The National Skill and Funding Council (NSFC) will replace the Higher Education Loans Board (HELB).
A task force formed to study the Competency Based Curriculum compiled a report that served as the foundation for the decision to eliminate HELB and develop the NSFC.
In an effort to enhance the educational system, President William Ruto has declared that the Higher Education Loans Board (HELB) will be eliminated and replaced by the National Skill and Funding Council (NSFC).
“The new body will double the current HELB funds from KES 11 billion to KES 22 billion.”
“NSFC will further mobilize grants, bursaries, and scholarships from private and public sponsors to cover non-tuition costs.”
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“Instead of different funding systems, the government will establish the National Skill and Funding Council (NSFC) that will amalgamate the existing funding bodies,” says President Ruto.
For university students’ non-tuition expenses, the NSFC will also secure grants, bursaries, and scholarships from private and public sponsors.
The Technical and Vocational Education and Training (TVET) financing will be absorbed by the NSFC, which will also raise spending by 45% over the HELB.
In order to facilitate a smooth transition into the first Junior Secondary School level, President Ruto also stated that the government will hire 30,000 more teachers for basic education and 3,000 tutors for TVET institutions.
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