An analysis of the funding of students in the Kenyan public Universities by the higher education loans board

A Project submitted in partial fulfillment of the requirements for the degree of Masters of International Business Administration (MIBA).The focus of this study was twofold: • To determine whether the loans provided by HELB cover cost of education sufficiently for the student • To determine whether the loans/bursaries are fairly distributed The literature review discussed the historical development of university education in Kenya and the introduction of the student loan scheme in Kenya. A section dealing with examples of other countries with student loan schemes is included. The population of interest for this study comprised of the students in all five public universities namely University of Nairobi, Kenyatta University, Moi university, Egerton and Maseno University. The sample studied however only included students from University of Nairobi. The findings of the study suggested that the loan provided by the Higher Education Loans Board is enough to cater for the education of some students but not for all. HELB uses a means testing form to determine who deserves a loan/bursary