Business Daily | by John Mutua
Interest charged on college student loans will be cut to three percent and the grace period for repayment increased to five years after graduation if lawmakers approve changes to the law.
Under the proposed changes to the Higher Education Loans Board (Helb) Act interest on the loans will fall from four percent to cushion jobless graduates from the Sh5,000 monthly fine for defaults.
Currently, graduates are required to start repaying the student loans within a year after graduation…
