THE Higher Education Loans and Scholarships Board (HELSB) says it recovered a total of K121.4 million under the student loan scheme in 2022 compared to K104.3 million in 2021. HELSB Acting Chief Executive officer Floyd Ndabulula has revealed that from the 69, 321 beneficiaries whose loans have since matured, only 14, 449 are paying back through the payroll systems. During a media briefing yesterday, Ndabulula said all students who were supported by the then Bursaries Committee and subsequently by HELSB in public universities were required to pay back the loans with 15 percent interest amortised per annum. “In 2004, the Government introduced a Student Loan Scheme to replace the Bursary Scheme, which became unsustainable. With the introduction of the Student...