HELB Seeks Access to KRA, Telco Data to Boost Loan Recovery and Scholarship Vetting

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    The Higher Education Loans Board (HELB) and the University Fund are pushing for legislation that would grant them access to third-party data from the Kenya Revenue Authority (KRA) and telecommunications companies. This would enhance the effectiveness of their means testing tool for scholarship allocation and help recover the KSh 40 billion in unpaid student loans. The board is also proposing the creation of an education policy scheme with tax incentives to complement existing student loans and scholarship programs.