to end inconveniences which normally emerge at the beginning of the academic year
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