Honourable John Paul Mwirigi, representing Igembe South Constituency, Kenya, has sponsored the Higher Education Loans Board (Amendment) Bill (National Assembly Bill No. 37 of 2020), whose “principal objective is to amend the Higher Education Loans Board Act in order to provide that a loanee shall commence the repayment of his or her loan once he or she secures employment. The current position is that the loanee is to begin repayment of the loan within one year of completing his or her studies. A relatively small percentage of graduates secure employment within one year of graduation yet the interest already starts accruing. This amendment is meant to cushion unemployed graduates from being charged interest on the loan before they have secured employment.”
