COURT DELIVERS GOOD NEWS ABOUT HELB LOAN

Comrades are happy!

The High Court ruled that beneficiaries’ monthly fines charged by the Higher Educations Loans Board (HELB) were illegal.

In most cases, the judge said after studies, the majority of the graduates find themselves jobless, and the loan matures before they get employment and interest and penalties kick in.

HELB imposes a fine of not less than KSh5,000 in respect of each loan deduction that remains unpaid.

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