Posted On
Thursday, April 11, 2013 |
by NATION REPORTER
Student funds from the Higher Education Loans Board will in future be loaded on smartcards to avoid misuse.
Helb
chief executive Charles Ringera Thursday said the Board planned to
launch the card as a way of taming frivolous expenditure by students on
money meant to pay their tuition.
“It would be a kind
of an e-wallet with divisions. This will have a set amount of money from
their loans such that, for money meant for tuition, they can only swipe
the card for tuition and not any other use,” he said at the Kenya
Institute of Supplies Management workshop on procurement at the
Intercontinental Hotel, Nairobi.
Mr Ringera said the
plan was part of a wider government programme to prevent students from
diverting Helb loans to other things and then run into trouble paying
fees.
“We don’t want our children to spend the money we
loan them on drinking. This has often been the case, and the board is
trying to address these challenges because these students will have to
repay this money.”
The smartcard will be like the ATM
card given to a supermarket teller to swipe, only that it will have
three portions; tuition, upkeep and general use.
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