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Kenya National Union of Teachers (KNUT) Secretary General Wilson Sossion cleared his Higher Education Loans Board (HELB) arrears last year November [PHOTO/COURTESY]

Why it took KNUT boss Wilson Sossion 20 years to clear HELB loan despite his top-paying job

Kenya National Union of Teachers (KNUT) Secretary General Wilson Sossion cleared his Higher Education Loans Board (HELB) arrears last year November – nearly 20 years after he graduated from Egerton University.

Sossion cleared the loan after he paid a lump sum of KSh85, 654, which had been outstanding since he graduated from Egerton University in 1993.

In a statement, HELB confirmed that Sossion had indeed cleared his outstanding loan.

“We kept in touch with the outspoken KNUT boss to ensure he pays his loan for other needy students to also benefit from the facility,” Helb chief executive Charles Ringera said in a statement November, 2016.

As it stands, there are 85,364 loan defaulters who the agency is pursuing. These owe HELB KSh9.7 billion.

Sossion partially benefited from the financier while pursuing a diploma in education at Egerton University in the 90s, despite later receiving scholarship assistance from the United States Agency for International Development (USAID).

It now emerges Sossion had no idea he owed HELB money until he applied for a loan, only to be told that he had been listed by Credit Reference Bureau (CRB) as a defaulter. This prompted him into action.

“From records, I was a student under USAID scholarship. And in my last year of study, I did not know that some HELB loan was still running in my course. I only came to learn that I owe HELB some KSh85, 000 through CRB. I had been listed as a defaulter at CRB. When I made that discovery, I paid in a lump sum; otherwise, I would have loved to clear it way back,” Sossion told eDaily.

 

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