The Higher Education Loans Board (HELB) has dispelled rumours suggesting a temporary suspension of disbursement of funds to students.
In an official statement issued on Wednesday, the agency cautioned the public to stay vigilant and avoid falling prey to misinformation and fraudulent schemes.
“Beware of misinformation, disinformation and innuendo. Stay vigilant, verify sources, and let us share responsibly,” the statement read in part.
HELB specifically addressed a circulating letter on social media purportedly signed by Education Cabinet Secretary Ezekiel Machogu.
The letter dated January 4th advised students to consult with sponsors, parents, or guardians and explore alternative ways of covering their fees, claiming a temporary halt in the disbursing process until further notice.
The fake letter attributed the decision to financial constraints faced by the government, leaving affected students in a state of uncertainty regarding their academic funding.
Some students, however, raised concerns about previous delays in funding, expressing frustration at the prolonged wait for disbursement. They urged the board to expedite the release of pending funds.
Last year, the government introduced a new university funding model called the Higher Education Financing (HEF).
Cs Machogu unveiled HEF in July, aiming to enhance access to government funding for more students.
Under this model, students are categorized into three groups based on their financial situations: the vulnerable, the less vulnerable, and the able. Each category receives a percentage of government funding to support their academic pursuits.
In the new university funding model, vulnerable students receive a 100% government scholarship, with 82% covered by scholarship and 18% by a loan.
Extremely needy students get a 70% government scholarship and a 30% loan.
Needy and less needy students receive a 93% government scholarship, with a 7% household contribution.