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Kenya to track student loan defaulters

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Authorities in Kenya say they will launch an operation to track seventy-four thousand people who have defaulted in student loans.
The Higher Education Loans Board, (Helb) a state agency, seeks to recover about 7.2 billion Kenya shillings, approximately seventy-two million dollars.
Education Minister Amina Mohamed said the ministry will work with the police to track defaulters.
The head of Helb, Charles Ringera, said the agency will work with the Foreign Ministry to track defaulters living outside the country.
Ms Mohamed said the annual Helb student loan budget had grown from $45m financing 110,000 students in 2012 to $109m for 250,000 students in the 2017/18 financial year.
She said 53% of Helb budget is funded by the government with loan recovery covering the rest.
People who borrow money from Helb are expected to start repaying after they graduate.

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