Credit: Jeff Parker, Florida Today
Through the Higher Education Loans Board, the Kenya government has been lending loans to students for their university education fees, and using predatory, private sector practices to recover the money. Within a year of graduation, students have to repay the loan at 5,000 shillings a month, regardless if they have an income or not. Worse, HELB has partnered with the Credit Information Bureau to share information of defaulters.
For graduates, HELB loans are a trail of tears.
For graduates, HELB loans are a trail of tears.
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