2,000 underage university students to miss out on loans
Because they were underage when they took the exam, around 2,000 pupils will be unable to get loans even if they qualify for them.
It has been made clear by Charles Ringera, the chief executive officer of the Higher Education Loans Board, that the loans would be held in reserve for these students until they attain the minimum age requirement.
Students who enrol in postsecondary education without proper identification will only be considered for financial aid.
Learners who are in possession of birth certificates have until the 27th of August to submit an application for financing from the University financing programme.
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However, applicants who took the Kenya Certificate of Secondary Education (KCSE) exam the year before they turned 18 and did not meet the eligibility requirements would not be considered for the loans.
Ringera stated, “Contrary to what you may believe, you are not permitted by the law of contracts to enter into any kind of agreement with a minor.” In addition, the chief executive officer stated that students are required to complete obligatory training in the management of their finances before being eligible for scholarships and loans.
Learners were told by Ringera that the government has put steps in place to ensure finances are available to sustain funding of the new model. Ringera was referring to the fact that the government has put mechanisms in place.
He stated that this year, the government has allocated Sh23 billion towards financing the new cohort in accordance with the new model, and that Sh8.7 billion is designated for continuing students in both universities and TVET schools.
2,000 underage university students to miss out on loans
