Kenya’s government is moving forward with a new legislative proposal that could replace the Higher Education Loans Board (HELB) with a single tertiary education funding authority. The proposed bill aims to streamline financial support for students by creating a unified system that allows parents and guardians to save for their children’s higher education.
The new framework would enable families to contribute to a savings plan specifically designed for tertiary education expenses. This initiative is part of broader efforts to improve access to higher education while reducing the financial burden on students and their families.
Under the proposed legislation, the role of HELB would be restructured, with the creation of a centralized authority responsible for managing student funding. This change is expected to simplify the process for students and ensure more transparent and efficient allocation of resources.
The bill is currently under review and has not yet been passed into law. If implemented, it could mark a significant shift in how higher education is funded in Kenya.
