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{
    "id": 128860,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/128860/?format=api",
    "text_counter": 235,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "Another innovative way the HELB can acquire money for on lending to potential students is probably to use the CDF method. That is a certain percentage of the gross Government revenue be allocated to the HELB for onward lending to potential students. This will take care of what I consider the consumer side of education who are the “students”. We also have the provider side of education who are the “higher education institutions”. We can then come up with a method to ensure that they reach all the people because the CDF is restricted. We can only give bursaries up to 10 per cent of the CDF. These cannot possibly cover all the students that require bursaries. In my constituency, because of the large population, we can give up to a maximum of Kshs5.5 million as bursaries, but when we take the university students and the middle-level college students, we find that all the students who deserve those loans can only access a maximum of about Kshs3,000 a year. That will not help them at all and yet these are students from very poor backgrounds. If they could be allowed to borrow from the HELB, they could complete their education and serve the country. We need to bridge this gap and that is the reason I have brought this Motion before this House. We want to urge the Ministry of Higher Education, Science and Technology to look at ways and means to bridge this gap and reach out to all the potential students so that they can access these loans."
}