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{
    "id": 917503,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/917503/?format=api",
    "text_counter": 372,
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    "content": "THAT, AWARE THAT the Higher Education Loans Board (HELB) has, for over the last two decades, become the leading financier of higher education in Kenya whose mandate is to source funds and lend them as affordable loans, bursaries and scholarship to students pursuing higher education in recognized institution; COGNIZANT THAT, the Ministry of Education announced that the government has lost Kshs7.2 billion through people defaulting payment on loans issued by HELB translating to 74,692 graduates who have defaulted the loans payment; NOTING THAT, measures were taken to enhance the HELB loan recovery process which included a six month waiver of accumulated interest and penalties, and working with law enforcement officers to make sure the defaulters who are employed payback the loans; CONCERNED THAT, there are graduates from institutions of higher learning who have not been gainfully employed for many years after graduation, and are therefore burdened with loans that have accumulated interest and penalties that they have no means to repay;"
}