The High Education Students’ Financing Board (HESFB) finds itself under fire as the release of the list of beneficiaries for the Academic Year 2023/24 loan scheme faces yet another delay.
The announcement, made through a memo dated 17th April 2024 by Executive Director (CPA) Michael O. Wanyama, has sparked widespread dissatisfaction among prospective beneficiaries, with many taking to social media to express their frustration.
This marks the second postponement of the release, initially scheduled for April 15, 2024, then rescheduled to April 17, 2024, only to be postponed again with no definite date provided.
The memo cites “unforeseen circumstances” as the reason behind the delay, leaving many questioning the level of organization and preparedness within the HESFB.
Prospective beneficiaries, who have eagerly awaited news of their loan approvals, have voiced their grievances on various social media platforms, decrying the perceived lack of transparency and accountability on the part of the board.
Many expressed concerns about the uncertainty surrounding their financial support for the academic year, highlighting the tangible impact of these delays on their education and livelihoods.
The repeated postponements not only erode trust in the institution but also exacerbate existing challenges faced by students in accessing affordable financing for their studies.
In response to the backlash, HESFB has yet to issue a public statement addressing the concerns raised by prospective beneficiaries. However, the board is under increasing pressure to take decisive action to rectify the situation and restore confidence in its operations.
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