News Column

Strathmore University Partners With HELB

August 21, 2014

Henry Wanyama

STRATHMORE University became the latest to put its scholarship and loan fund under the management of the Higher Education Loans Board.

Helb chief executive officer Charles Ringera has signed a similar Memorandum of Understanding with the Nation Media Group, Kenyatta University, Housing Finance Cooperation of Kenya, Nyamira County, Naivasha Constituency, Tindiret Constituency and I&M Bank.

Ringera said: "I am gratified for the support that Strathmore University is providing to enable students to achieve their dreams."

He added, "Partnerships with other universities in the management of their student financing programmes creates a true Students National Higher Financing Revolving Fund."

He said the partnerships go a long way to lessen the burden of tuition fees for needy students in Strathmore University and other institutions of higher learning.

The demand for HELB loans is very high and therefore there's need for alternative funding to meet the demand for loans towards the achievement of Vision 2030, Ringera observes.

In the last financial year, Helb disbursed a total of Sh6.8 billion to more than 150,000 students pursuing higher education in recognised universities.

Ringera said the partnership with Strathmore University is a lasting one and is one of the alternative ways of financing higher education out of government financing which Helb is currently pursuing.

Speaking at the signing ceremony, Strathmore University vice chancellor Prof John Odhiambo said the university is open to all students.

"We are not here to serve the agenda of a certain class of people but we admit all qualifying students irrespective of their social-economic status. We are proud to be associated with Helb on this as we strengthen our presence within the education sector to ease the financial burden of the less fortunate pursuing their studies in this great institution of higher learning," Odhiambo said.

He added that at Strathmore, they have positioned themselves to become the conduit of their customers' individual dreams and aspirations, "and this opportunity to help students achieve their dreams is part of our vision."

Currently, 800 needy students benefit from the Strathmore University's scholarship programme.

The number is bound to increase with demand for the scholarship increasing exponentially. They plan to convert this scholarship into a "Strathmore revolving fund" so that more students can benefit.

HELB's proven and tested capacity in loan disbursement and recovery will guarantee the sustainability of the Strathmore fund.

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Source: AllAfrica

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