Legislators who head the education committee in the National Parliament have been criticized for their failure to pass the higher Education Loans Board Amendment Bill that was before the floor of Parliament. The Bill aimed at increasing the period within which graduates would take after completing their studies and also reduce the interest accrued by the laon from four percent to three percent annually.
Kenya University Students Organisation Chairperson Anthony Manyara states that there is a lack of trust and misplaced priorities in the education committee and among legislators who rejected the bill. He also faulted the lawmakers for failing to consider the lives of struggling youths who just graduated from school and have to pay loans before being employed.
Embakasi East MP Babu Owino has vowed to re-introduce the bill in Parliament after six months urging university students to remain patient as he puts his defence in order to ensure that upon re-introduction it will make it past the preliminary stages.
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 penalties on defaulters.