2,000 underage university students to miss out on loans
Approximately 2,000 students will be unable to access loans due to being underage when they sat for the exams.
Charles Ringera, the CEO of the Higher Education Loans Board, has clarified that the loans will be reserved for these learners until they reach the appropriate age.
Students enrolling in tertiary institutions without IDs will only be eligible for scholarships.
Learners with birth certificates can apply for funding from the University Funding program before the August 27 deadline.
However, students who took the Kenya Certificate of Secondary Education (KCSE) exam last year before turning 18 will not qualify for the loans.
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“According to the law of contract, you cannot enter into any agreement with a minor,” Ringera said. Furthermore, the CEO said before students are granted scholarships and loans, they must undergo mandatory training in financial management.
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Ringera told learners that the government has put measures in place to ensure funds are available to sustain funding of the new model.
He said, this year the government has set aside Sh23 billion towards financing the new cohort under the new model, while Sh8.7 billion is reserved for continuing students in both universities and TVET institutions.
2,000 underage university students to miss out on loans
