The Ministry of Education has announced that the government has released Ksh 3.32 billion for First and Second Year university students for the 2024/25 academic year.
In a statement dated Tuesday, February 4, Education CS Julius Ogamba said the funds disbursed through the Higher Education Loans Board (HELB) will see students receiving loans of between Ksh40,000 and Ksh60,000.
“The Government disbursed a total of Ksh 3.32 Billion by 31st January 2025, for First and Second Year students during the 2024/2025 Academic Year.
“The disbursements, made through the Higher Education Loans Board, cover students’ upkeep. The upkeep loans, which are a critical component for fostering student welfare, range from Ksh. 40,000 to Ksh. 60,000 per student,” read the statement in part.
CS Ogamba noted that the disbursed funds are part of the funds that had already been appropriated in July 2024, in the context of the current Financial Year’s budgetary and appropriation framework.
