Webinar #23/2024:Assessment of the Funding Model by the Higher Education Loans Board: Implications for Adequacy and Equity

Education Financing In Kenya: Policy Options Based On Simulations And Scenarios

Since its inception, the Higher Education Loans Board has financed more than 1,126,308 students to a tune of Ksh.117.8 billion pursuing higher education in both public and private universities, technical training institutes and polytechnics. As such, HELB was introduced to cushion students from disadvantaged families against adverse financial difficulties, and to ensure no eligible student drops out of the university due to lack of funds to further their education. Financing of higher education is in line with the government’s Big Four Agenda and Vision 2030 which will play a crucial role in transforming the country to a middle-income economy. For the country to move towards the realization of these blue prints, the government must increase funding to expand the knowledge and the required skills of its people to match the demand for the workplace. This begins by investing in quality and affordable education for its citizens.