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{
    "id": 88170,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/88170/?format=api",
    "text_counter": 299,
    "type": "speech",
    "speaker_name": "Mr. Chanzu",
    "speaker_title": "",
    "speaker": {
        "id": 11,
        "legal_name": "Yusuf Kifuma Chanzu",
        "slug": "yusuf-chanzu"
    },
    "content": "Madam Temporary Deputy Speaker, considering that education is key to development of any nation, including our country; it is time that we had our priorities right. We need also to fund those sectors which will generate growth and development for our country. It is through investing in education that we will talk about developing our country. Even as we talk about Vision 2030, we shall require highly educated and highly experienced people who will be able to steer the economy to that level. So, we need to have educated people. Therefore, our people need not struggle so much to access education. The responsibility of the Government is to provide for its citizens. It is not good for our students to struggle for education and then, by the end of the day, they feel that there is nothing to contribute to the economy. They go and work at odd hours to fund education. We have institutions in this country which can also lend, but they do so at very high interest rates. This is why I came up with the idea that if the Government can look at the funding of this sector and allocate more money to HELB, it will benefit more students. Currently, the maximum loan HELB gives to a student is in the region of Kshs40,000 to Kshs45,000. The university fees for those going to private universities ranges from Kshs130,000 to over Kshs200,000. If a student is lucky to get a maximum of Kshs45,000, there is still big shortfall. If we triple this amount, we will be talking of about Kshs170,000. We now have a new Constitution and we want the economy to grow. We hope that we will be able to create employment for these students once they finish university so that they can pay back their loans. If they take a loan of about Kshs150,000 per year, times four years, it will come to about Kshs600,000. They should be able to pay back after they have completed their university education. We do not want our students to do odd jobs and beg the entire place to pay for their education. I am sure we shall have many students joining university in future if we tripled allocation to HELB."
}