UNIVERSITY STUDENTS CRY FOUL AFTER HELB BILL WAS REJECTED

A section of Murang’a University Students Association (MUSA) has cried foul over the rejection of the Higher Education Loans Board Amendment Bill in Parliament that has denied university students a chance to improve their living standards. Speaking to the press, their spokesperson Laban Macharia condemned the legislators who rejected the bill terming the ongoing political affiliations as misplaced priorities in the education committee saying they will be writing a protest letter to the speaker of the national assembly. The Bill that sought to increase the grace period for payment of loans from one year to five years had reduce the loan interest from four to three per cent, which was to help university students better their lives while in campus and after finishing their studies.

The bill was rejected by the Parliamentary Committee on Education on grounds that, if the said proposals are implemented, then the committee stands to lose 693M annually and 4.3B in five years. They have also faulted the members of parliament for failing to consider the lives of struggling youths who just graduated from school and have to pay loans before being employed. They however have commended Embakasi East MP Babu Owino’s move to re-introduce the bill in Parliament after six months calling on other legislators to support it.  Students who do not secure jobs immediately after completing school would be shielded by the Bill as they would have five years to start clearing the loan. Helb also imposes a Sh5,000 monthly penalty on defaulters.