The Higher Education Loans Board has revealed that it will work in conjunction with the office of the Directorate of Public Prosecutions in their mission to recover the billions they have lost their loanees who have defaulted in payment.
The state agency, in the press release signed by CEO Charles Ringera, highlighted various laws touching on loan defaulters and affirmed that it would seek to actively collaborate with relevant authorities in their pursuit of the same.
The state agency responsible for providing loans to students in pursuit of higher education put out the release in response to the public uproar over Amina’s statement on Wednesday, February 20, 2019.
HELB felt that the public’s reaction emanated from a misinterpretation of her statement, and thus, went on to clarify the police service was just one among the many government bodies they can legally consult when in pursuit of loan defaulters.
The CEO went on to clarify that the requisite penalties from defaulting do not touch on:
- Beneficiaries within the moratorium period of one year
- Beneficiaries under a mandatory internship for specified internship period.
- Loanees in the disciplined forces and are under the specified training duration as will be guided from time to time.
- Beneficiaries on deferred studies due to Illness