Loan defaults under the Higher Education Loans Board (HELB) remain a major concern, with over half a million borrowers failing to service their debts.
Data from the financial year ending June 30, 2025, shows that 563,949 loan accounts worth Sh89.9 billion had not made any repayments.
Most defaulters fall within the 0–5 years category, accounting for 281,459 loan accounts, followed by 191,766 borrowers whose loans are aged between 5 and 10 years.
Defaults sharply decline as the age of the debt increases, with 32,608 accounts in the 10–15 year bracket and 11,337 in the 15–20 year category.
Older debts remain significant, with 8,118 accounts aged 20–25 years and 11,408 between 25–30 years.
Loans older than 30 years account for over 27,000 defaulters.
The figures, reported by the Auditor General Nancy Gathungu, highlight persistent repayment challenges among graduates and raise concerns over the sustainability of the student loan scheme.
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